Trade, industry urge govt to revisit pacts with IPPs

KARACHI: Businessmen were up in arms against the independent power producers (IPPs), urging the government to revisit the agreement in the larger interest of consumers and industries to bring down the electricity tariffs to help revive industrial and export activities.

At a press conference held at the Federation House on Monday on unbearable electricity tariffs due to capacity charges of IPPs, United Business Group (UBG) Patron-in-Chief S.M. Tanveer said the government is paying Rs2 trillion...