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Home Business & Stock

SCCI demand withdrawal of recent hike in power tariff

MM News Staff by MM News Staff
October 9, 2020
Reading Time: 1 min read
Power tariff

PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has rejected up to Rs0.83 per unit increase in electricity tariff, the terming NEPRA’s decision “a grave injustice” with the people.

SCCI President Sherbaz Bilour said, “Despite producing low-cost electricity, KP is purchasing electricity on exorbitant rates, which is completely unfair and unjust with the people of this province.”

A gradual increase in the price of electricity has not only damaged industrial productivity but has also caused food inflation, which directly affects the poor masses, he added.

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Bilour assured the traders that a special committee at the chamber level would be constituted soon to identify issues pertaining to electricity, gas, wedding halls, restaurants and other businesses affected by the outbreak of coronavirus.

The SCCI president maintained that the recent hike in electricity tariff from October 1 would adversely affect the national economy, especially the manufacturing sector, as the country’s industrial process would come to a halt.

He demanded the federal government to immediately withdraw the recent hike in electricity tariff and to ensure uninterrupted power supply to industries across the province.

 

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