The Korangi Association of Trade and Industry (KATI) has welcomed the announcement of electricity rates being fixed at Rs. 38 per unit (including all taxes) for Karachi’s industrial sector for the month of May 2025. President of KATI, Junaid Naqi, termed this decision a much-needed relief for industries burdened by high production costs.
Junaid Naqi expressed special gratitude to Prime Minister Shehbaz Sharif for maintaining his government’s pro-industry stance and ensuring the availability of affordable energy. He also thanked Federal Minister for Energy Awais Leghari for playing a pivotal role in energy sector reforms and facilitating the supply of electricity from the national grid to Karachi.
He acknowledged the important contributions of the Special Investment Facilitation Council (SIFC), the Energy Taskforce, and NEPRA, whose collaborative efforts made it possible to implement policies that helped bring down electricity costs for the productive sectors.
The KATI President also appreciated the leadership of K-Electric CEO, Moonis Alvi, and his engineering teams for completing the interconnection with NTDC, which has enabled the supply of 1,600 MW of cheaper national grid electricity to Karachi. This has resulted in a significant reduction in fuel cost adjustments, directly benefiting the industrial sector.
However, Naqi raised concerns over the delay in the transmission of an additional 400 MW of electricity by NTDC, calling on authorities to expedite the completion of this segment to fully realize the benefits of the interconnection for Karachi’s industries.
He further voiced strong support for K-Electric’s proposed 640 MW solar power projects, which are expected to supply clean energy at just Rs. 10 per unit. According to Naqi, this initiative will reduce production costs, lessen reliance on expensive imported fuels, and help ease the national subsidy burden.
Highlighting another critical issue, Naqi pointed out that the incremental power subsidy promised to industries during the COVID-19 period has still not been disbursed. He urged the federal government to immediately release these overdue funds and appealed to NEPRA to reconcile the pending amounts without further delay.
Reaffirming KATI’s commitment to supporting all stakeholders, Junaid Naqi concluded by stating that the association will continue working toward ensuring affordable, reliable, and sustainable energy for Karachi’s industries — the backbone of Pakistan’s economy.
