PESHAWAR
\nPresident, Sarhad Chamber of Commerce and Industry (SCCI), Hasnain Khurshid Ahmad has categorically rejected another record overnight and surprise increase in prices of petroleum products and asked the government to revise its decision forthwith.
\nChairing a joint meeting of industrialists and traders here at the chamber house on Friday, Mr Khurshid said that a relief package was announced by Prime\u2019s Minister during address to nation, but at the same time, the government has continuously increasing prices of petroleum commodities, which was completely incomprehensible and illogical.
\nThe meeting was attended by SCCI Senior Vice President Imran Khan Mohmand, Vice president Javed Akhtar and members of the executive committee.
\nThe SCCI chief termed the increasing prices of petrol and diesel as well electricity and gas tariffs as a part of IMF conditions. He added the government\u2019s policies are an attempt to further push the country\u2019s crippling economy in a devastated situation.
\nHe went on to say that petrol, electricity and gas are lifelines for industries, which are being used as raw material to furnish finishing products, but consistent increase in prices has also enhanced the cost of industrial production that would directly affect the common people in the shape of increased prices of essential items.
\nSimilarly, he said the whopping surge in petrol and diesel prices has brought further stagnation in economic growth and devastation to the country\u2019s fragile economy.
\nHasnain Khurshid noted that the businessmen are being faced with enormous difficulties owing to post-Covid scenario, especially inconsistent government\u2019s economic policies, now the frequent increase in petrol prices have further aggravating the situation.
\nThe SCCI chief slammed an increase of Rs8.3 per litre hike in petrol and Rs8.13 per litre diesel was completely unjust and unacceptable, should be revised immediately
\nExpressing grave concern over gas loadshedding since the beginning of winter, Mr Khurshid asked the government to ensure uninterrupted gas supply to industries and commercial consumers as KP region is surplus in gas production so it has the constitutional right under article 158-A of the constitution to fully exploit its natural resources.
\nThe SCCI president on the occasion made a demand for the announcement of a special relief package for traders\u2019 community, which had been miserably affected by Covid-19 restrictions. He warned if the government didn\u2019t withdraw the record hike in petroleum products, so the business community would compel in protest, which responsibility would be laid upon government and authorities concerned.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR President, Sarhad Chamber of Commerce and Industry (SCCI), Hasnain Khurshid Ahmad has categorically rejected another record overnight and surprise increase in prices of petroleum products and asked the government to revise its decision forthwith. Chairing a joint meeting of industrialists and traders here at the chamber house on Friday, Mr Khurshid said that a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-225706","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n