Korangi traders hail reduction in POL prices

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The trade and industry has hailed the government decision to reduce POL and CNG prices. In a statement the patron in-chief Korangi Association of Trade and Industry (KATI), SM Muneer, Chairman Ehtesham Uddin, President All Karachi Industrial Alliance Mian Zahid Hussain, Vice Presidents Hasham A Razzak and Tariq Malik and Chairman Standing Committee on Press and Media, Syed Johar Ali Qandhari while welcoming the government’s move said that reversal of POL and CNG prices will set a good precedence and improve present government’s image in the public which has remained tarnished due to frequent price increases oil, gas and electricity for the last four years. They said that POL prices are on the constant decline and the government should have taken this decision to reduce a month ago.