ADVERTISEMENT
Friday, August 29, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

PYMA urges Govt to reduce Petroleum prices to save industries, SMEs from collapse

News Desk
June 4, 2022
Pakistan Yarn Merchants Association
Share on FacebookShare on Twitter

Saqib Naseem, Chairman Pakistan Yarn Merchants Association (PYMA), Muhammad Junaid Teli, Vice Chairman, Sind & Balochistan region, have termed the sharp rise in prices of petroleum products by Rs 30, excessive power tariff and severe energy crisis as catastrophic for business and industry, and demanded from the government to save industries, especially SMEs, from catastrophe by significantly reduce Petroleum prices. They also requested to reduce utility charges so that trade and industrial activities can be continued without any delay.

In a statement, PYMA office-bearers said that the business community is worried as the SBP has already raised interest rates by 150 basis points (1.5 per cent) to 13.75 per cent, and along with the energy crisis, a sharp rise in petroleum product prices will now break the back of the business community. Therefore, any move that is detrimental to business and industry should be avoided.

Advertisements

Saqib Naseem, Junaid Teli demanded the government to withdraw the recent increase of Rs 30 in petroleum products to facilitate trade and boost trade activities, and take steps to overcome the energy crisis by reducing electricity and gas prices so that business and manufacturing activities can continue unabated.

Advertisements
Tags: Pakistan Yarn Merchants AssociationPYMA
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Indonesian Consulate General in Karachi Encourages Sukkur Entrepreneurs to Participate in Trade Expo Indonesia 2025
Business

Indonesian Consulate General in Karachi Encourages Sukkur Entrepreneurs to Participate in Trade Expo Indonesia 2025

August 28, 2025
Faysal Bank Reports H1 2025 Financial Results Amidst Continued Business Momentum
BANKING

Faysal Bank Reports H1 2025 Financial Results Amidst Continued Business Momentum

August 28, 2025
KSBL and JS Bank Convene Roundtable to Chart the Future of SME  Financing in Pakistan
BANKING

KSBL and JS Bank Convene Roundtable to Chart the Future of SME Financing in Pakistan

August 28, 2025
DIG EAST Police DR. Farrukh ALi, Senior Vice Chairman ABAD Syed Afzal Hameed,
Business

DIG EAST Police DR. Farrukh ALi, Senior Vice Chairman ABAD Syed Afzal Hameed,

August 28, 2025
FPCCI Welcomes Thomas E. Schultze as the Consul General of Germany in Karachi  Atif Ikram Sheikh, President FPCCI
Business

FPCCI Welcomes Thomas E. Schultze as the Consul General of Germany in Karachi Atif Ikram Sheikh, President FPCCI

August 28, 2025
Driving Digital Transformation: CDC Integrates RAAST Aggregator with AKD Securities
BANKING

Driving Digital Transformation: CDC Integrates RAAST Aggregator with AKD Securities

August 28, 2025
UK Scholarships Empower 80 Pakistani Future Leaders to Study at Leading British Universities
Business

UK Scholarships Empower 80 Pakistani Future Leaders to Study at Leading British Universities

August 28, 2025
Celebrating Youm-e-Takbeer: A Momentous Occasion in Pakistan’s History.
Headline

Summer Vacations Extended at BZU Till September 7

August 28, 2025
PSMA (Punjab Zone) spokesman has said that the ex-mill price of sugar has not increased
Headline

Sugar crisis deepens as wholesale markets shut down across Pakistan

August 28, 2025
ATC Sends Imran Khan’s Nephew Shershah on Judicial Remand in Jinnah House Case
Headline

ATC Sends Imran Khan’s Nephew Shershah on Judicial Remand in Jinnah House Case

August 28, 2025
Next Post
Nokia mobile

Nokia mobile chief has harsh words for open RAN

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Lahore LGBTQ-themed Event Featuring ‘Satanic’ Imagery Triggers Online Outrage

Binance Holds Over One-Third of Crypto Exchange Market Share in the United States, United Kingdom and Germany.

Ather Iqbal & Irfan Fadoo organized a dinner reception at their residency.

IBA KARACHI’S “MARKA-E-HAQ” FESTIVITIES HONOR THE LEGACY OF “BUNYAN-AL- MARSOOS”

We will live with Covid19 for months. Let’s not deny it or panic: Dr. Faheem Younus

Must Read

Kazim Mujtaba
Headline

Kazim Mujtaba becomes Jazz’s first Chief Data & Strategy Officer

November 2, 2021
OPF provides toolkits to returning migrants for better employments
Headline

OPF provides toolkits to returning migrants for better employments

September 21, 2022
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.