Expensive electricity is bankrupting the economy Atif Ikram Sheikh Pipa News

Expensive electricity is bankrupting the economy Atif Ikram Sheikh

Karachi (Commerce Reporter) FPCCI presidential candidate Atif Ikram Sheikh has said that expensive electricity is bankrupting the economy. Expensive electricity is affecting production and exports. Therefore, it is necessary to make electricity cheaper. To increase industrial and agricultural production, electricity should be made cheaper to reduce the cost of public goods and services. In a statement issued here, Atif Ikram Sheikh said that there is a need to develop small power plants and renewable energy in Pakistan like developed countries to solve the energy problem. In a statement issued here, Achaf Ikram Sheikh said that the practice of building large grid stations has ended in developed countries and if the same is done in Pakistan, losses of billions of rupees can be reduced. As of last year, five crore people in Pakistan were without electricity, which number has increased after the floods. We have to depend on petroleum imports for electricity, which costs billions of dollars and also increases pollution. Even now, sixty four percent of the electricity in Pakistan is being generated from imported fuel. Energy policy should be aligned with ground realities so that people get affordable electricity.

Atif Ikram Sheikh

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