Chairman Businessmen Group (BMG) ZubairMotiwala and President Karachi Chamber of Commerce Industry (KCCI) Iftikhar Ahmed Sheikh, while appreciating the Caretaker Prime Minister AnwarulHaqKakar’s government for announcing substantial reduction in petroleum price by Rs40 per liter, said that this was the right decision taken due to decline in international market and improvement in rupee value against dollar which would provide some relief to common man and the business community in the ongoing era of inflation, besides having a positive impact on the economy.
In a joint statement issued, Chairman BMG and President KCCI said that this was the second consecutive cut in petroleum prices which would certainly help in bringing down the inflation to some extent but effective price control mechanism and strict implementation of government rates of various household products must be ensured with a view to provide relief to inflation-stricken poor masses.
Chairman BMG ZubairMotiwala expressed hope that the Care Taker Prime Minister would also take measures to reduce the power tariffs and devise effective strategies for dealing with the ongoing gas load shedding and low gas pressure being suffered by the industries situated in all seven industrial town zones of Karachi. “Gas supply situation is worsening day by day and it has become impossible for the industrialists to smoothly carry out production activities and meet the export targets. Steps have to be taken on war footing basis so that the wheels of industries keep on spinning”, he said but feared that the situation may worsen further during forthcoming winter season if the lawmakers do not pay prompt attention to this pressing issue.
