Karachi Chamber of Commerce and Industry rejects proposed tariff hike

Published
0
A file photo of electricity transmission cables and towers. — APP/File
A file photo of electricity transmission cables and towers. — APP/File

KARACHI: Trade and industry leaders on Tues­day urged the National Electric Power Regulatory Authority (Nepra) to reject the Rs2.5182 fuel cost hike for July and Rs1.34 per unit quarterly tariff adjustment sought by the power firms, warning that the combined impact could force struggling industries towards closure.

Rejecting the proposed FCA and QTA, Karachi Chamber of Commerce and Industry (KCCI) Pre­sident Rehan Hanif has noted that if both adjustments were approved and applied simultaneously, September electricity bills could carry an additional burden of nearly Rs3.86 per unit, even before taxes.

More alarmingly, the existing negative QTA relief of Rs1.9857 per unit expires after August, while August bills already carry a positive FCA of Rs0.7503 per unit.

Consequently, the shift from August’s net periodic adjustment to the proposed September adjustments could exceed Rs5.09 per unit before taxes, he said in a statement.

“This is not an ordinary tariff adjustment; it is a power-tariff ambush on industry,” he said, adding that at the highest level, Prime Minister Shehbaz Sharif repeatedly speaks of reducing the cost of doing business, reviving industry and accelerating exports, but decisions being taken and implemented at lower levels are moving in exactly the opposite direction and effectively sabotaging the prime minister’s economic vision.

Published in Dawn, August 26th, 2026

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Yemen escalation
Updated 13 Oct, 2026

Yemen escalation

Such an agreement can also help bring peace to Saudi Arabia, while ending Yemen’s humanitarian nightmare.
Inequitable taxation
13 Oct, 2026

Inequitable taxation

FINANCE Minister Muhammad Aurangzeb has once more reviewed the latest incentive scheme to bring retailers into the...
Taxila’s hidden past
13 Oct, 2026

Taxila’s hidden past

A HILL dismissed more than a century ago as an unremarkable heap of ruins has yielded one of Taxila’s most...
Perilous misstep
Updated 12 Oct, 2026

Perilous misstep

If the authorities felt terrorism was increasing in some tribal districts and adjoining areas, they could have limited themselves to imposing a targeted emergency under Article 232.
Import fraud
12 Oct, 2026

Import fraud

THE under-invoicing of imports from China is not an allegation. It is an open secret in Pakistan’s markets — one...
Paralysed prisons
12 Oct, 2026

Paralysed prisons

PAKISTAN’S overcrowded jails distort the intention of imprisonment — rehabilitation, education, and occupational...