Pakistan Business Forum calls for arresting ever increasing electricity prices

Lahore (Muhammad Yasir) Pakistan Business Forum has expressed its strong reservation over the overbilling by the electricity supply companies to the industrial and business consumers making it very hard for them to continue their businesses with mind of peace. Pakistan Business Forum (PBF) Lahore Chapter President Muhammad Ejaz Tanveer in a statement issued here on Thursday alleged that the industrialists in the provincial metropolis and all over the province are receiving bills for even those units which they had not consumed. He claimed that such bills are being issued to businesses which do not tally with the units appeared on their meters. Electricity supply companies are already providing very expensive electricity coupled with the heavy burden of Fuel Adjust Charges (FCA) and other taxes. Our industries are finding it very hard to pitch their products in price range which fits to the pocket of the domestic consumers due to higher input cost. Similarly, it is also rendering our industry incompetitive in the international market. Pakistan is in real need of foreign exchange to help stabilize its deteriorating economy and in such a situation, industries whether they are export oriented or export-substituted, should be given support to continue their activities creating job opportunities as well as keep the business wheel moving. This will generate revenue for the government as well as bringing hustle bustle to the business sector. Muhammad Ejaz Tanveer appealed to the government to look in to the matter and direct the electricity supply companies to avoid over-charging, over-billing and fleecing the electricity consumers in the larger interest of business sector, consumers and the government itself.