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 condemns persecution of Yasin Malik by India
- 2 hours ago
Eight Muslim countries welcome UK ban on goods from illegal Israeli settlements
- a day ago
The mystery at the heart of Trump’s trade war
- 16 hours ago
Your food may be safe. Its packaging is another story.
- 16 hours ago
Algeria severs diplomatic ties with UAE over ‘provocative, hostile’ actions
- 5 hours ago
Why Iowa is a state to watch in the midterms
- 16 hours ago
Tongue routs Pakistan as England dominate third Test
- 7 hours ago
Apple debuts passport-shaped foldable phone, called Duo
- a day ago
The Jewish Democrats trying to get to “yes” on Abdul El-Sayed
- a day ago
Polio frontline workers get 28pc stipend increase
- 2 hours ago
The strange grief of not wanting kids
- 7 hours ago
Trump’s Smithsonian vendetta, briefly explained
- 16 hours ago
