Korangi Association of Trade & Industry (KATI) has demanded to reverse the decision of price hike in electricity tariffs. In a statement released by KATI President Saleem-uz-Zaman, Senior Vice President Zaki Sharif and Vice President Nighat Awan have urged the PM Khan to immediately take notice of the recent decision of electricity price hike and to review the policy for the sake of industrial and exports prosperity of the country.

President KATI Saleem-uz-Zaman said that while the industrial sector has already grave concerns over higher rates of energy, petroleum and other commodities, this new decision of increasing electricity would be a significant setback for the industrial production which already have been suffering the brunt of Covid pandemic crisis. He mentioned that the industry was buying the most expensive electricity in the region, due to this, competitiveness is being already compromised in the exports market. He said that another increase in electricity tariffs would limit our prospects in international exports. President KATI told that we could never meet our exports targets with this situation, which has become a question of survival for our economy.

He recalled that PM Imran Khan always supports the idea of the lower cost of production and increase in exports, “higher prices of electricity will adversely affect in this regard” he added. He further said that PM Khan should take immediate notice of the decision and provide relief to industry and domestic consumers.