Fahimur Rahman Saigul says the decision provides great relief to the business community and public sector
Lahore: (Urdu Point / Urdu Point / Pakistan Point News – March 28)y2026). Lahore Fahimur Rahman Saigul Chamber of Commerce and Industry expressed its appreciation prime minister Mohammed Shahbaz Sharif To decide not to increase Prices to gasoline And high-speed diesel despite extraordinary global pressures and international rise oil Prices, indicating that the decision provided great relief to everyone a job Society and the general public.
In a statement issued on Saturday LCCI The president said that world It is currently facing an unprecedented fuel crisis due to ongoing geopolitical tensions and instability in the country middle East, which severely affected global energy Markets. He pointed out that many countries are experiencing a severe fuel shortage price High prices and economic uncertainty are what prompted Pakistan to take the decision to protect its citizens from direct price The escalation is timely and commendable.
Fahimur Rahman Saigul said that the Prime Minister rejected the increase recommendations gasoline Prices at Rs 95 per liter and high-speed diesel at Rs 203 per liter show the government’s commitment to protect citizens and maintain economic activity during difficult times. He added that fuel prices directly affect industrial production costs, transportation expenses, agricultural operations, and general inflation. And thus maintain price Stabilization will help prevent a further increase in It costs Of living.
He stressed that a job Society has consistently highlighted the importance of predictable energy costs for economic stability and industrial continuity.
According to him, the government’s decision to absorb the huge financial burden in order to provide relief reflects a people-centric economic approach that will help restore a job Trust at the time Markets It remains volatile.
the LCCI The president said that the austerity measures he had adopted governmentThis, including cuts in development expenditures and fiscal adjustments, indicates serious efforts to manage economic challenges responsibly. He pointed out that if the international fuel price If the increases had been fully passed on to consumers, the country could have faced a new wave of inflation affecting industries, trade, and households alike.
Fahimur Rahman Saigul also welcomed the government’s decision to introduce A mobile An app-based targeted subsidy system for two-wheelers and three-wheelers, terming it a progressive step towards ensuring that relief reaches the low-income segments while reducing leakage of public funds. He said use technology Targeted subsidies would enhance transparency and efficiency in the management of public resources.
He also stated that in light of the prevailing global economic environment, both… government Citizens must show collective responsibility. Promoting energy conservation, avoiding unnecessary fuel consumption, and adopting austerity at the national level will help the country overcome persistent economic challenges more effectively.