LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Tuesday urged the government to avoid making any increase in gas tariff as it would jack-up cost of doing business and oust the export-oriented industries from international export market.
LCCI President Ijaz A. Mumtaz said here the increase would hamper the growth of manufacturing sector that was already facing a number of internal and external challenges.
He said, the proposed raise would create multiple problems for industrialists as they have to bear heavy loss while fulfilling their export commitments.
Quoting the example of textile sector, he said that it was one of the most value-added and export-oriented sectors in Pakistan, which accounts for more than 60 percent of total exports of the country with 95 percent of locally produced inputs.
Ijaz A. Mumtaz said that even a slight raise in the cost of production, at this critical juncture, would oust Pakistani merchandise from international export market which would deprive the exchequer of much-needed valuable foreign exchange to the tune of billions of dollars.
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