Despite strong opposition from consumers, the power division and the power regulator did not budge from increasing national uniform electricity tariff by up to 26pc (Rs7.5 per unit) with effect from July 1, 2023 as committed to the International Monetary Fund (IMF).
At a public hearing presided over by National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H. Farooqui, trade and industrial bodies, mostly from Karachi, protested over such a massive price hike, saying the industry was already at its last leg of survival and the additional burden would lead to closure of businesses, wipe out export market as products become uncompetitive and add to the employment losses.
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