PESHAWAR
\nSarhad Chamber of Commerce and Industry acting President Ijaz Khan Afridi termed frequent increase in power tariff as detrimental for economy, businesses and industrial growth and warned business community will compel in protest if prices will continue to rise.
\nIjaz Afridi said in a statement here on Friday that traders have caught up in issues of a mire owing to implementation of \u2018flawed\u2019 economic policies and a highly strained situation.
\nHe continued to say that the government had added miseries to the traders\u2019 community by additional taxation measures in the financial budget 2023-24.
\nHe asked the government to revise power tariffs immediately.
\nKP is producing electricity low-cost wherein electricity is unavailable to domestic, commercial and industrial consumers despite payment of power bills with heavy taxes, Mr Afridi remarked.
\nHe said after the consistent electricity tariff hike, the cost of industrial production has massively increased which had brought inflation and hit poor people of the country. Also, he added it had been made hard to run businesses and industries after collecting heavy tariffs in power bills.
\nAfridi severely criticized the government for failure in economic revival and alleviating miseries of traders\u2019 community. He said additional taxes worth Rs438billion in FY 2023-24 had been imposed, which was clear evidence of government flopped economic policies.
\nHe said if the government desired to put the national economy on the right track, it should take proactive steps for resolving issues which were being faced by the business community.
\nThe SCCI\u2019s acting chief said the strike call given by the petroleum association was manifestation of weak economic policies and asked the government to accept all genuine demands of the association because the business and industrial activities would be affected by suspension of supply of petroleum products and will also bring negative impacts on the economy.
\nAfridi also expressed concern over the government\u2019s decision to collect Radio fees in power bills.
\nHe said only taxes were imposed while consumers were faced with hour-long electricity loadshedding in Khyber Pakhtunkhwa.
\n\u201cHow the national economy will flourish and how the business community will be prosperous and give a boost to their business and industries in the prevailing circumstances\u201d?
\nThe SCCI\u2019s acting chief asked the government to implement business-friendly policies to lead the country toward sustainable economic growth and development and proactive steps should be taken to resolve business community issues.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR Sarhad Chamber of Commerce and Industry acting President Ijaz Khan Afridi termed frequent increase in power tariff as detrimental for economy, businesses and industrial growth and warned business community will compel in protest if prices will continue to rise. Ijaz Afridi said in a statement here on Friday that traders have caught up in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-344670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n