The BMP warned that daily petroleum price revisions would fuel inflation, undermine business confidence, and increase economic uncertainty by making business planning difficult. Chairman Mian Anjum Nisar criticized the government for quickly passing on international price increases while failing to provide relief during declines. He argued this approach prioritizes revenue over public welfare and industrial competitiveness, increasing production costs for exporters. This policy could exacerbate inflationary pressures and economic instability, potentially impacting USD/PKR rates and local gold demand.
بحوالہ / Source: www.brecorder.com