Asad Nisar Barkhurdaria, Senior Vice Chairman, Site Association of Industry (SAI) has expressed serious concern over power tariff raise in the head of fuel adjustment charges by National Electric Power Regulatory Authority (NEPRA).
He said that 96 paisa per unit increase in KESC tariff in the head of fuel adjustment charges as announced by NEPRA is detrimental for the industries which survival is already at stake due to continuous increase in power tariff by the government on one pretext or the other. He said that industry is finding it difficult to absorb present rate of power tariff, and added that how it can absorb any furthers increase in it.
Taking a strong exception to the new tariff of KESC applicable from next month he said that industries are already suffering and now with this increase in tariff, industries have reached to the edge of closure and are more likely to be shutdown.
The new tariff rates, allowed by NEPRA, have come at a time when all economic indicators of the country are in the negative. The industries are struggling for survival; the exporters are trying to make the ends meet to face new challenges and competitions through cost-cutting measures. In the backdrop of such a scenario NEPRA should have insisted that KESC must improve its efficiency and cut down its distribution and line losses. Such strong corrective measures can only offset the subsidy that the federal government has withdrawn. Continuous increase in tariff will only promote dissatisfaction, he asserted. Asad Nisar appealed to all the Governmental Authorities to intervene in the matter withdraw the increase of 96 paisa under the head of fuel adjustment charges and save the industrial sector from collapse which cause increase in the cost of doing business in Pakistan.-PR
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