KATI condemns record hike in prices of oil products.

KARACHI -- Patron in Chief of Korangi Association of Trade and Industry (KATI) SM Muneer, President Sheikh Umer Rehan, Senior Vice President Ikram Rajput and Vice President Syed Wajid Hussain condemned historic hike of petroleum prices and termed this decision of federal government as setback to industry and common people.

SM Muneer noted that common people never get the benefits of oil price reduction made earlier this month but increase in the price would prove a 'price hike bomb' for them. He mentioned that industry already suffering due to higher cost of production and this decision would add on the burden up to...