KARACHI
\nPakistan\u2019s business community leaders on Saturday unanimously demanded of the government for decreasing power rates.
\n\u201cWe have to pay 2,100 billion rupees for capacity charges this year,\u201d the chambers of commerce of Karachi, Lahore, Multan and Faisalabad have said. \u201cEither the government save 240 million people of the country or 42 IPPs,\u201d the chambers officials said while commenting over the inflated power tariffs in the country.
\nSenior Vice President of Faisalabad Chamber of Commerce and Industries (FCCI) Sajjad Arshad said that the traders are not rioters, but the water has now gone above the head. \u201cIf the problem not resolved promptly, it could go beyond the control,\u201d he warned.
\n\u201cThere are 130 independent power producers (IPPs) operating in the country\u201d, he said.
\nLCCI\u2019s Vice President Zafar Mehmood Chaudhry while calling agreements with the IPPs as \u2018cruel\u2019, said that 25% industries have been shut down in two years. The electricity price in the country has been 25 to 30 rupees per unit, he said.
\n\u201cIt is surprising that this big secret that we have to pay 2,100 billion rupees for capacity charges this year, had remained under the carpet till now,\u201d another chamber official Johar Ali said.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI Pakistan\u2019s business community leaders on Saturday unanimously demanded of the government for decreasing power rates. \u201cWe have to pay 2,100 billion rupees for capacity charges this year,\u201d the chambers of commerce of Karachi, Lahore, Multan and Faisalabad have said. \u201cEither the government save 240 million people of the country or 42 IPPs,\u201d the chambers […]<\/p>\n","protected":false},"author":2,"featured_media":416688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-419594","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n