AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 131.00 Increased By ▲ 1.47 (1.13%)
BOP 6.92 Increased By ▲ 0.24 (3.59%)
CNERGY 4.62 Decreased By ▼ -0.01 (-0.22%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 43.35 Increased By ▲ 1.66 (3.98%)
DGKC 83.72 Decreased By ▼ -0.05 (-0.06%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 78.00 Increased By ▲ 2.53 (3.35%)
FFL 12.17 Increased By ▲ 0.70 (6.1%)
HUBC 110.52 Decreased By ▼ -0.03 (-0.03%)
HUMNL 14.44 Decreased By ▼ -0.12 (-0.82%)
KEL 5.60 Increased By ▲ 0.21 (3.9%)
KOSM 8.47 Increased By ▲ 0.07 (0.83%)
MLCF 39.36 Decreased By ▼ -0.43 (-1.08%)
NBP 63.19 Increased By ▲ 2.90 (4.81%)
OGDC 199.70 Increased By ▲ 0.04 (0.02%)
PAEL 26.48 Decreased By ▼ -0.17 (-0.64%)
PIBTL 7.78 Increased By ▲ 0.12 (1.57%)
PPL 160.50 Increased By ▲ 2.58 (1.63%)
PRL 26.65 Decreased By ▼ -0.08 (-0.3%)
PTC 18.60 Increased By ▲ 0.14 (0.76%)
SEARL 83.10 Increased By ▲ 0.66 (0.8%)
TELE 8.22 Decreased By ▼ -0.09 (-1.08%)
TOMCL 34.48 Decreased By ▼ -0.03 (-0.09%)
TPLP 9.05 Decreased By ▼ -0.01 (-0.11%)
TREET 16.98 Decreased By ▼ -0.49 (-2.8%)
TRG 60.60 Decreased By ▼ -0.72 (-1.17%)
UNITY 27.85 Increased By ▲ 0.42 (1.53%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,654 Increased By 247.8 (2.38%)
BR30 31,970 Increased By 256.8 (0.81%)
KSE100 99,391 Increased By 2063 (2.12%)
KSE30 31,012 Increased By 819.9 (2.72%)

KARACHI: Jamaat-e-Islami (JI) Karachi chapter Amir Engr Hafiz Naeemur Rehman has strongly condemned recent hike in oil prices and demanded of the outgoing government to withdraw the decision immediately.

He termed the hike as economic massacre of poor masses. He said that inflation had already hit the masses hard and to add insult to the injury the government has increased the prices of petroleum products.

He said that the middle class in the country has been shrinking since long but the ruling elite have nothing to with it. On one hand, the government is spending foreign exchange overwhelmingly to purchase luxury vehicles for the bureaucracy, while on the other it is dropping ‘petrol and electricity bombs’ on masses, he said.

He said that the hike in petroleum products’ prices will directly affect the poor masses by increasing the prices of all daily use items, particularly food stuff. He said that the government has failed to walk the talk and providing any relief to masses. It didn’t let trickledown the effects of downwards petroleum prices in international market. He said that people have already been facing multiple crises and the recent development will hit them hard.

He added that Karachiites will be holding a sit-in outside the Karachi Water and Sewerage Board headquarters against prevailing water crises in the megacity.

Copyright Business Recorder, 2023

Comments

Comments are closed.