Call to resume subsidy on incremental use of electricity, end to PHL.

KARACHI -- President, SITE Association of Industry Muhammad Kamran Arbi has, in a press statement, drew attention of the government towards high industrial power tariff. He said that the high industrial power tariff is badly hampering industrial production and resulting in decline of exports, says a Press release. Quoting K-E's Annual Report 2023, he said that due to high power tariffs, economic slowdown and low demand, K-E's units sent out dropped by nearly 8%. The drop in energy consumption, due to low demand and high tariffs impacted industrial production leading to a deterioration of exports by 4% ($280mn) during 1Q FY24 compared to last year. "Understanding the gravity of the matter and in a bid to give relief to industries, the government had already allocated a sum of rupees 45 billion as support in the budget on incremental use of electricity, which is still being provided to all industries, except those based in Karachi. This is clear discrimination with Karachi industries", added SITE President.

Similarly, Additional Surcharge PHL is...