KARACHI: Amaan Pracha, Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has warned that the recent surge in gas tariffs and oil prices is severely damaging Pakistan’s export competitiveness and industrial stability.
Speaking to the media at the FPCCI, Pracha expressed deep concern over the government’s decision to raise gas prices for industries despite repeated requests from the business community for a reduction. “This move makes Pakistan more expensive compared to regional competitors, discouraging exports instead of promoting them,” he stated.
He noted that the combined effect of rising gas, petroleum, and essential commodity prices has burdened both the general public and industries. The increase in production costs could force factories to shut down, resulting in job losses and further economic distress.
Pracha emphasized that the hike in energy prices is undermining exporters’ ability to meet international orders due to higher manufacturing costs. He warned that the rise in petroleum prices would also intensify inflation across the board.
Criticizing the Federal Board of Revenue (FBR), he said it had already missed its tax collection targets, and with the added pressure on industries, achieving future revenue goals would be even more difficult.
Calling for immediate government intervention, Pracha urged authorities to reduce gas and oil prices to help lower production costs, enhance exports, and earn vital foreign exchange for the country.
