AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,941 Increased By 103.5 (1.32%)
BR30 25,648 Increased By 196 (0.77%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)

KARACHI: In response to a contentious proposal for yet another increase in the electricity prices, traders are staging a protest outside the Nepra office in the city's Bahadurabad area on Friday.

"Traders showed anger over a proposition to give further rise to power tariffs by Rs10.35 a unit," President All Pakistan Organization of Small Traders and Cottage Industry - Karachi chapter, Mehmood Hamid said.

He said that the government's move to seek approval from the Nepra for increasing the K-Electric tariffs for electricity is "shameful".

The higher power tariffs have already ravaged the nation's power to pay off bills, he said and warned that the country has already jolted by a fresh wave of suicides amid ever rising inflation.

"Against this move, we are going to stage a sit-in protest near Bahadurabad roundabout at Nepra office on Friday," he said and called the fresh hike in power rates to benefit K-Electric a "brazen" plan.

The higher power and fuel oil prices have created a discontent among the public and traders, divesting them of business growth and giving an unbearable inflation, he said.

The nation is continuously protesting against the soaring inflation with holding two shutter-down strikes as a protest against the government's economic policies, Mehmood Hamid said.

"Despite two strikes against power and fuel oil prices hike, the government made no response to the clamouring nation to address their problems," he criticized.

As per the pledge, the interim prime minister should announce reduction in petroleum and electricity prices immediately, he demanded.

Copyright Business Recorder, 2023

Comments

Comments are closed.