Business leaders hails government’s decision to lower prices of petroleum products

Karachi, December 08, 2014 (PPI-OT): Patron-in-Chief KATI, Mr. S.M. Muneer, President All Karachi Industrial Alliance Mian Zahid Hussain and President KATI Rashid Ahmed Siddiqui hailed the decision of government for lowering the prices of petroleum products and All the things are moving in the right direction except for the country’s political temperature which continue to rise. Mr. S. M. Muneer said that it a prudent decision of the government as this would directly effect in lowering the cost of production and enhancing the exports.

He said that the Prime Minister of Pakistan Mian Nawaz Sharif has paved the way for economic progress of the country and now it the duty of politicians, businessmen and transporters to play their due role and put their share for the progress of the country as the significant lowering of petrol prices will directly benefit the common man.

Mian Zahid Hussain said that lower oil prices make it cheaper for companies to purchase raw materials, operate factories properly, and transport products improving their business performance.

He said that the decision of the Prime Minister Nawaz Sharif has not only supported masses but also triggered economic recovery and Government has reduced oil prices drastically which has reduced inflation, improved households budgets enables people to spend their surplus money on other things.

Mr. Rashid Ahmed Siddiqui President KATI said that the decision of government for lowering of prices of petroleum products is commendable as it would be beneficial for the entire nation. It would also help the exporters to sell their product at lower cost who are worried due to increase in gas and electricity prices. Rashid Ahmed Siddiqui demanded that transporters should also revised the fares as now they are getting significant relief.

For more information, contact:
Abdul Wahab
Press Secretary KATI
Korangi Association of Trade and Industry (KATI)
ST-4/2, Sector 23, Korangi Industrial Area,
Karachi 74900
Tel: +92-21-35061211-2
Cell: +92-315-2306512
Fax: +92-21-35061215

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