RAWALPINDI: The President Rawalpindi Chamber of Commerce and Industry (RCCI) Jawed Akhtar Bhatti on Monday criticized the recent increase in prices of petroleum products.
The President RCCI said price hike of petroleum products will slow the economic and industrial development of the country.
Addressing a meeting held here on Monday he said the industry was already facing energy crisis and the recent hike will inflict a colossal loss to business activities in the country.
Jawed Bhatti said that trade deficit is increasing day by day and claimed that exports orders amounting to billion of rupees have already been cancelled owing to electricity and gas shortage.
He pointed out that cost of production has increased mnifold as a result our products cannot compete at the international market.
He demanded of the government to withdraw the increase in prices of petroleum products.