Power tariff relief to industrial sector lauded.

Power tariff, taxes should not be hiked on IMF's demand: Mian Zahid Hussain

Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday lauded the decision of the Prime Minister Imran Khan to provide relief in power tariff to the industrial sector.

He said that inflation rate cannot be controlled unless food prices are brought down as the government will be unable to bring down inflation if the wheat support price is fixed at Rs2000 per 40 kg, he said.

Mian Zahid Hussain said that inflation is more widespread in rural areas as compared to urban areas where it has set new records necessitating steps aimed at relief.

Talking to the business community, the veteran business leader said that presently wheat is being sold at Rs2200 to Rs2400 per 40 kg and it can come down to Rs1800 to Rs1900 if the wheat price is fixed at Rs1600.

However, he said that Sindh and some politicians want price to be fixed at Rs2000 which will frustrate attempts to reduce inflation, rather it can increase it adding to the miseries of the masses.

Proper import of wheat can also reduce price in the...