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All Pakistan Paper Merchants Association wants private sector representation in Oil and Gas Regulatory Authority

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by October 12, 2012 General

Lahore, October 12, 2012 (PPI-OT): All Pakistan Paper Merchants Association has demanded of the government to initiate reforms in the Oil and Gas Regulatory Authority (OGRA) immediately and ensure at least 50% representation of private sector as the body has been failed to deliver good for the trade and industry.

In a joint press statement issued here Thursday, leader of APPMA Businessmen Group and Vice President of APPMA Khawaja Nadeem Saeed Wayeen said that OGRA has adopted appalling weekly review of POL prices that is sheer injustice as reportedly, government purchases oil stock for three month but making increase weekly for the consumers.

While coming hard on the OGRA who is showing no sympathy for the trade, industry and economy, Khamis Saeed Butt and Khawaja Nadeem Saeed Wayeen said that OGRA should protect the interests of stakeholders but it is doing the other way round.

They also urged the government to cut the number of taxes on petroleum products and the fuel is considered as engine of growth. If the fuel would be heavily taxed the entire economy is bound to suffer and the same happened in Pakistan as the repeated increases in the POL prices had ruined the industrial and economic activities in the country.

The APPMA leaders said that the entire industrial sector was already facing multiple internal and external challenges and weekly increase in POL prices would further aggravate the economic situation.

They said that Pakistan agriculture sector is engine of growth. Weekly change in petroleum prices would increase the input cost of agriculture production as high speed diesel is being used in tractors, tube-wells, harvesters, thrashers and other agriculture machinery. They said that the cost of thermal generation would also go up.

They said that Government is producing huge amount of electricity through thermal means and after increase in petroleum prices, prices of electricity would touch new highs.

Khamis Saeed Butt and Khawaja Nadeem Saeed Wayeen said that not only the transportation cost of goods would multiply but fares of public transport would also increase manifold.

They said that present regime has disappointed the business community and has never taken a single step for progress and prosperity of the country. They said that government should get ready to face the music in the forthcoming national election when the people would take revenge from the government with the power of their votes.

For more information contact:
All Pakistan Paper Merchants Association
Al-Rasheed Centre,
3rd Floor, Faiz Muhammad Fateh Ali Road,
Karachi.
Phone: 021-32621041, 35462900,
Fax: 021-32210385,
Email: paperassociation@homail.com
URL: www.appma.com.pk

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