Karachi – The Hike in Energy Rates is the biggest fear of the Economy for our country. We are the highest tax paid energy consumers in the world. The already raised enormous electricity tariffs are a great burden on Industry and Household, further raise will become extra ordinary load on electricity consumers said ateeq ur rehman economic & financial analyst.
Fully endorsing the concerns of Mr. Tariq Muhammad Yousuf, President KCCI, “FCA is also part of the electricity tariff but it seems that the public is being put in double jeopardy by applying increase in FCA separately along with hike electricity base tariff under IMF’s agreement”.
Raise in Electricity Tariff will increase the “cost of production and cost of doing business”. We are gradually running out of international competition due to the higher cost of electricity. Eventually our exports are going down day by day , which is not a good sign for the national economy, added ateeq.
Further the common man is under pressure from the impact of electricity cost, which has made his living significantly impossible. In majority of the cases the electricity bill is more than their salaries.
Government has to protect everyone to have control over economic resources, thus electricity rates should be brought down to ease the household, promote industrialization and growth of SMEs.
