KARACHI: Pakistan Economy Watch (PEW) has criticised K-Electric, a private power distribution company in Karachi, over its failure to provide relief to the consumers through continuous power supply in the metropolis.
PEW President Dr Murtaza Mughal said that the company is receiving cheap gas, low-cost electricity from the national grid, subsidies and loans worth Rs130 billion but it has failed to deliver, which has been proved through harsh statements by federal and provincial ministers.
“The masses are being squeezed to promote the interests of the irresponsible elite who have become parasites on the national resources,” he said. “Accountability, reforms and increasing the tax base have become catchy slogans while privatisation has become a tool to plunder national resources,” said Mughal in a statement issued from Islamabad.
Dr Mughal said that despite the failed privatisation of K-Electric, the government was still trying to sell profit-making power companies including that of Islamabad, Lahore, Faisalabad and Muzaffargarh. The privatisation of power distribution companies could leave masses at the mercy of merciless capitalists, he added.
