Owner says step taken in the interest of national welfare and consumer affordability
Karachi: Asia Pak Investment Chairman Shehryar announced reduction of electricity prices from one of the Independent Power Producer.
This was announced during a press conference in Karachi on Wednesday.
Shehryar Chishti explained that the price cut was made because consumers are struggling to afford electricity.
He noted that the power situation in the country has worsened and that electricity prices should be reduced.
Shehryar Chishti emphasized that, in the interest of national welfare and consumer affordability, electricity prices need to be lowered.
He pointed out that in 2021, all IPPs had reduced the rate of return by 11%, and similar reductions in electricity prices should be implemented again.
On occasion another IPP CEO Imran Khan stated that the return on equity will be voluntarily reduced from 18 percent to 10 percent.
Senate passes resolution rejecting Israeli statement, reaffirms support for Palestine
- 13 hours ago
Imran Khan’s sister Noreen Niazi injured after falling into under-construction sewer line
- 12 hours ago
Six cops including DSP martyred in Kohat attack
- 12 hours ago
Gold prices continue to surge in Pakistan, global markets
- 12 hours ago
Pakistan, Qatar vow to further strengthen strategic partnership
- 5 hours ago
England defeat Pakistan by 2 wickets and reach T20 World Cup semi finals
- 5 hours ago
Security forces kill four terrorists in DI Khan IBO: ISPR
- 12 hours ago
Pakistan set 165-run target for England in Super 8 clash
- 7 hours ago
The Pixel 10A and Soundcore Space One are just two of the best deals this week
- 14 hours ago
Pakistan, Qatar review trade & economic cooperation
- 8 hours ago
Met office forecasts dry weather in most parts of country
- 12 hours ago
USS Gerald Ford, world’s largest aircraft carrier, at US base on Crete
- 8 hours ago
