Pakistan's Industrial Community Criticizes Proposed Power Tariff Hike Amid Economic Struggles
The industrial community in Punjab, Pakistan, particularly the value-added textile export sector, has expressed strong opposition to a proposed increase in base tariffs by power distribution companies such as IESCO, FESCO, and LESCO. Industry leaders argue that the tariff hike is unjustified and detrimental to the already struggling manufacturing sector. They highlight that Pakistan's energy prices are significantly higher than those in neighboring countries like India, China, and Bangladesh, making it difficult for local exporters to compete globally. The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has criticized the government's decision to allow these tariff increases, citing the declining industrial power consumption and the closure of manufacturing units due to high energy costs. Former PHMA Chairman Shehzad Azam Khan and other industry representatives warn that further tariff hikes could lead to more factory closures and a reduction in the country's export base. 
