KARACHI, May 31 -- The Karachi Chamber of Commerce & Industry (KCCI) has strongly urged Prime Minister Shehbaz Sharif to ensure the immediate release of Rs23 billion in pending electricity subsidies for Karachi's industrial sector by allocating the amount in the upcoming FY 2025-26 federal budget. The subsidy pertains to incremental power consumption from July 1, 2021, to October 21, 2023.

In a formal letter to the prime minister, KCCI President Muhammad Jawed Bilwani acknowledged recent government efforts to stabilize the economy but stressed that the prolonged delay in disbursing the subsidy has placed an "unfair and disproportionate" financial burden on Karachi's industrial units. He noted that industries in other regions of Pakistan ...