KARACHI:

Korangi Association of Trade and Industry (KATI) President Mohammad Ikram Rajput has strongly opposed and rejected outright the imposition of gas transition levy on captive power consumers, terming it unjustified, unreasonable, and based on a flawed methodology.

Rajput said that according to a technical analytical report prepared by KATI, even if the gas price is set at Rs3,500 per million British thermal units (mmBtu), the cost of power generation through captive plants still remains higher than the cost of electricity obtained from the national grid under the B3 industrial tariff.

"This clearly proves that the goal of discouraging captive generation and shifting industries to the national grid has already been achieved. There is no justification for imposing any additional le

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