AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)

All Pakistan Muslim League (APML) has rejected the recent increase in POL prices and said that so called champion of democracy have increased 55 to 60 rupees in POL prices in the last four years of government. Aasia Ishaque, Central Secretary Information APML said in a statement issued here from central information secretariat, that common people of country is facing a lot of financial problems due to price hike and the government is not understanding this very sensitive issue.
"It would result in further inflation making life worse for the common man while even the items of daily use would become out of the reach of the poor" she added. She said that people are now realising that Pervez Musharraf"s period was the real era of masses in which every thing was available at reasonable prices including POL, sugar, flour, rice etc. She said that people were already bearing the brunt of unemployment and price hike and they cannot afford any more increase in the prices.
Aasia Ishaque said that repeatedly increase in POL prices would also negatively impact the trade and industry as Pakistani products would lose its competitiveness in international market. Terming the hike as unnecessary, she demanded the government withdraw the current rise in oil prices. She said that only in August 2012, government had increased POL prices three times reflects government's failure and testifies that it is pursuing wrong and anti-people policies.
She said that rise in oil prices would not only create inflation it would also impact negatively trade and industry. Unfortunately, our country is already facing a crisis in term of closure of industries due to bad law and order situation and shortages of gas and electricity, resulting in flight of capital and massive unemployment and decline in government revenues, she added. APML leader said that the continuous rise in oil price is unfavourable to the sustainability of economy, as it severely affects the industrial sector growth.-PR

Copyright Business Recorder, 2012

Comments

Comments are closed.