LAHORE

The Lahore Chamber of Commerce and Industry (LCCI) Friday demanded of the government to avoid any increase in the gas tariff. At present when economy is excelling and economic indicators are po rtraying an encouraging picture, increase in gas tariff would dash all efforts of the government, LCCI said.

LCCI President Ijaz A. Mumtaz said that increase any increase in gas tariff would give a big blow to the trade & industry which is trying to supplement the government’s efforts aimed at economic revival despite various challenges.

“Policy makers would have to keep it in their minds that gas is the basic raw material of the industry and increase in its prices would add to the miseries of Pakistani products in the international market”, Ijaz A. Mumtaz said.

The LCCI President said that increase in gas tariff would jack-up cost of doing business manifold and oust the export-oriented industries from the international export market where Pakistani products already facing hard competition. He said that such anti-business acts would hamper the growth of manufacturing sector.