Freezing petroleum, electricity prices to strengthen economy, says Iftikhar

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LAHORE: President of SAARC Chamber of Commerce and Industry Iftikhar Ali Malik Tuesday while hailing the reduction in petroleum prices and electricity tariff said it will strengthen national economy besides boosting exports. Talking to a delegation of traders, he said that lowering the will help Industrial sector to accelerate the economic growth and bring down cost of production which he added a key factor competing neighboring countries in global markets. Lauding the Prime Minister Imran Khan’s epoch making decision of freezing the prices of petroleum products and electricity till next annual budget he said it will have far reaching positive impact on national economy and control the inflation. He said oil prices directly affects the prices of goods made with petroleum products. Online