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Pak industrialists oppose rise in energy tariff

Pak industrialists oppose rise in energy tariff Pak industrialists oppose rise in energy tariff Last Updated: Mon, Apr 5th, 2021, 16:25:07hrs Karachi [Pakistan], April 5 (ANI): Pakistan industrialists on Sunday opposed the anticipated increase of Rs 5.36 per unit in base electricity tariff. Resenting frequent hikes in the power tariff that would strike a blow to the industry, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former president Mian Anjum Nisar said it would turn Pakistani products uncompetitive in the international market, reported The Express Tribune. According to a statement issued on Saturday, he termed it unfortunate that the average electricity uniform rate would gradually rise to Rs 21.04 per unit and that too after excluding taxes, duties and surcharges.

Pakistan industrialists oppose rise in energy tariff

Story highlights Pakistan has been facing severe power shortage and blackouts amid surging power prices that have broken the backbone of industries badly affected by COVID-19 Pakistan industrialists on Sunday opposed the anticipated increase of Rs 5.36 per unit in base electricity tariff.Resenting frequent hikes in the power tariff that would strike a blow to the industry, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former president Mian Anjum Nisar said it would turn Pakistani products uncompetitive in the international market, reported The Express Tribune. According to a statement issued on Saturday, he termed it unfortunate that the average electricity uniform rate would gradually rise to Rs 21.04 per unit and that too after excluding taxes, duties and surcharges.The cumulative impact of the rebasing in July 2021 has been worked out at a burden of Rs 414 billion on the power consumers, said Pakistan Industrial and Traders Associations Front (PIAF) Chairman

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