LAHORE: Lahore Chamber of Commerce & Industry (LCCI) Executive Committee member and Senior Executive Guard Group Momin Ali Malik has severely criticised the government for repeatedly increasing the fuel and electricity prices and withdrawing sales tax exemption on various inputs being used especially in the agricultural sector. In a statement issued here on Friday, Momin Ali Malik said that time and again increase in the prices of petroleum products and electricity is making our industry uncompetitive not only in the domestic market against the imported items but also rendering our export oriented industries uncompetitive in the international market. He said that it has become impossible for the industries and businesses to make some long term planning as they do not know when the prices of fuel or electricity increase making their financial feasibilities impracticable. Similarly, he said that agriculture which is our backbone and main supplier of raw material for our export oriented sectors is in dire stress due to non availability of quality seeds especially in cotton sector. It is unfortunate that the government has slapped sales tax on import of quality seed of different crops. It may be worth mentioning that imported hybrid seed of rice and corn … Continue reading Industrialist laments govt over repeated hike in oil, gas prices