Jamaat-e-Islami Sindh Chief Kashif Saeed Sheikh condemned the Rs220/litre petroleum levy as a "protection tax" exacerbating record inflation and rising prices of essentials. The party plans province-wide protests on August 7, including road blockades and sit-ins, to demand the levy's abolition and fuel price cuts. Sheikh warned that heavy fuel taxes weaken the economy, increase unemployment, and drive up commodity prices. This ongoing economic pressure and potential for social unrest could further impact investor confidence, potentially influencing USD/PKR rates and local gold demand as a hedge.
بحوالہ / Source: www.brecorder.com