Traders Raise Voice Against High Electricity Bills

The Rawalpindi Chamber of Commerce and Industry (RCCI) has issued a stern ultimatum to the government, urging the withdrawal of the recent electricity price hike by August 29. This announcement comes as traders express their mounting concerns over the detrimental impact of rising energy costs on their businesses.

In a press conference held over the weekend, RCCI President Saqib Rafiq conveyed the gravity of the situation. He emphasized that the current surge in electricity prices is casting a shadow over the viability of businesses and their competitiveness in the global market. Failing prompt action, traders are prepared to demonstrate their frustration through a protest rally, slated to run from the chamber premises to Kachehri Chowk.

Rafiq’s address highlighted the challenging predicament that businesses currently face. The escalating price of electricity has rendered it nearly impossible for them to remain competitive, both on domestic and international fronts. The cost-intensive environment has compelled numerous businesses to shutter their operations, exacerbating the economic repercussions.

Calling for a sustainable solution, Rafiq stressed the imperative need for the government to prioritize the exploration of alternative energy sources. By harnessing such sources, the provision of affordable electricity can be ensured, thus creating a conducive environment for investment and tax collection.

The RCCI president’s plea encompasses a broader spectrum of issues that pose severe challenges to the business community. Amidst the rising tide of interest rates, volatile US dollar rates, soaring fuel costs, elevated gas and power tariffs, and unrelenting food inflation, Rafiq emphasizes the pressing demand for the government’s intervention.

As the RCCI sets the stage for a potential showdown against the electricity price hike, the government is faced with a critical juncture. The imperative of sustaining the business environment and safeguarding the livelihoods of countless individuals stands as a pivotal responsibility, underscoring the necessity for timely and pragmatic measures to alleviate the burden on the trading community.