HCCI urged the government to come up with sound economic planning.

HYDERABAD -- President Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui Thursday urged the government to come up with the sound economic planning so that the people could get maximum relief from such effective strategies.

The appreciation in Pakistani's rupee and drop in oil prices bode well for economy, he said adding that it would certainly stabilize Pakistan's economy.

In a statement issued here , he said crude oil's price was at lowest in last six months, dropping from $100 per barrel to $92.

He said that Pakistani rupee's gain against dollar was a positive sign for Pakistani economy and according to prevailing circumstance, the drop in fuel price in Pakistan could be expected.

The HCCI President said that a reduction of 3 million barrel per day in oil production by Organization of Petroleum Exporting Countries (OPEC) is being noted ever-since pandemic affected the world.

He said that price hike's trend was highest in 40 years in US.

If global reception in international market and slowdown in growth of economies of US and China...