Industrialists urged to sell goods on minimum profit

12 Jul, 2008

Consumers Association of Pakistan (CAP) Chairman Kaukab Iqbal has said that consumers are suffering from ever increasing prices and to provide relief to them it has become mandatory that industrialist must sell their goods with bear minimum profit.
He was leading a delegation of CAP, which was called on Provincial Industries Minister Rauf Siddiqi, and discussed the rising cost of living and unabated price hike with him. During briefing the CAP Chairman said the Association was serving as a bridge between industries and consumers and making efforts to promote standard goods.
Drawing the attention of industrialist, the CAP Chairman emphasised they had to manufacture standard goods not only for local market but for export also, to meet World Trade Organisation (WTO) requirement.
He observed that many products being sold in market had no complete address on the packets, therefore consumers were facing hardship to make complaint if any, and requested that Department of Industries and Commerce should instruct them to display full address on the packets. He proposed to hold first Consumers Expo Discount Idea for Consumers during the Holy month of Ramazan with consumer goods sold at ex factory rate which, in turn, would help in arresting increasing prices.
Industries Minister expressed emphasis on protection of consumer's rights and assured of all possible assistance to CAP and to encourage holding the first Consumers Expo Discount Idea for Consumers during Ramazan and later at the towns level to provide consumers with some relief in terms of cost and quality.
He said steps must be taken to promote local industries to overcome the prevailing economic crises and make industries to sell quality goods and supply them on reasonable profit.

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