KCCI urges to defer ISPA arrears

KARACHI: Karachi Chamber of Commerce & Industry (KCCI) has requested the government to permanently withdraw Industrial Support Package Adjustment (ISPA) arrears to provide relief to the industries, a statement said on Friday.

Agha Shahab Ahmed Khan, president KCCI in a letter to Asad Umer, chairman of cabinet committee on energy, said although K-Electric deferred ISPA arrears till April 30, 2020, “the sword keeps on hanging over the business and industrial community as they will once again be facing the exorbitant electricity bills after April 30, 2020”.

Hence, the cabinet committee on energy must ask the ministry of energy to issue a notification of not collecting ISPA arrears,” Khan said. “K-Electric should be directed not to charge ISPA arrears and the government should take care of it.”