Karachi – Former Vice President of Federation of Chambers of Commerce and Industry (FPCCI) and the Central leader of the Businessmen Forum, Captain Abdul Rashid Abro, has expressed his concern over the government’s approval of a 50% increase in gas prices after the IMF conditions, saying that the government has already increased the electricity prices immensely, which will adversely affect the business class and the poor and middle class people of the country, while the price of electricity and gas will be greatly affected. As it increases, the survival of industrial, commercial, agricultural and other sectors will be in danger. He said that the increase in power tariff will deal a severe blow to domestic exports, which are already decreasing, while new investments are also negligible, industrial units are barely continuing their production process.
Captain Abro said that the approval of increasing the price of gas by 50% after 7.50 rupees per unit of electricity will be disastrous for the industrial sector.
Captain Abro demanded from the Prime Minister Mian Shehbaz Sharif to withdraw the decision to increase the prices of electricity and gas and not to push more than 25 crore people of the country into the quagmire of difficulties on the orders of the IMF.
