The Pakistan Industrial and Traders Association Front (PIAF) while appreciating the National Electric Power Regulatory Authority for decreasing electricity price by Rs 1.90 per unit on account of fuel adjustment has urged the Authority to cut the electricity rate on permanent basis. PIAF chairman Irfan Iqbal Sheikh in a statement on Wednesday said that production of hydel power has been increased while furnace oil price is constantly declining in the international markets.

The Authority, therefore, should not restrict the relief to one month only rather it should make decrease in the power tariff on permanent basis, he added. He said the electricity price in Pakistan is already on the higher side which is the main source of price-hike in the country. He said provision of cheap electricity will help reduce production cost which would provide relief to the public.

Copyright Business Recorder, 2017