Increased Cost of Electricity is quite painful and it has paralyzed the Industry and the Household, equally said ateeq ur rehman.

Karachi – Increased Cost of Electricity is quite painful and it has paralyzed the Industry and the Household, equally said ateeq ur rehman , (economic & financial analyst).

Now, It is an agony and has become almost impossible for a common man to comply with other necessities of a day to day life after paying such hefty Electricity Bills. Also, the Exports, the main source of our Foreign Exchange earnings, collapsed under the power sector’s burden.

Small Scale Industries are almost Dead and SMEs and Cottage Industry  have been forced to close their Units. For years, the devastation is ongoing and it is also leading to the flood of unemployment in the country, said ateeq.

Repeated requests for reduction in high power tariff have been cordoned off, as if it is impossible to provide reasonable energy tariffs at this point of time.   Falling under these circumstances and carrying on without any solutions, we have to look for alternatives. The Renewable Energy Factors through easy Access to Finance by Refinance Schemes has become inevitable”, that means “Electricity within our source and capacity to Pay”.
The much needed stress for “Subsidized Loans to Facilitate the Installation of Solar Power Generation Systems, whether Small or Big” is necessary for survival of household and Industry at the same time.
The Government and the State Bank should allow subsidized and easy loan facilities  everywhere and to everyone for the survival of Household and Industry.