Reduction in POL price should be announced: President KATI

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KARACHI: President of Korangi Association of Trade and Industry (KATI) Salman Aslam expressed concern over the government’s delay in changing the prices of petroleum products. He said that there is a trend of continuous decline in oil prices in the global market, and the government should immediately announce a reduction in the price of petrol so that inflation and production costs can be reduced. Salman Aslam welcomed the Saudi government’s decision of a one-year extension of $3 billion to stabilize Pakistan’s foreign exchange reserves. He said that Saudi Arabia is Pakistan’s best friend and has helped Pakistan in difficult times in the past. With this decision, Pakistan’s foreign exchange reserves and economic stability in the country will be possible. Staff Reporter Staff Reporter