BAFL 45.20 Increased By ▲ 0.10 (0.22%)
BIPL 20.24 Decreased By ▼ -0.01 (-0.05%)
BOP 5.37 Decreased By ▼ -0.03 (-0.56%)
CNERGY 4.58 Increased By ▲ 0.05 (1.1%)
DFML 16.33 Increased By ▲ 0.65 (4.15%)
DGKC 75.25 Increased By ▲ 2.37 (3.25%)
FABL 27.50 Increased By ▲ 0.35 (1.29%)
FCCL 18.65 Increased By ▲ 1.00 (5.67%)
FFL 8.99 Decreased By ▼ -0.10 (-1.1%)
GGL 12.85 Increased By ▲ 0.21 (1.66%)
HBL 110.70 Increased By ▲ 0.04 (0.04%)
HUBC 121.50 Decreased By ▼ -0.02 (-0.02%)
HUMNL 7.60 Increased By ▲ 0.25 (3.4%)
KEL 3.35 Increased By ▲ 0.12 (3.72%)
LOTCHEM 27.82 Increased By ▲ 0.50 (1.83%)
MLCF 40.89 Increased By ▲ 1.56 (3.97%)
OGDC 109.22 Increased By ▲ 1.22 (1.13%)
PAEL 18.89 Increased By ▲ 1.33 (7.57%)
PIBTL 5.50 Increased By ▲ 0.04 (0.73%)
PIOC 110.15 Increased By ▲ 2.15 (1.99%)
PPL 92.45 Increased By ▲ 0.70 (0.76%)
PRL 25.15 Increased By ▲ 0.27 (1.09%)
SILK 1.10 Increased By ▲ 0.02 (1.85%)
SNGP 63.38 Increased By ▲ 0.28 (0.44%)
SSGC 11.98 Increased By ▲ 0.09 (0.76%)
TELE 8.33 Increased By ▲ 0.14 (1.71%)
TPLP 13.48 Increased By ▲ 0.37 (2.82%)
TRG 83.11 Increased By ▲ 1.50 (1.84%)
UNITY 26.00 Increased By ▲ 0.25 (0.97%)
WTL 1.57 Increased By ▲ 0.05 (3.29%)
BR100 6,236 Increased By 55.4 (0.9%)
BR30 21,703 Increased By 163.7 (0.76%)
KSE100 61,074 Increased By 542.6 (0.9%)
KSE30 20,372 Increased By 183.6 (0.91%)

KARACHI: Jamaat-e-Islami on Tuesday announced to speed up its anti-inflation drive to force the caretaker rule to scale back the fresh hike in petroleum and power prices, seeking the public support as well.

JI Karachi Chief Engr Naeemur Rehman announced during a press conference at Idara Noor-e-Haq that the JI is also holding protest demonstrations over 1000 different points across Karachi on Wednesday. He said that the protests are part of the anti-inflation drive to press the caretaker government to withdraw the fuel oil and electricity prices hike. He said that people from all walks of life will be part of its protests.

The JI will also observe a strike across the country on September 2, 2023. He said that his party’s women wing is also holding a “historical” march on Thursday to resent the soaring prices of electricity.

Citing the court orders and NEPRA’s decision, he said that it is “obligatory” for the caretaker government to refrain the KE “mafia” from cutting off the consumers electricity connections.

He blamed the rising inflation responsible for the suicide trend amongst the poor in the society, saying that the underprivileged class struggles as helpless. The JI leader also accused the caretaker rule of facilitating the “inhuman policies” which its predecessor - the PDM coalition government had framed for the nation.

He said that the incumbent ruling setup cannot distance itself from the policies of its predecessor and called it a “continuation” of the PDM government. “The caretaker prime minister has no right to govern if he is able to increase inflation by raising fuel oil prices but remains unable to reduce unbearable taxes and tariffs,” Hafiz Naeem said.

The power generation cost is not more than Rs6.73 per unit; he said and termed the electricity tariff hike to Rs23 a unit as result of the “corrupt” rule in the past.

He also termed the KE is a “white collar mafia” that has been imposed on Karachi and its citizens. “Its license is not revoked despite being a defaulter of Rs662 billion to the national grid, Rs177 billion to the SSGC and over Rs50 billion to consumers in the name of claw back,” he said.

Copyright Business Recorder, 2023

Comments

Comments are closed.

JI to step up anti-inflation campaign

Govt embarks on restructuring PIA, PSM, railways

Intra-day update: rupee registers minor gain against US dollar

Once in every 5 years: Govt would be required to design ‘SOEs policy’

GDP likely to decrease due to climate challenges: World Bank

Jul-Nov collection exceeds target

Oil prices set for sixth straight weekly fall as OPEC+ cuts underwhelm

Pakistan’s Interloop Limited completes equity stake in USA’s Top Circle Hosiery Mills

MoF says PD may ink TDS deal with KE

Gas tariff hike: Karachi industrialists announce shutdown

LHC, too, suspends SRO about tax on banks’ windfall income