AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,957 Increased By 122.2 (1.56%)
BR30 25,700 Increased By 369.8 (1.46%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)

Business community of Southern Punjab strongly rejected the 14 percent increase in gas tariff for all consumers of the Sui Northern Gas Pipelines Limited (SNGPL) and termed this decision unjust. President of Multan Chamber of Commerce and Industry (MCCI) Khawaja Muhammad Usman has said that Oil and Gas Regulatory Authority (Ogra) did not take the consumers into confidence before taking this decision.
He said that tariff was increased under the pressure of IMF to collect more revenue of Rs 24 billion. He said the cost of production of export items would be increased and Pakistan would not be able to compete even with its neighbours in the global market.
He said that Pakistan should take measures to increase its exports to meet the target of 25 billion dollars. The All Pakistan CNG Association (APCNGA) South Punjab Chapter and Transporters Association Punjab on Friday gave a seven-day ultimatum to the federal government for reversing this decision.
Transporters said the federal government had taken this decision to deprive Punjab of its basic rights. "Not only CNG station owners will be affected from this decision but the people in general will also suffer due to CNG closure for five days," they added. They said they were informed about this decision on first of Ramazan, which showed that the government is not interested to provide relief to the people during Ramazan.

Copyright Business Recorder, 2014

Comments

Comments are closed.