Dr Saghir Ahmed, the party's senior vice chairperson, said during a press conference at the Karachi Press Club on Tuesday that the K-Electric had made the lives of the city's residents miserable.
"It [the K-Electric] is subjecting citizens to power suspensions that last hours and that too in the intense summer heat while they are fasting," he added.
Ahmed also maintained that the power utility was overcharging consumers.
Karachi hit by major power breakdown
"Citizens are protesting on the streets because apart from the rest of the day, there is no power at iftar and sehri times either," he remarked.
The PSP leader said the authorities must recover the money the K-Electric had "robbed" from over two million consumers under the pretext of service charges and unaccounted for units.
He also implored the federal and provincial governments to announce an outlay of Rs200 billion to improve the city's infrastructure.
"For the past nine years, Karachi has been neglected despite the fact that it generates revenue for the entire country," he said.
Major power breakdown hits Karachi again
'The federal government must announce a Rs100 billion package for Karachi under the NFC Award."
Ahmed said the party did not want to create unnecessary strife with the government and only wanted the citizens of Karachi to be given their rights.
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