Reality beyond your imagination

Pakistan Industrial and Traders Association Front (PITAF) and leaders of business community criticised the proposed 11 to 14 percent increase in gas tariff and 31 percent increase in the hydel-electricity. They urged the Prime Minister Syed Yousaf Raza Gaillani to reject the OGRA and NEPRA anti-industry summaries in the larger interest of the country. PIAF Chairman Sohail Lashari, Chairman Lahore Township Industries Association Haroon Shafiq Chaudhry and Chairman Auto Parts Manufacturers and Exporters Association Tahir Javed Malik said massive increase in one-go in the electricity tariff and gas prices was not only anti-industry but anti-masses as would be last nail in the coffin of economy.

They said Lahore High Court has stopped the recent hike in the electricity prices in the name of fuel adjustment and now NEPRA has planned to snatch huge money by making massive increase of 31 percent in the prices of electricity being generated through hydel resources. They said implementation of the proposals would accelerate the capital flying that would break the backbone of the economy. They said huge capital worth Rs 180 billion has already been shifted to only Malaysia during the last eight years.