Businessmen and citizens blast hike in KESC tariff

KARACHI - The business community has robustly condemned the federal government’s decision of allowing the Karachi Electric Supply Company to increase electricity charges according to international furnace oil prices. Businessmen were already suffering a lot, financially and mentally these days, as load-shedding had put a halt to their working ability and further increase in KESC tariff would put more financial pressure on the traders and the other consumers, a number of businessmen told The Nation.

In its meeting on Tuesday in Islamabad, the Economic Coordination Committee of the Cabinet (ECC) had approved a proposal to allow the KESC to pass on the entire impact of hike in furnace oil prices to the consumers that has further annoyed the load-shedding affected people in Karachi.