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Thursday, December 26, 2024

Home Business Provision of relief to industries in power tariff commendable: Zahid

Provision of relief to industries in power tariff commendable: Zahid

by News desk
November 5, 2020
in Business

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Staff Reporter

Karachi
Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, Mian Zahid Hussain on Wednesday lauded the decision of the Prime Minister Imran Khan to provide relief in power tariff to the industrial sector.
Talking to businessmen, he said that inflation rate cannot be controlled unless food prices are brought down as the government will be unable to bring down inflation if the wheat support price is fixed at Rs2000 per 40 kg.
Mian Zahid Hussain said that inflation is more widespread in rural areas as compared to urban areas where it has set new records necessitating steps aimed at relief.
He said that presently wheat is being sold at Rs2200 to Rs2400 per 40 kg and it can come down to Rs1800 to Rs1900 if the wheat price is fixed at Rs1600.