High 14 oC - Low 7 oC

Every quarter, please

APP Friday, 10 Aug 2012 7:37 am | Comments
OGRA

ISLAMABAD - The Islamabad Chamber of Commerce and Industry (ICCI) Thursday urged the government to revise the prices of petroleum products on quarterly basis rather than on weekly basis. Commenting on the decisions of Economic Coordination Committee (ECC), ICCI President Yassar Sakhi Butt said implementation of ECC decision of revising the prices of petroleum products on weekly basis would create problems for the trade and industry. He was of the view that business community would not be able to calculate return on investment when the cost of doing business would fluctuate on weekly basis. He was of the view that the new petroleum policy should focus on enhancing oil and gas production in the country to seek a respite from the crippling oil import
bill, and ease domestic pains of power and gas shortages.

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