Korangi Association of Trade and Industry (KATI) Patron-in-Chief SM Muneer and President Salman Aslam on Monday welcomed the reduction in prices of petroleum products and electricity by Prime Minister Imran Khan’s address to the Nation.

SM Muneer said that Prime Minister Imran Khan has reciprocated the aspirations of the people, and reduced the prices of petroleum products at a time when the country and the nation were in dire need of it. He welcomed the Prime Minister’s decision, saying that the war between Russia and Ukraine had pushed international oil prices to a seven-year high. In such a situation, everyone was of the opinion that the prices of petroleum products would increase further in Pakistan as well. The business community was also worried that a further increase in petroleum products would ruin the business. He said that the government had won the hearts of the people by taking timely decisions.

President KATI Salman Aslam termed the decision of the Prime Minister as the best example of people-friendliness and patriotism. He said that the Prime Minister had saved the country from a major crisis while the dangers of another world war were looming globally.

Salman Aslam welcomed the Prime Minister for stopping the increase in electricity tariffs and appealed for further reduction in electricity and gas prices so as to reduce the cost of production.

President KATI further said that at the same time, effective arrangements should be made to reduce the prices of food items so that the fruits of the relief provided by the Prime Minister could reach the common man.