KARACHI: Industrialists have sharply reacted over 16.1 per cent hike in power tariff terming it a cruel act against the national interest.Patron of Korangi Association of Trade and Industry (KATI), S M Muneer, Chairman, Hashim Razzak Paracha and other office bearers in a statement said that government has taken the decision of increasing power tariff under the IMF dictation totally ignoring the plight of the industry and the general masses.
The KATI officials said that the government in addition to 15 per cent raise in power tariff, has announced to adjust another 1.1 per cent increase in the tariff, which is self explanatory that how the present government is democratic and people’s friendly.
Meanwhile, President, Pakistan Businessmen and Intellectuals Forum, Mian Zahid Husain while condemning the power tariff increase from January 1, 2010 and said that present government has totally lost the credibility due to frequent power increase and raise in other utilities’ prices since it has taken over.
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