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.
Pakistan vigorously working on economic reform agenda, PM tells WB chief
- 8 hours ago
Fire breaks out at mobile market in Karachi’s Saddar
- 3 hours ago
Oracle shares fall as investors assess up to $50 billion AI funding plan
- 5 hours ago
Field Marshal vows to strengthen Pakistan-Libya relations
- 2 hours ago
Rose breaks 36-hole Torrey Pines mark, up 4 shots
- 18 hours ago
Gold prices continue to drop in Pakistan, global markets
- 10 hours ago
PM urges KP govt to fulfill its responsibilities for law and order, health, education sectors
- 9 hours ago
Security forces kill 22 more terrorists during pursuit operations in Balochistan: sources
- 8 hours ago
Security forces committed to eliminate anti-Pakistan proxies: Attaullah Tarar
- a day ago
Iranian president orders start of talks with US: local media
- 6 hours ago
Pakistan team departs for Sri Lanka for T20 World Cup
- 6 hours ago
Israel reopens Gaza’s Rafah border crossing to Egypt, with limits
- 9 hours ago
