Former President Federation Pakistan Chambers of Commerce and Industry expresses concern on increase in prices of petroleum products and electricity
Karachi, October 01, 2013 (PPI-OT): Former President FPCCI and Parton-in-Chief KATI Mr.S.M.Muneer has expressed his serious concern on the increase in the prices of petroleum products and Electricity .
He termed the increase in petroleum and Electricity prices as an anti trade, anti industry and anti- people decision He said that Government drop petrol and Electricity bombs on the already industry and poor nation, petrol goes up by Rs.4.12 and Electricity by Rs.5.89 per unit for the consumers using more the 200 unit.
He said that export orders are booked seasonally , normally six months in advance. The industry has to bear the brunt of such unforeseen costs as their impact could not be transferred to buyers because of sudden hike in gas, power and petroleum tariffs.
S.M.Muneer said that the gas, electricity and Petroleum prices rise will add to the misery of the people already overburdened by escalating price hike consumer and other items who are already panting under dearth of essential commodities, high unemployment, unprecedented price hike, virtually no healthcare, fragile education system and law and order. He stated that more shocking is the fact that increases in petrol prices is made without prior notice.
President, All Karachi Industrial Alliance, Mian Zahid Hussain said that entire industrial sector was already facing multiple internal and external challenges and the recent increase would further aggravate the economic situation.
Newly Elected President KATI urged the government to review its decision in the large interests of the country in general and for the sake of industry and economy in particular He said that not only the transportation cost of goods would multiply but fares of public transport will also increase which will cause great problem to poor commuters.
For more information, contact:
Press Secretary KATI
Korangi Association of Trade and Industry (KATI)
ST-4/2, Sector 23, Korangi Industrial Area,
Tel: +9221 3506 1211 -2
Cell: +92346 2012346
Fax: +9221 3506 1215