Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Good Fortune trailer
    Videos

    First Trailer for Aziz Ansari’s Good Fortune, Starring Keanu Reeves

    May 29, 2025 2 Min Read
    Last of Us Season 2
    Videos

    ‘The Last of Us’ Season 2 Premieres Date What to Expect From HBO’s Hit Series

    April 13, 2025 2 Min Read
    Disney Snow White box office
    Videos

    Snow White Teaser Drops: Gal Gadot and Rachel Zegler Shine

    February 22, 2025 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Faisalabad Businesses Halt Operations Amid Rising Electricity Costs
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Faisalabad Business Shutdown
PhotoNews Pakistan > Punjab > Faisalabad Businesses Halt Operations Amid Rising Electricity Costs
Punjab

Faisalabad Businesses Halt Operations Amid Rising Electricity Costs

Web Desk
By Web Desk Published July 21, 2024 1 Min Read
Share
Faisalabad Industrial Zone
SHARE

The business community in Faisalabad has declared a suspension of operations in response to escalating electricity prices, stating that current conditions render continued business activities untenable.

At a press conference at the Faisalabad Chamber of Commerce, leaders from various industrial associations articulated their concerns regarding the incremental electricity costs and ongoing disputes with Independent Power Producers (IPPs). They noted that the community has already disbursed 830 billion rupees in capacity charges and characterized the situation with IPPs as a fiscal snare that jeopardizes economic stability.

The officials emphasized the international precedent of severing contracts with IPPs, criticizing the government’s inertia in addressing these contractual dilemmas, which threatens to impose a lasting financial burden on future generations.

Moreover, they reported a 7.4 per cent reduction in electricity usage this year compared to the previous, attributing the decline to the increased costs. The community urged the government to undertake decisive actions to alleviate the industrial sector’s crisis, emphasizing the urgent need to avert potential mass unemployment and the closure of industries, which would have dire repercussions for numerous families connected to these sectors.”

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

Toyota GR LH2

Toyota GR LH2 Hydrogen Racing Prototype Revealed at Le Mans

Sindh budget 2025-26

Sindh Budget 2025-26: Rs. 3.45 Trillion Plan Unveiled

Pakistani Stock Market

PSX Drops 1,949 Points Amid Israel-Iran Conflict in 2025

Babar Azam Sydney Sixers

Sydney Sixers Sign Babar Azam for Big Bash League 2025

Karachi Weather Forecast

Pakistan Heatwave: Karachi Faces 49°C Feels-Like Temperatures in 2025

Post Archives

More Popular from Photonews

crypto market bitcoin ethereum june 2025
Uncategorized

Crypto Market : Bitcoin at $105K, Ethereum Dips Amid Trump-Musk Feud

2 Min Read
Gaza aid site deaths
Top NewsWorld

Israeli Fire Kills 60 Near Gaza Aid Site Amid 2025 Conflict

3 Min Read
Viral video 8 year child shopping China
Offbeat

Viral Video: 8-Year-Old’s Solo Shopping Trip in China Wins Hearts Online

2 Min Read
Sindh

Karachi Earthquake Tremors: 2.6 Magnitude Quake Shakes City

On Wednesday night, residents across Karachi felt light earthquake tremors. The quake, with a magnitude of…

June 12, 2025
Top NewsWorld

Trump Deploys 2,000 National Guard Troops to Los Angeles Amid Immigration Protests

On June 7, 2025, President Donald Trump authorised the deployment of 2,000 National Guard troops to…

June 8, 2025
Entertainment

Harvey Weinstein Guilty in 2025 Retrial for Sex Crimes

On June 11, 2025, a Manhattan jury found former Hollywood mogul Harvey Weinstein guilty on one…

June 12, 2025
Tech

Apple Unveils macOS Tahoe 26 at WWDC 2025: A New Era of Design, and Intelligence

At its Worldwide Developers Conference (WWDC) 2025 on June 9, 2025, Apple introduced macOS Tahoe 26,…

June 10, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?