AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 211.00 Increased By ▲ 13.64 (6.91%)
BOP 9.60 Increased By ▲ 0.06 (0.63%)
CNERGY 6.37 Increased By ▲ 0.46 (7.78%)
DCL 9.23 Increased By ▲ 0.41 (4.65%)
DFML 37.60 Increased By ▲ 1.86 (5.2%)
DGKC 98.62 Increased By ▲ 1.76 (1.82%)
FCCL 35.94 Increased By ▲ 0.69 (1.96%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 14.12 Increased By ▲ 0.95 (7.21%)
HUBC 129.52 Increased By ▲ 1.97 (1.54%)
HUMNL 13.74 Increased By ▲ 0.24 (1.78%)
KEL 5.49 Increased By ▲ 0.17 (3.2%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.30 Increased By ▲ 0.60 (1.34%)
NBP 60.70 Decreased By ▼ -0.72 (-1.17%)
OGDC 220.65 Increased By ▲ 5.98 (2.79%)
PAEL 40.65 Increased By ▲ 1.86 (4.8%)
PIBTL 8.49 Increased By ▲ 0.24 (2.91%)
PPL 198.43 Increased By ▲ 5.35 (2.77%)
PRL 39.97 Increased By ▲ 1.31 (3.39%)
PTC 27.60 Increased By ▲ 1.80 (6.98%)
SEARL 108.15 Increased By ▲ 4.55 (4.39%)
TELE 8.65 Increased By ▲ 0.35 (4.22%)
TOMCL 36.24 Increased By ▲ 1.24 (3.54%)
TPLP 13.60 Increased By ▲ 0.30 (2.26%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.15 Increased By ▲ 1.18 (3.58%)
WTL 1.69 Increased By ▲ 0.09 (5.63%)
BR100 12,049 Increased By 322.2 (2.75%)
BR30 37,410 Increased By 1033.6 (2.84%)
KSE100 112,624 Increased By 3111.2 (2.84%)
KSE30 35,524 Increased By 1010.6 (2.93%)

KARACHI: Jamaat-e-Islami on Wednesday criticised the federal government’s decision to increase electricity tariffs, warning that the move will impose an additional financial burden on the public worth billions of rupees.

JI Karachi Chief, Monem Zafar while responding to the government’s move to increase power tariffs by Rs 1.74 a unit, warned that the electricity consumers will reject the hike to new highs.

He called the fresh increase “unbearable” for the impoverished nation amid historic inflation in the country, saying that the tariff hike is going to burden the public with an additional Rs 43 billion.

“The nation will not tolerate this intolerable burden under the pretext of a three-month adjustment,” he said, accusing Nepra of being nothing more than a “rubber stamp” used to benefit K-Electric and other similar entities.

He urged the government to revoke K-Electric’s licence, stating that it has failed to fulfill the primary objective of privatization, which was to serve the nation’s interests. He added that the city should be supplied with electricity from the national grid directly

Copyright Business Recorder, 2024

Comments

Comments are closed.