ISLAMABAD: Former President of Islamabad Chamber of Commerce and Industry Dr. Shahid Rasheed Butt on Saturday said the recent decision regarding power tariff hike should be reversed as it will hit masses and all the sectors of the economy.

The decision will reduce consumption of electricity and increase theft which will result in heavy losses to the government while reducing real wages of the people, he said.

Shahid Rasheed Butt said that economy is growing but the real wages of labour are on the decline which should be noticed.

He said that remittances and large scale production is increasing, current account deficit is surplus, profit of cement, automobile and other sectors is increasing but the benefit is not reaching the labour class.

Masses are facing reduced income amid unprecedented inflation which has made life difficult for them.

He noted that real income of people increased by two percent from 2009 to 2013 while it increased by four percent per annum from 2013 to 2018.