KARACHI: The Federa­tion of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday expre­ssed serious concerns over the per unit increase in electricity rates.

Condemning the government’s move, the apex chamber said the increase was being done to meet the conditions of the International Monetary Fund.

FPCCI president Nasser Hyatt Maggo rejected the increase in power prices along with the periodic hike in rates of petroleum products. He said the increase in power and fuel prices will increase the cost of production for the industrial section which in turn will impact the ease of doing business and exports. This will ultimately hit the economy as envisioned by the Prime Minister, the FPCCI chief maintained.

Published in Dawn, March 27th, 2021