KARACHI-Sindh Commerce Minister Muhammad Younus Dagha has said the Karachiites pay at least Rs3 to Rs5 per unit extra to K-Electric on account of fuel cost adjustment (FCA) every month as compared to other distribution companies (Discos) because of KE’s obsolete power generation plants which need to be unbundled. He advised the business and industrial community to approach the IMF’s Islamabad Office and also submitted their reservations about the misrepresentation of the incremental consumption case. He said worldwide gas tariff for industries is subsidised while the residential consumers are subjected to higher costs but unfortunately in Pakistan, the industries are subsidising all other sectors which is purely against international best practices. Cross-subsidisation by raising tariffs for industries and keeping them down for others is not a wise move. Industries should only be burdened with gas costs while cross-subsidy should not be applied to industries, he said.

Source: Daily Nation November 16, 2023 22:29 UTC