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HomeNationalFPCCI warns of countrywide strike over electricity costs

FPCCI warns of countrywide strike over electricity costs

Federation of Pakistan Chamber of Commerce & Industries (FPCCI) President Irfan Iqbal Sheikh on Friday warned that exorbitant, unbearable and unrecoverable raise in the electricity tariffs had forced the business community to go on strike. He expressed these remarks after the feedback from over 250 trade associations and chambers under the umbrella of FPCCI.

“Business, industry and trade community of Pakistan is contemplating to go on strike as the government is not listening to their profound concerns,” Sheikh maintained, demanding the government to immediately take stock of the brewing frustration and impending bankruptcies – and start the much-needed consultative process with the business community. Else, there will be irreversible loss to employment, revenue collection, exports and economic growth. “There is no way the businesses can pay Rs55-60 per kWh or per unit of electricity; when accounted for all billing components, i.e. base tariff, sales tax, income tax, excise duty, fuel adjustment charges (FAC) and fixed charges,” he said and demanded in strongest possible terms that full impact of the increase of PKR. 7.91 / kWh has taken effect as of September 1, 2022; and, now there is no justification left, whatsoever, to keep levying fuel adjustment charges and fixed charges on electricity bills.

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These should be reversed / waived immediately. Sheikh added that the business community was the most peaceful and law-abiding community of the country. They run the economy & the country through generating taxes, employment and economic growth; but, they are being incessantly forced to resort to agitation and strikes. This is the most unfortunate situation of my tenure as the President FPCCI and I request the government to listen to the collective concerns of the business community at the earliest, he added.

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