BR100 Decreased By (-1.2%)
BR30 Decreased By (-1.31%)
KSE100 Decreased By (-0.95%)
KSE30 Decreased By (-0.95%)
AGHA 6.32 Decreased By ▼ -0.05 (-0.78%)
BECO 4.27 Decreased By ▼ -0.10 (-2.29%)
BML 62.45 Decreased By ▼ -0.19 (-0.3%)
BOP 31.23 Decreased By ▼ -0.39 (-1.23%)
CNERGY 11.59 Decreased By ▼ -0.18 (-1.53%)
CSIL 5.72 Decreased By ▼ -0.37 (-6.08%)
FCCL 61.54 Decreased By ▼ -0.55 (-0.89%)
FFL 15.02 Increased By ▲ 0.29 (1.97%)
FNEL 1.23 Increased By ▲ 0.03 (2.5%)
KEL 6.26 Increased By ▲ 0.10 (1.62%)
KOSM 5.56 Decreased By ▼ -0.12 (-2.11%)
LOTCHEM 24.68 Decreased By ▼ -0.37 (-1.48%)
MLCF 104.08 Decreased By ▼ -1.19 (-1.13%)
NBP 175.28 Decreased By ▼ -5.29 (-2.93%)
NCPL 52.77 Decreased By ▼ -0.56 (-1.05%)
NPL 54.12 Decreased By ▼ -0.67 (-1.22%)
OGDC 313.39 Decreased By ▼ -2.70 (-0.85%)
PACE 9.20 Decreased By ▼ -0.19 (-2.02%)
PAEL 35.80 Increased By ▲ 0.36 (1.02%)
PIBTL 13.47 Decreased By ▼ -0.32 (-2.32%)
PPL 221.81 Decreased By ▼ -3.54 (-1.57%)
PRL 79.08 Decreased By ▼ -1.31 (-1.63%)
PTC 46.85 Decreased By ▼ -1.17 (-2.44%)
SSGC 23.87 Decreased By ▼ -0.54 (-2.21%)
TBL 9.31 Decreased By ▼ -0.07 (-0.75%)
TELE 7.39 Decreased By ▼ -0.20 (-2.64%)
TPL 25.11 Decreased By ▼ -0.23 (-0.91%)
TPLP 12.51 Decreased By ▼ -0.59 (-4.5%)
TREET 26.25 Increased By ▲ 1.21 (4.83%)
TRG 53.44 Decreased By ▼ -1.39 (-2.54%)

ISLAMABAD: The opposition Pakistan Tehreek-e-Insaf (PTI) warned on Friday that the country’s preferential trade access to the European Union (EU) could be at risk, accusing the government of failing to meet international human rights obligations required under the GSP+ scheme.

In a statement, the party said the government’s handling of human rights, judicial independence and political freedoms could jeopardise the country’s duty-free access to the EU market under the bloc’s Generalised Scheme of Preferences Plus (GSP+).

It criticised the foreign ministry’s response to the European Union’s latest GSP+ monitoring report, saying the government should focus on complying with the 27 international conventions underpinning the trade arrangement rather than dismissing concerns.

The GSP+ scheme grants Pakistan preferential, largely duty-free access to the EU market, particularly benefiting the country’s textile sector.

PTI also condemned Thursday’s attack in Mastung, Balochistan, in which a district and sessions judge and his security guard were killed and a additional sessions judge was critically injured.

The attack, it said, reflected a deteriorating security situation in the province.

PTI called for those responsible to be brought to justice, a review of Balochistan’s security strategy and greater political engagement in the province.

Turning to the economy, the party criticised what it said were five consecutive daily increases in fuel prices, saying petrol had risen by a cumulative Rs21 per litre and high-speed diesel by Rs56 over the period.

According to figures cited by the party, the latest increase took petrol prices to Rs331.52 per litre and diesel to Rs378.66 per litre.

PTI urged the government to reduce the petroleum development levy (PDL), reverse the recent price increases and abandon the current daily fuel pricing mechanism, arguing consumers were bearing the full impact of rising global oil prices.

The party also criticised the government’s decision to import one million tonnes of wheat, arguing that domestic production and existing stocks were sufficient to meet demand and that procurement failures, rather than shortages, had created market distortions.

It called for an independent audit of wheat procurement, an end to what PTI described as unnecessary imports and measures to strengthen support for farmers.

Copyright Business Recorder, 2026

Comments

200 characters remaining