In order to save businesses, export production, and the livelihoods of millions of people, representatives of eight trade and industrialist associations held a joint press conference on Sunday at the Karachi Press Club. They urged the government to act quickly to ensure that industries in Karachi have access to affordable electricity.
The associations urged the federal government to direct the Sui Southern Gas Company (SSGC) to supply domestic gas to K-Electric (KE) at rates authorized by the Oil and Gas Regulatory Authority (OGRA) and to make sure that the natural gas allocation policy adhered to both literally and figuratively.
They believed that millions of people living in Karachi were being unfairly and discriminated treated, which could have a negative impact on the economy and the vast population of the nation.
Both Karachi’s common people and industrialists are finding it more and more difficult to afford electricity. If this inequality is not addressed, it is feared that the deteriorating situation may result in unemployment, which could spark social unrest throughout the city.
Federal B Area Association of Trade and Industry
Bin Qasim Association of Trade and Industry, Surjani Association of Trade and Industry, Pakistan Association of Large Steel Producers, Pakistan Association of Automotive Parts and Accessories Manufacturers, Pakistan Tanners Association, All Karachi Ice Factories Welfare Association, and Sind Paper Mill Forum were among the associations with representatives in attendance.
It was emphasized during the press conference that starting in September 2021, KE will start adding significant Fuel Charges Adjustments (FCA) to the monthly bills of industrial and residential customers. The FCA is a pass-through expense that is paid for by end-users throughout the city and takes variable fuel prices into account.
