Karachi, October 15, 2013 (PPI-OT): Former President FPCCI and Parton-in-Chief KATI Mr.S.M.Muneer,President All Karachi Industrial Alliance Mian Zahid Hussain and KATI President Syed Farukh Mazher has shown their serious concern on once again the increase in prices of electricity they said that NEPRA and OGRA already drop the petrol and Electricity bombs in the shape of inflation on the industry and poor nation,day to day increase in cost of production in would become very difficult to compete in the foreign markets.
They urged the government to review its decision in the large interests of the country in general and for the sake of industry and economy in particular Mr. S. M. Muneer showed his concern on rise in electricity prices and said that it would make our products uncompetitive and India, China, Bangladesh would take benefit and garb textile markets.
He said that Prime Minister Mian Nawaz Sharif should review the increase in Electricity, Gas and Petroleum prices on priority basis so that relief will be given to industry and people.
Mian Zahid Hussain said that government should consider taking back the recent price hike in electricity so that economic activities should grow and we can able to earn foreign exchange.
He said that we should avoid the theft of electricity and ensure the distribution of energy saver to save the energy. He further said that entire industrial sector was already facing multiple internal and external challenges and the recent increase would further aggravate the economic situation.
KATI President Syed Farukh Mazher said that there will be negative effect due to increase of Electricity prices and due to this step industrial and commercial activities will be badly affected. Due to increase electricity prices cost of living will also be increased. He further said that to make room of energy prices we should use new resources for producing electricity. Cheap electricity will be produced from coal and solar energy.
He said that the gas,Elctricity and Petroleum prices rise will add to the misery of the people already overburdened by escalating price hike consumer and other items who are already panting under dearth of essential commodities,high unemployment, unprecedented price hike, virtually no healthcare, fragile education system and law and order.
For more information, contact:
Press Secretary KATI
Korangi Association of Trade and Industry (KATI)
ST-4/2, Sector 23, Korangi Industrial Area,
Tel: +9221 3506 1211 -2
Cell: +92346 2012346
Fax: +9221 3506 1215
Category: General Business News