Industries concerned over proposal to increase power and gas tariff.

KARACHI -- SITE industrialists have been concerned over proposals to increase Power and Gas tariff and appeal to Prime Minister Imran Khan to consider not increasing the utilities tariff in the view of ongoing financial crises due to COVID-19 pandemic, so that the industrial production activities can continue uninterrupted.

A meeting of industrialists was held at the SITE Association of Industry to deliberate upon the press conference held by the federal information Minister and Special Assistant to the PM on petroleum.

The meeting was attended by Zubair Motiwala, Patron SITE Association of Industry, Abdul Hadi, President SITE, former presidents Jawed Bilwani and Saleem Parekh.

SITE industrialist reminded Prime Minister Imran Khan that the policy which they want to adopt is basically briefed by the concerned ministry that it is inevitable to enhance tariff in order to bring circular debt at zero level.

They appealed to the PM that all the briefing which he has received doesn't declare the reason for accumulation of circular debt with regard to gas circular...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT