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gas pipeline 400KARACHI: Trade and Industry has widely rejected the massive increase in gas prices terming it another blow to the industry and the economy of the country.

 

In a statement Patron In-Chief Korangi Association of Trade and Industry (KATI) S M Muneer, Chairman Mohammad Zubair Chhaya, President All Karachi Industrial Alliance, Mian Zahid Hussain and Vice Chairmen Najmul Arfeen have condemned the frequent raises in utility charges particularly gas prices by the present regime.

 

On the decision taken by Oil and Gas Regulatory Authority (OGRA) to increase gas prices by 6.1 per cent per mm BTU for all consumer categories as highly cruel and detrimental to the local and export-oriented industry.

 

“It seems that government will not leave any opportunity to hit the industry hard and to create worst ever joblessness in the country through its anti-industry and anti-economy decisions”, Zubair Chhaya said adding that industry is suffering hardest time since the inception of Pakistan due to repeated blows of frequent increases in utility prices and cost of doing business has crossed all proportions besides worst ever law and order situation prevailing in the industrial hub of the country.

 

The industry leaders have called upon the government to show some resilience and refrain from over-burdening the industry and spoil the national economy.

 

 

Copyright NNI (News Network International), 2013

 


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln