ISLAMABAD: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that under the current economic conditions, there was scope for reducing the interest rate, but it was maintained, which is disappointing. Along with the decrease in the value of the dollar in Pakistan, oil is becoming cheaper in the international market, but the price of petrol and high-speed diesel has not been reduced, he said. Mian Zahid Hussain said that the price of kerosene and light diesel has been reduced slightly, and if the price of petrol and diesel was reduced, people would get some relief. Talking to the business community, the veteran business leader said that due to the low price of oil in the international market, people expected a reduction in the price of petrol and diesel by almost Rs 18, but the prices were maintained. Mian Zahid Hussain said that diesel plays a fundamental role in economic activities and the transportation of essential goods, so the reduction in its price leads to a reduction in inflation, which should be considered by the authorities. DNA
