All Pakistan Oil Mills Association (APOMA) has demanded of the government to immediately take back its decision to increase the gas and electricity prices, at once. Both the electricity and gas prices have increased up to 18 percent during the last three months, due to which the storm of unemployment is lingering on our heads, they said.
While talking to Business Recorder, Chairman APOMA Khawaja Muhammad Fazil said that the policies of government have flopped and the departments of trade and industry are going towards downfall. He said that it has become impossible to install new industrial units or to run the previous one. The entire industrial sector would be destroyed if the government does not decrease the prices of gas and electricity, he warned.
Chairman APOMA advised that the mark up rate of banks in Pakistan is the highest in the country so it should be decreased. The tax net circle should be increased and more than 5000 small and medium oil mills should be provided with loans on easy terms to convert their industries to mini solvent plants.
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