PESHAWAR: Industrialists welcomed the recent unprecedented reduction in fuel prices, describing that the government’s decision will give a boost to industrial and trade activities and lead the country’s national economy toward stabilization and sustainable growth. Ayub Zakori, president of the Industrialists Association Peshawar while addressing members during a meeting held at IAP office on Tuesday said electricity, gas and fuel used as raw material for industries, and their prices gradually increased during the last one year. Resultantly, he said the cost of industrial production also increased exponentially, which has caused a spiraling ‘price-hike’. However, he expressed hope that the industrial process will be accelerated after massive reduction in fuel prices made by the government. Ayub Zakori said industrialization will lead the country toward sustainable economic growth and enhance exports. The IAP chief demanded of the government to reduce prices of electricity and gas and ensure implementation of business-friendly policies at every level to promote industries and businesses activities to stabilize the economy. APP
