PTI warns EU trade access at risk, criticizes fuel price hikes

PTI warns EU trade access at risk, criticizes fuel price hikes

The Pakistan Tehreek-e-Insaf (PTI) warned that the country's duty-free access to the EU market via the GSP+ scheme could be jeopardized by the government's failure to meet human rights obligations. The party also condemned five consecutive daily increases in fuel prices, noting petrol rose by Rs21 and diesel by Rs56, reaching Rs331.52/L and Rs378.66/L respectively. The potential loss of GSP+ status could strain Pakistan's economy and the Rupee, while rising fuel costs are likely to fuel inflation, potentially influencing local gold and currency rates.

بحوالہ / Source: www.brecorder.com