{"id":244841,"date":"2022-02-17T08:46:19","date_gmt":"2022-02-17T03:46:19","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=244841"},"modified":"2022-02-17T08:46:19","modified_gmt":"2022-02-17T03:46:19","slug":"fpcci-rejects-hike-in-petroleum-electricity-prices","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/fpcci-rejects-hike-in-petroleum-electricity-prices\/","title":{"rendered":"FPCCI rejects hike in petroleum, electricity prices"},"content":{"rendered":"<p> Lahore<br \/>\nFederation of Pakistan Chambers of Commerce and Industry (FPCCI) on wednesday has rejected hike in prices of petroleum products and electricity.<br \/>\nThe government should immediately withdraw the increase in petroleum products and electricity prices to save the business and the people from further difficulties. Unfortunately, the government has created new problems for the commoner and the business community by increasing the prices of petroleum products. As a result, there will be a new wave of inflation in the country, and the declining purchasing power of the people will also affect business activities.<br \/>\nThese views were expressed by Muhammad Nadeem Qureshi, Member Management Committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), during a meeting with a delegation of the All Pakistan Paper Merchants Association (APPMA) here at Regional Office Lahore.<br \/>\nNadeem Qureshi rejected the increase in power prices along with the periodic hike in rates of petroleum products. He said the rise in power and fuel prices would increase the cost of production for the industrial section, which will impact the ease of doing business and exports.<br \/>\nHe further said that in compliance with the conditions of IMF, the government had increased the price of petroleum products. Therefore, rising petrol and electricity prices will affect business activities and increase business costs. In addition, the recent increase in petroleum products will lead to a significant increase in freight rates.<br \/>\nHe further said the government had dropped a new bomb on trade and industry when inflation and unemployment were at an all-time high. As a result, the economy was facing total collapse because of the government\u2019s move.<br \/>\nOn this occasion, the All Pakistan Paper Merchants Association (APPMA) delegation apprised the paper sector\u2019s problem and gave suggestions for the solution to the issues.<br \/>\nMuhammad Nadeem Qureshi assured the delegation of (APPMA) of all possible cooperation of the Federation of Pakistan Chambers of Commerce and Industry to solve the problems. Malik Ahad Amin, Chairman APPMA, Khamis Saeed Butt, ZahidMahmood Butt, Khawaja Ilyas, Hassan Raza Sheikh, Mohammad Bashir, Mohammad Ilyas, Mughis Ahmed, and others also attended the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on wednesday has rejected hike in prices of petroleum products and electricity. The government should immediately withdraw the increase in petroleum products and electricity prices to save the business and the people from further difficulties. Unfortunately, the government has created new problems for the commoner [&hellip;]<\/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":{"0":"post-244841","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FPCCI rejects hike in petroleum, electricity prices<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/fpcci-rejects-hike-in-petroleum-electricity-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FPCCI rejects hike in petroleum, electricity prices\" \/>\n<meta property=\"og:description\" content=\"Lahore Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on wednesday has rejected hike in prices of petroleum products and electricity. The government should immediately withdraw the increase in petroleum products and electricity prices to save the business and the people from further difficulties. 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