JI terms KE's expected Rs40b profit extortion money

KARACHI - Jamaat-e-Islami Karachi Chief Hafiz Naeemur Rehman wrote a letter to the Nepra, requesting it to allow the JI to become a party during public hearings with regard to unfair practices of the K-Electric. In the letter, the JI leader wrote that the Nepra had introduced an electricity tariff in 2002 which will end in 2016. He was of the view that keeping in view the reduced prices of furnace oil, reduction in the employees of the KE from 17,439 to 10,000, while the increase in the consumers from 180,0000 to 250,0000, the tariff should be reduced so as to facilitate the dwellers of Karachi. In his application, he said that the expected profit of Rs40 billion of the KE is nothing but extortion money. He raised the point that the company faces a loss of Rs15 billion per year in 2009 and is now enjoying a profit Rs40 billion per year.

 He further mentioned that the KE had been overcharging the people of Karachi in the name of bank charges and meter rent, that is a grave violation of the Nepra rules. He also demanded the Nepra to order KE to return the amount to its consumers. Naeem was of the view that the slab system is a totally flawed system.

 He raised a lot of flaws in the policies of the KE and demanded of the authorities to provide justice to masses.

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