Lahore Chamber: Power tariff increase proposal opposed

LCCI strongly criticised the move to jack up power tariff by 38% (Rs3.06 per unit).

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI), while strongly criticising the move to jack up power tariff by 38% (Rs3.06 per unit), has urged the government to avoid this devastating and irrational move as it would not only destroy the already crisis-hit industrial sector but would also put an extra burden on trade.  In a statement issued on Monday, LCCI President Irfan Qaiser Sheikh said that it was quite alarming that only last month an increase of 22 per cent was made in electricity tariffs, which had failed to decrease the ever increasing gap between the cost of power generation and revenue collected. He said that repeated irrational increases in power tariff are not the solution to the power sector problems.

Published in The Express Tribune, September 27^th, 2011.