DLP Report
\nPESHAWAR
\nFederation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President for Khyber Pakhtunkhwa Aun Ali Syed has expressed strong concern over the government\u2019s one-time increase of Rs55 per litre in petroleum prices, warning that the move will have serious implications for businesses and the national economy.
\nIn a statement issued here, Mr Syed, representing the business, industrial and commercial community, said the sharp increase in fuel prices had come at a time when businesses were already grappling with high production costs, declining purchasing power and slow economic activity.
\nHe said petroleum products played a key role in driving economic activity and had a direct impact on transport, logistics, industry, agriculture and supply chains across the country.
\n\u201cThe sudden and substantial increase will trigger a new wave of inflation, pushing up the prices of essential goods and services,\u201d he said.
\nMr Syed added that the business community feared the hike would significantly raise the cost of doing business, making Pakistani products less competitive in both local and international markets.
\nHe said small and medium enterprises (SMEs), already operating on thin profit margins, would be particularly affected by the decision.
\nAccording to him, rising fuel prices would increase transport fares, power generation costs and production expenses, which would ultimately be passed on to consumers and further weaken market demand.
\nHe warned that such policy measures could slow the pace of industrial growth and discourage investment at a time when the country urgently needed strong economic momentum.
\nMr Syed urged the government to review and reassess the recent increase in petroleum prices, taking into account the prevailing economic situation and the challenges faced by the business community and the public.
\nHe also stressed the need for consultation with key economic stakeholders, including the FPCCI and representatives of the business community, before taking decisions that directly affect the national economy and industrial production.
\nThe FPCCI vice president reiterated that the federation was ready to work closely with the government in formulating balanced policies aimed at ensuring economic stability while protecting the interests of both businesses and consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"
DLP Report PESHAWAR Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President for Khyber Pakhtunkhwa Aun Ali Syed has expressed strong concern over the government\u2019s one-time increase of Rs55 per litre in petroleum prices, warning that the move will have serious implications for businesses and the national economy. In a statement issued here, […]<\/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-535823","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n