Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has strongly demanded that the government reevaluate its policy of continuously increasing energy prices on an immediate basis. Particularly, the decision to increase captive gas price to Rs. 2,750/MMBtu — an increase of 223% since January 2023 — threatens the very survival of Pakistan’s industrial sectors and a complete collapse is imminent. Mr. Atif Ikram Sheikh explained that the direct consequence of spiraling energy costs is an increase in production costs across all industrial sectors, forcing businesses to pass these costs onto consumers.…
Read MoreGas at 2,750 per MMBtu Price Hike Will Make Industries Shut Down
