AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.50 Increased By ▲ 2.97 (2.29%)
BOP 6.87 Increased By ▲ 0.19 (2.84%)
CNERGY 4.59 Decreased By ▼ -0.04 (-0.86%)
DCL 8.84 Decreased By ▼ -0.10 (-1.12%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.51 Increased By ▲ 0.74 (0.88%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 76.86 Increased By ▲ 1.39 (1.84%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.30 Decreased By ▼ -0.25 (-0.23%)
HUMNL 14.43 Decreased By ▼ -0.13 (-0.89%)
KEL 5.55 Increased By ▲ 0.16 (2.97%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.65 Decreased By ▼ -0.14 (-0.35%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.75 Decreased By ▼ -0.91 (-0.46%)
PAEL 26.10 Decreased By ▼ -0.55 (-2.06%)
PIBTL 7.60 Decreased By ▼ -0.06 (-0.78%)
PPL 158.81 Increased By ▲ 0.89 (0.56%)
PRL 26.25 Decreased By ▼ -0.48 (-1.8%)
PTC 18.50 Increased By ▲ 0.04 (0.22%)
SEARL 82.25 Decreased By ▼ -0.19 (-0.23%)
TELE 8.13 Decreased By ▼ -0.18 (-2.17%)
TOMCL 34.45 Decreased By ▼ -0.06 (-0.17%)
TPLP 8.90 Decreased By ▼ -0.16 (-1.77%)
TREET 16.89 Decreased By ▼ -0.58 (-3.32%)
TRG 59.52 Decreased By ▼ -1.80 (-2.94%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,608 Increased By 201.7 (1.94%)
BR30 31,892 Increased By 178.5 (0.56%)
KSE100 98,960 Increased By 1631.6 (1.68%)
KSE30 30,781 Increased By 588.4 (1.95%)

KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), has said that if the government wants to see the country economically stable, it should provide relief to the industries otherwise it will have a very negative impact on the country economy.

Expressing deep concern over the sudden rise in electricity tariffs and rejecting the tariff hike by K-Electric, he demanded immediate withdrawal of recent hike and asks for electricity bills to the industries at the previous rates.

He said that K-Electric has increased the electricity tariff by Rs2.87 per unit without any prior notice and electricity bills are being sent to the industries as per the increased rates which has caused a wave of concern among the industrialists.

"Further increase in electricity tariff will lead to a sharp rise in the cost of industrial production and will make exporters unable to compete in international markets, which could lead to a decline in domestic exports," he pointed out.

He further said that industrialists and stakeholders including NKATI must be taken into confidence before increasing the KE electricity tariff and exchange actual reasons for the increasing tariff so that the industrial community can set an estimate of the cost of production.

Copyright Business Recorder, 2020

Comments

Comments are closed.