Power tariffs make it difficult for people to live businesses to operate: Mian Zahid Hussain.

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Chairman of FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday that the increase in basic electricity tariff and fixed charges is unbearable for public and businesses. He said that due to the continuous increase in the price of electricity, people’s livelihoods and the rights of traders and industrialists to do business are being taken away.

Mian Zahid Hussain asked how the government would collect taxes when the economy doesn’t work.

Talking to the business community, the veteran business leader said that business expansion, investment, reduction in unemployment, inflation, and tax targets will fail miserably due to the government’s policies.

He said the government did not consult the businessmen and industrialists before preparing the budget, which is a recipe for economic disaster.

The business leader noted that petroleum dealers are on strike. In contrast, oil marketing companies, alternative medicine, exporters, gems and jewellery, salaried employees, the lubricant industry, construction, real estate, and other business sectors are protesting.

Mian Zahid Hussain said that people are fed up with inflation and don’t have money to pay utility bills. Pressure is increasing on the people, while those from whom taxes should be collected are not even being considered, which is the worst exploitation. He added that since the tax defaulters, tax evaders, electricity thieves, and failed government institutions have been given an open exemption, all the burden of their luxury is falling on the taxpayers and the people.

Mian Zahid Hussain said the government has increased the basic electricity tariff by Rs 5.72 per unit. The basic tariff per unit of electricity for domestic consumers has been set at Rs 48.84 paisa, which will increase from Rs 65 per unit due to adjustments and other taxes, which will put an additional burden of about Rs 600 billion on consumers.

He further said that the increased fixed electricity charges for various categories have also been approved. A 150% increase in monthly fixed charges for commercial customers has been approved, after which the fixed charges will increase from Rs 500 to Rs 1250.

On the other hand, the monthly fixed charges for industrial customers have been increased from Rs 440 to Rs 1250. Similarly, a 100% increase in monthly fixed charges for agricultural tubewell consumers has been approved. It will be increased from Rs.200 to Rs.400.

 
 


 

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