AIRLINK 75.89 Increased By ▲ 0.46 (0.61%)
BOP 5.11 Increased By ▲ 0.04 (0.79%)
CNERGY 4.64 Decreased By ▼ -0.11 (-2.32%)
DFML 32.53 Increased By ▲ 2.43 (8.07%)
DGKC 88.70 Decreased By ▼ -1.78 (-1.97%)
FCCL 22.75 Decreased By ▼ -0.15 (-0.66%)
FFBL 33.30 Increased By ▲ 0.35 (1.06%)
FFL 10.06 Increased By ▲ 0.01 (0.1%)
GGL 11.15 Decreased By ▼ -0.19 (-1.68%)
HBL 114.60 Increased By ▲ 1.11 (0.98%)
HUBC 137.35 Increased By ▲ 0.84 (0.62%)
HUMNL 9.56 Decreased By ▼ -0.34 (-3.43%)
KEL 4.65 Decreased By ▼ -0.01 (-0.21%)
KOSM 4.71 Increased By ▲ 0.02 (0.43%)
MLCF 40.33 Decreased By ▼ -0.77 (-1.87%)
OGDC 137.40 Increased By ▲ 2.60 (1.93%)
PAEL 27.85 Increased By ▲ 0.24 (0.87%)
PIAA 24.60 Decreased By ▼ -0.87 (-3.42%)
PIBTL 6.90 Decreased By ▼ -0.02 (-0.29%)
PPL 125.20 Increased By ▲ 0.75 (0.6%)
PRL 27.50 Increased By ▲ 0.10 (0.36%)
PTC 14.23 Decreased By ▼ -0.27 (-1.86%)
SEARL 61.50 Increased By ▲ 1.30 (2.16%)
SNGP 73.10 Increased By ▲ 2.55 (3.61%)
SSGC 10.61 Increased By ▲ 0.05 (0.47%)
TELE 8.79 Decreased By ▼ -0.10 (-1.12%)
TPLP 11.81 Increased By ▲ 0.03 (0.25%)
TRG 66.99 Decreased By ▼ -0.67 (-0.99%)
UNITY 25.17 No Change ▼ 0.00 (0%)
WTL 1.45 Decreased By ▼ -0.03 (-2.03%)
BR100 7,790 Increased By 65.3 (0.84%)
BR30 25,728 Increased By 126.8 (0.5%)
KSE100 74,447 Increased By 647.5 (0.88%)
KSE30 23,912 Increased By 288.5 (1.22%)

Pakistan Tehreek Insaf MPA, Haleem Adil Sheikh has said that Prime Minister Imran Khan is well aware of issues and problems being faced by industrialists of Karachi, especially in the present economic scenario and eager to resolve them.

In a meeting with industrialists at Korangi Association of Trade and Industry (KATI), Sheikh said that issue of ISPA will be taken on priority and during a meeting with Umer Ayub, Federal Minister for Power and Petroleum, who was on telephone assured that the PTI government fully supports the stance of business community on ISPA issue and said that this amount should not be charged and termed it "unjustified and uncalled for".

The PTI lawmaker even contacted Chairman Nepra on phone and President KATI Sheikh Umer Rehan briefed the head of regulatory body regarding the industry's concerns over ISPA charges in KE bills.

The chairman responded that the matter is not in his knowledge and nobody contacted him in this regard. Rehan said that KATI would provide all the details to Nepra.

Halim further assured KATI that local representatives of the PTI will help industrialists of Karachi in taking up their matters to the ministries concerned for early resolution.

Earlier, Sheikh Umer Rehan, President KATI while briefing the PTI leader about the industry issues, said that due to Coronavirus the industry is facing acute problem of cash flow as orders could not be timely executed, he further said that imposing of ISPA charges by K-Electric from July to December 2019 is uncalled for as the industry is not in a position to bear it.

He demanded the federal government to take notice of it and stop the KE from collecting these charges. The KE is also not giving any relaxation to the Industrial sector, he added.

He was of the view that KE is a monopolistic institution and for a fair competition government should consider bringing other distribution and power generation companies for Karachi.

Sheikh Umer Rehan said that Karachi is contributing more than 65% of total revenue of the country, but it is pity that due importance was not given to this city which it deserves.

He showed his concern that even PTI government is not playing its due role, in spite having big representation from Karachi. The meeting was attended by Abdul Haseeb Khan, Mohammad Zubair Chhaya, Samir Mir Sheikh, Syed Wajid Hussain, Masood Naqi, Rashid Ahmed Siddiqui and Ehtesham Uddin.

Copyright Business Recorder, 2020

Comments

Comments are closed.