Trade, industry condemn frequent hikes in POL, CNG prices

Trade and industry stakeholders have strongly condemned the frequent and unabated increase in petroleum and CNG prices by the government. Patron In-Chief Korangi Association of Trade and Industry (KATI) SM Muneer, Chairman Ehtesham Uddin, Vice Chairmen, Hasham A Razzak, Tariq Malik and former Chairman, Mian Zahid Hussain, rejecting another major increase in petroleum products, said it would hit trade and industry hard besides raising inflation. They demanded withdrawal of POL and CNG price increases, saying the rise would devastate the industrial sector by increasing cost of production.