Gas bomb to devastate masses, industry.

ISLAMABAD -- The Pakistan Economy Watch (PEW) on Saturday said new gas tariff to be imposed from July 01 will devastate masses and industrial sector. The gas tariff has already been increased therefore there is no justification in another hike, it said. Gas price is being increased by 191 percent which will put a burden of Rs510 billion on gas consumers, said Dr. Murtaza Mughal, President PEW. The gas price hike is to hit exports, employment, and industrial expansion, he said, adding that may CNG...