Continuous increase in patrol prices will put strains on the economy: KATI.

KARACHI -- Korangi Association of Trade and Industry (KATI) President Salman Aslam has rejected the government's decision to increase petrol by PKR 24 and diesel by PKR 56. The continuous rise in the prices have not only putting financial strains on the poor but also it gives them mental stress that reflect in their productivity. It shut down industries and create a storm of unemployment in the country.

Salman Aslam said that the energy prices put pressure on labor class in number of ways as most of labor class travel in public transport which use diesel as fuel, so when price of diesel increase it also increase the fare of public transport and cause the burden on common man. On the other side due to rise in energy prices food inflation increases and it also increase utility bills that put financial burden on the common man.

The president also added that in such...