Reversal of power tariff hike demanded

Power Tariff

Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said a fifteen percent hike in power tariff will burden masses by over 200 billion rupees.

The decision should be reversed as it will hit economic activities and erode the confidence of the investors, he said.

Mian Zahid Hussain said that the government should not have increased power tariff to revive the power sector but tried to reduce losses, theft and improve recoveries.

Talking to the business community, the veteran business leader said that masses and economy cannot afford the recent hike in power tariff as it will increase inflation by two percent and hit agricultural and industrial production.