Pakistan and Industrial Traders Associations Front appeals to Supreme Court of Pakistan to revamp National Electric Power Regulatory Authority : AsiaNet-Pakistan

Pakistan and Industrial Traders Associations Front appeals to Supreme Court of Pakistan to revamp National Electric Power Regulatory Authority

October 23, 2013 | General Business News | Share:

Lahore, October 23, 2013 (PPI-OT): Pakistan and Industrial Traders Associations Front (PIAF) has appealed to the Supreme Court of Pakistan to revamp National Electric Power Regulatory Authority (NEPRA) as it has failed to protect the consumer’s rights and making hefty increases in the power tariff without taking stakeholders on board.

In a statement issued here Wednesday, The PIAF Chairman Malik Tahir Javed said that NEPRA should be reconstituted by incorporating true representatives of all the stakeholders in its Board.

Chairman PIAF said that the PIAF has been calling for long time now to get the NEPRA revamped but all the times a deaf ear was given to its calling that is always in the national interests. What good one can expect of the persons who have no idea to the ground realities, he added.

While citing an example, Malik Tahir Javed said that the situation has turned so bad that an Industrialist who was used to receive a monthly electricity bill of Rs 1.6 million has received a bill of Rs.2.8 million.

He strongly opposed recent increases in electricity tariff made by NEPRA without keeping in view the challenges being faced by the business community.

He said that repeated increases in electricity tariff will increase pilferage that would further burden the shattering system.

He said that there is no doubt in it that Prime Minister Mian Nawaz Sharif and Chief Minister Punjab Mian Shahbaz Sharif are making out serious efforts to bring country out of mire of crisis but bureaucracy is doing quite different.

Malik Tahir Javed said that how industry would remain competitive in the international market in the presence of such high prices of electricity

The country has already lost number of international markets to China, Bangladesh and India due to high cost of running business and the tariff rise makes Pakistani goods more uncompetitive.

He urged the Supreme Court of Pakistan to revamp NEPRA immediately and direct the concerned authorities to ensure representation of private sector.

For more information, Contact:
Khalil-ur-Rehman
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Lahore, Pakistan
Phone: (92) 42 5123522
Fax: (92) 42 5123522
Email: Info@piaf.pk

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Category: General Business News