Karachi: The Korangi Association of Trade and Industry (Kati) has raised concerns over the delay in the release of a 33 billion rupee electricity subsidy promised to Karachi’s industrialists. Kati’s President, Johar Kandhari, expressed dissatisfaction with the government’s response to the demands of the local industrial sector, highlighting the increasing financial pressures faced by businesses due to high electricity costs.

According to Korangi Association of Trade and Industry, President Kandhari stated that there has been no progress on the government’s part to fulfill its commitment to the subsidy, which is intended to alleviate some of the economic strain on Karachi’s industrialists. Despite various temporary measures taken by federal and provincial governments to address the broader issues of electricity supply and pricing, there seems to be no permanent solution in sight that directly supports the industrial community in Karachi.

President Kandhari warned that the continued neglect could lead to dire economic consequences, including the potential closure of numerous industries, escalating unemployment, and negative impacts on Pakistan’s economy. He urged the government to resolve the pending issues with K Electric promptly and release the promised funds to provide immediate relief to the beleaguered industrial sector.