KCCI Commends Reduction in Petroleum Prices, Calls for Lower Power Tariffs.

KARACHI -- The Karachi Chamber of Commerce and Industry (KCCI) has welcomed the significant reduction in petroleum product prices, attributing it to the decline in international prices and rupee appreciation. They assert that this decision will alleviate inflation and positively impact the economy, offering relief to both the general public and the business community.

Zubair Motiwala, Chairman of the Businessmen Group (BMG), and KCCI President Iftikhar Ahmed Sheikh issued a joint statement lauding this as the second consecutive reduction in petroleum prices. They emphasize the importance of maintaining effective price control mechanisms and ensuring the strict implementation of government rates on various household products to ease the burden of inflation on the poor.

Zubair Motiwala expressed hope that the caretaker prime minister would further reduce power tariffs and address gas load shedding and low gas pressure. He highlighted concerns about gas supply and pressure in Karachi's industrial zones and stressed the need to ensure that industries can continue production.

Motiwala mentioned...

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