KARACHI?: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for withdrawal of increase in petroleum prices to strengthen the industry and trade activities, and to provide some relief to the common man.
In a statement here on Friday, Vice Presidents FPCCI Khalid Tawab, Dawood Usman Jakhurra and Engr. Muhammad Usman Shaikh emphasised that without industrial growth, the country would be facing more economic and social problems.
Khalid Tawab said that the government has to work out a long term plans for POL, energy solution and revenue generation.
Dawood Usman Jakhurra said that the Government regulators, that is, OGRA and NEPRA should take care of the country's economy since a strong economy is the only solution to all problems.
He said that the business community has been calling for reduction in the power and gas tariffs along with their smooth supply, cut in POL prices so that industry could grow and become
cost competitive in the regional and international markets.
He also maintained that more burden of taxes over trade and industries would affect the economy of the country.
Engr. Muhammad Usman Shaikh said that unemployment in the country is a very serious problem, and imposition of new taxes and increase in POL prices would increase unemployment leading to many social problems.
The FPCCI leadership urged the government to take necessary measures to control smuggling of goods allegedly in the name of Afghan Transit Trade (ATT) which FPCCI maintained is a great loss to national exchequer.
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