AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Sarhad Chamber of Commerce and Industry (SCCI) rejected the proposal of Planning Commission for increase in power tariff up to 14 per cent, termed it totally unworkable idea under the present economic conditions of the country. This was stated by the SCCI acting president, Malik Iftikhar Ahmad Awan in a press statement issued on Wednesday.
The SCCI acting chief asked the planning commission to take proposals for increasing electricity production to meet the growing energy demand, instead of floating ideas, which were not viable under prevailing circumstances. Awan said that electricity was being produced through fuel and other expensive resources in the country. But, he added the water reservoirs were not properly utilized for this purpose, which was causing colossal losses to national economy.
The business community, he said, also ultimate sufferer amid impeding energy crisis. SCCI acting president said industries are hitting hard due to growing shortages of power, while business and economic activities also badly affected in the present situation. He said that the unscheduled load shedding from 10 to 12, slow down industries growth and business in the province.
In the prevailing circumstance, he said the Planning Commission of Pakistan proposal for increasing power tariff up to 14 per cent, not an unviable idea, described it was tantamount to further push already bad economy into darkness. He asked the PCP to focus on increasing electricity production to the growing energy demand, and to pick up industries, business and economic activities, instead of floating unfeasible proposals.

Copyright Business Recorder, 2013

Comments

Comments are closed.