No Result
View All Result
Thursday, July 3, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Image: Facebook

    Adult film star Kylie Page dies of suspected drug overdose

    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

    File photo

    Shefali Jariwala’s sudden death sparks Bollywood debate on anti-aging treatments

    (File Photo)

    India lifts ban on Pakistani YouTube entertainment channels

    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Image: Facebook

    Adult film star Kylie Page dies of suspected drug overdose

    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

    File photo

    Shefali Jariwala’s sudden death sparks Bollywood debate on anti-aging treatments

    (File Photo)

    India lifts ban on Pakistani YouTube entertainment channels

    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Trade associations refute KCCI’s claims against K-Electric

MM News Staff by MM News Staff
June 6, 2021
nepra

KARACHI: Several trade associations have issued a clarification after a video was uploaded by the Karachi Chamber of Commerce & Industry (KCCI) demanding to end the monopoly by K-Electric.

A joint statement has been issued by President Korangi Association of Trade and Industry (KATI) Saleem-uz-Zaman, President SITE Super Highway Association of Trade & industry (SSHATI) Engr. Nisar Ahmed, Founder President Bin Qasim Association of Trade & Industry (BQATI) Mian Mohammed Ahmed, and President Federal B. Area Association of Trade & Industry (FBATI) Mohammad Ali.

The seven trade unions stated that a video has been released by the KCCI on social media mentioning that all seven industrial associations have demanded to end KE’s monopoly. They clarified that a meeting was held at KCCI to discuss the concerns related to KE’s with trade and industry and its potential takeover by Shanghai Electric.

They clarified that participants of the meeting did not reach any decision and it was decided that a committee comprising of technical experts from each association and KCCI will review the concerns regarding discrimination against Karachi’s consumers and will come up with recommendations after deliberation.

The participants resolved that KE has significantly improved from the dark era of KESC, and any haphazard decisions might push it back which will have disastrous implications on the residents and industries of Karachi.

The industrial representatives generally agreed that K-Electric’s response time on complaints and accessibility had significantly improved and appreciated the company for its commitment to the industries of Karachi and the economy of Pakistan.

They appreciated the prime minister and his team for the decision to provide 2000 MW supply from NTDC for the residents and industries of Karachi which will end load shedding for industries.

In response to questions about the alleged unfair practice of charging Karachi’s customers higher electricity prices, it was verified from industries of other distribution companies (DISCOs) in Pakistan and a conclusion was reached that there is a uniform tariff policy across the country which exists only to prevent any discrimination between customers.

The condition of other state-owned DISCOs was also discussed whereby it was discussed that as per financial statements of companies like FESCO and MEPCO they were receiving subsidy which exceeded Rs100 billion and 200 billion respectively for the past five years but continued to post losses. It was stated that KE’s affairs were also looked over by NEPRA and the Ministry of Energy and it was posting a profit except in 2020 due to COVID-19 pandemic.

The industry representatives also discussed unbundling of KE due in 2023 which was being assumed as a solution to the troubles of Karachi. They said it is the duty of the government to protect the interest of consumers in Karachi.

It was verified from technical consultants that there would still be no impact on any consumer’s bills even if the utility will be unbundled as the Uniform Tariff Policy remains in place across Pakistan to prevent discrimination but with a big risk of contributing to circular debt.

It was also stated that currently there is one company to blame in case of load shedding/faults and once divided, there will be blame game on all provider which will affect stable supply to industries. They urged the federal government to take all seven industrial associations into confidence before taking any decision on KE.

They said they disturbing the sale of KE to Shanghai Electric will ruin the image of the country and that will give a negative message to international investors who are observing the remarkable policies of the government and will drastically affect foreign direct investment.

Tags: K-Electrickcci. k-electricKCCI)trade associations
ShareTweetSendShare
Previous Post

Let’s have a ‘biryani’ break

Next Post

PM in talks with Saudi Arabia, other countries over Chinese vaccine issue: Minister

Related Stories

file photo
Business & Stock

New Suzuki car prices announced after implementation of Budget 2025–26

July 3, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 3, 2025

July 3, 2025
representative image
Business & Stock

Saudi Riyal to PKR rates today- July 3, 2025

July 3, 2025
Image: APP
Business & Stock

PSX continues bullish trend, gains over 800 points in early trading

July 3, 2025
Representative image
Business & Stock

Latest forex rates in Pakistan today- 2 July 2025

July 3, 2025
representative image
Business & Stock

Latest gold prices in Pakistan today- 3 July 2025

July 3, 2025
(Image: Pakwheels)
Business & Stock

Lucky Motor increases prices of KIA-brand vehicles by up to Rs700,000

July 2, 2025
(Representational Image)
Business & Stock

Karachi remains top tax-paying city with 29% growth

July 2, 2025
(File)
Business & Stock

Gold price drops in Pakistan

July 2, 2025
(Image: cpecinfo.com)
Business & Stock

Pakistan’s trade deficit widens to $26.2 billion in FY24-25

July 2, 2025
Next Post
PM in talks with Saudi Arabia, other countries over Chinese vaccine issue: Minister

PM in talks with Saudi Arabia, other countries over Chinese vaccine issue: Minister

Trending Stories

file photo
Transport

Pakistan Railways increases fares following hike in fuel prices

by MM News Staff
July 3, 2025
Image: Facebook
Film & TV

Adult film star Kylie Page dies of suspected drug overdose

by MM News Staff
July 3, 2025
file photo
Business & Stock

New Suzuki car prices announced after implementation of Budget 2025–26

by MM News Staff
July 3, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 3, 2025

by MM News Staff
July 3, 2025
representative image
Business & Stock

Saudi Riyal to PKR rates today- July 3, 2025

by MM News Staff
July 3, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Weather

Heavy rains, flash floods forecast across country during July 6-10

by MM News Staff
July 2, 2025

The Meteorological Department warns of urban flooding, flash floods, and landslides in several regions...

Heatwave. File photo

Europe heatwave claims four lives each in Spain, France

July 2, 2025
File photo

Pakistan flash floods, heavy showers kill 64 in a week

July 2, 2025
(File Photo)

Weather forecast for Karachi today

June 30, 2025
See all

Prices

file photo
Business & Stock

New Suzuki car prices announced after implementation of Budget 2025–26

by MM News Staff
July 3, 2025

Pak Suzuki Motor Company has announced the new prices of all its car models...

representative image

Latest gold prices in Pakistan today- 3 July 2025

July 3, 2025
Online/File photo

NEPRA approves Rs1.15/unit cut in basic electricity tariff

July 2, 2025
(Image: Pakwheels)

Lucky Motor increases prices of KIA-brand vehicles by up to Rs700,000

July 2, 2025
See all

Transport News

file photo
Transport

Pakistan Railways increases fares following hike in fuel prices

by MM News Staff
July 3, 2025

Pakistan Railways has announced a hike in fares for all express, saloon, and shuttle...

file photo

Islamabad Police issue traffic plan for today’s Muharram procession

July 2, 2025
File photo

BRT Peshawar increases bus fares

July 1, 2025
Dubai's flying taxi completes first test flight. (Image: Khaleej Times/: Neeraj Murali)

Dubai successfully tests first flying taxi flight

July 1, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Thought Box
  • Showbiz
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.