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.
Spice Girls' debut song 'Wannabe' turns 30 amid reunion talk
- 2 hours ago
The Fitbit Air takes a smarter approach to the AI health dumpster fire
- 15 hours ago
9th Muharram-ul-Haraam being observed today; Youm-e-Ashur to be observed on Friday
- 2 hours ago
Argentina sings collective happy birthday to Messi
- 2 hours ago
Patreon CEO Jack Conte on supporting artists in the AI slop era
- 15 hours ago
Meta’s smart glasses now have a dedicated charging stand
- 15 hours ago
Who gave AI companies the right to build the future?
- 13 hours ago
The fall of Britain’s prime minister is a warning for America
- 13 hours ago
The shallow authoritarianism of Trump’s Reflecting Pool
- 4 hours ago
Two major earthquakes strike Venezuela, death toll likely to reach thousands
- 2 hours ago
My go-to Kindle is back at its best price yet for Prime Day
- 6 hours ago
Sony’s AI Camera Assistant is exactly as bad as it looks
- 15 hours ago
