KCCI rejects electricity tariff hike by K-Electric

President Karachi Chamber of Commerce & Industry (KCCI) Shariq Vohra, while referring to Power Division's notification in which K-Electric (KE) has been allowed to increase rates of electricity ranging from Rs.1.09 to Rs.2.89 per unit with effect from September 1, 2020, stated that this anti-business move would give a serious blow to the trade & industry which was still struggling really hard to recover from the disaster caused by the lockdown for six months imposed to contain Covid-19 pandemic.

While rejecting outright the federal government's decision to increase KE's tariff, Shariq Vohra said Karachiites are already suffering badly due to unbridled inflation hence the hike in KE's electricity bills was unacceptable and must be withdrawn immediately. "Although the lawmakers are assuring that Prime Minister Imran Khan and his government were striving to control inflation by making earnest efforts but it is really unfortunate that they have given go ahead to KE for raising its tariff which would not only intensify the hardships for business community due to high cost of doing business but would also terribly affect the poor masses who are already overburden due to inflation while KE's tariff hike would further worsen the situation", he added.

"Indeed it is a huge disappointment that the Federal Government, instead of providing relief to the already burdened citizens of Karachi during the ongoing difficult times, continues to take anti-business and anti-Karachi actions.

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