President SITE Association of Industry lodges strong protest over prolonged load shedding - Press Release issued by S.I.T.E. Association of Industry.

Karachi -- July 06, 2020 (PPI-OT)

Following is the text of press release issued by S.I.T.E. Association of Industry

Quote

President of SITE Association of Industry Suleman Chawla, in a press statement, has lodged a strong protest over prolonged load shedding and allowing K-Electric to charge quarterly Fuel Cost Adjustment of 2.89 rupees per unit. He has questioned the Economic Coordination Committee to clarify who is dearer to them: K-Electric or trade and Industry.

Criticizing the decision of the ECC, Chawla said that general public, as well as the business and industrial community, was of the view that K-Electric will be lashed out by the government for prolonged load shedding, not keeping the promises made and failing to produce required electricity, but contrary to it, the federal government has 'rewarded' K-Electric by allowing to collect FCA @ 2.89 per unit from Karachiites which is quite surprising.

"Business and industrial community will continue to protest and raise voice against all the wrongdoings of K-Electric", he added. Chawla further said that Corona pandemic has deadly effects trade and industrial activities of Karachi. The business and industrial community is still facing great difficulties in normalizing their businesses and in this scenario, making electricity costlier and allowing K-Electric to produce less electricity due to furnace oil issue, will mean nothing but a move to totally destroy industries.

President SITE Association said that unannounced load shedding is being carried out in all parts of...