Islamabad: The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warned the government of another hike in gas prices by up to 31%, as the gas companies have sought an increase of up to Rs194 per unit in their tariffs.
The chairman of the Businessmen Panel (BMP) Mian Anjum Nisar said that the cost of doing business has already been increased manifold, leading to constant decline in exports but the Sui Southern Gas Company and Sui Northern Gas Pipelines Limited are planning to put an additional revenue burden of about Rs94 billion on domestic as well as the industrial consumers, as they are planning to increase their tariffs, though the government has already raised gas prices by up to 190% in July this year under tough conditions of the $6 billion International Monetary Fund (IMF) loan programme.
Mian Anjum Nisar added that electricity prices were also increased by Rs1.50 per unit which is unfortunate.
Trending
- Designating Dar as deputy PM
- The world has lost the great leader of Muslim world
- Addressing the Human Rights Challenges: Bridging the Knowledge Gap and Boosting Enthusiasm
- Nexus between faithfulness and economic wellbeing
- Social Media a Part of Billions people
- Consumers’ down-trading to illegal cigarette brands is expected to cause an annual loss of PKR310b to the national exchequer: NUST Report
- OICCI and Shell Pakistan Unite to Address Energy Challenges
- Govt should set up a judicial commission and give real punishments to the elements involved in AJK incidents: Tahir Khokhar