PESHAWAR
\nSarhad Chamber of Commerce and Industry (SCCI) rejected the historic increase in fuel prices and called it detrimental for the country\u2019s economy, businesses and industries.
\nAccording to a statement here on Saturday, Ijaz Khan Afridi, acting president of the SCCI said the unprecedented hike in prices of petroleum products will bring a new storm of inflation that would adversely affect the business community and poor masses.
\nUrging the interim government to withdraw the gigantic hike in fuel prices in the best interest of the national economy, businesses and industries, he warned that the chamber along with traders will be forced to launch an agitation movement against it.
\nCriticizing the government\u2019s anti-business policies, Ijaz Afridi said business community had pinned high hopes from caretakers that they will take measures for putting the ailing economy on right track but instead doing that they have endorsed the steps of previous coalition government and multiple problems of the traders\u2019 community, which is strongly condemnable.
\n\u201cHow can the national economy improve when the business community will face an uncertain situation and no remedial or corrective measures were taken place by caretakers\u201d, the SCCI chief questioned.
\nHe asked the interim government to thoroughly review its policies and initiate consultation with chambers and relevant stakeholders to revive the crippling national economy. The SCCI acting chief observed the inflation-hit business community and people earlier protested against inflation bills, now their miseries will further increase after the massive increase in fuel prices.
\nIjaz Afridi urged civil and military leadership to play their proactive role in putting the national economy on the right track.
\nOtherwise, he expressed fear that the situation will be further aggravated which won\u2019t be favorable and beneficial for the country\u2019s economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR Sarhad Chamber of Commerce and Industry (SCCI) rejected the historic increase in fuel prices and called it detrimental for the country\u2019s economy, businesses and industries. According to a statement here on Saturday, Ijaz Khan Afridi, acting president of the SCCI said the unprecedented hike in prices of petroleum products will bring a new storm […]<\/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-356449","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n