ISLAMABAD, August 15 (Online Int’l): Former President ICCI Shahid Rasheed Butt on Saturday said the business community of Pakistan unconditionally supports steps taken by Prime Minister Imran Khan to reduce the tariff of electricity.
The government has successfully negotiated a reduction in the price of electricity by many IPPs and Wind Power Projects which will give relief to the masses and business community, he said. Shahid Rasheed Butt said that reduced tariff of electricity will trigger production, employment, exports and revenue. He said that former governments promoted crooked businessmen in the name of bridging the power shortfall and entered into highly controversial agreements which damaged the economy and eroded the buying power of masses.
Now the incumbent government is reversing the shady deals finalized under the 2002 Power Policy but it should also look into other projects finalized under other power policies and special arrangements as their tariff is very high.
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