The Presi-dent Rawalpindi Chamber of Commerce and Industry (RCCI) Jawed Akhtar Bhatti rejected the electricity price hike of Rs 2.4 per unit and termed that government has decided to wipe out the local Industry. He further said that government is also planning to increase the gas tariffs by January 2012.
"In prevailing situation awarding MFN status to India will bulldoze the local industry", he added. He stated this while chairing an emergent meeting held here at the Chamber on Thursday. Senior Vice President Raja Amer Iqbal, Group leader Najam-ul-Haq, member executive committee and other members of the chamber were also present on the occasion.
Jawed said that business community is in the process of consultation with other stake holders and future strategy will be announced soon. He said that country's industry is already facing immense problems regarding energy crisis and recent move will further devastate the industry. He added that number of sick units, unemployment and inflation will increase.
He demanded of the government that gas pipeline project with Iran and Turkmenistan should be completed at the earliest and no foreign pressure should be entertained. He said that if the situation prevails the unfortunate day would come when foreign products will rule our local markets. He strongly demanded of the government that recent decision must be withdrawn and planned hike in gas tariffs must be taken back.-PR
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