POL prices hike could affect export target
KARACHI: The increase in petroleum product prices and current interest rate could affect the export target.
President of Pakistan Chamber of Commerce and Industries Sultan Chawala told Geo News that government has retained the interest rate in monetary policy whereas increment in oil prices also created difficulties for the traders. He said production cost will be increased due to hike in POL prices. Chawala said rupee devaluation could be beneficial for the exporters for temporary period but it will harm the economy.
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