LCCI opposes gas tariff hike LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has strongly condemned the Oil and Gas Regulatory Authority (Ogra) for recommending an increase of 36 per cent in the gas tariff.
In a statement issued on Monday, LCCI President Abdul Basit demanded that the government should turn down Ogra’s recommendation.
He said Ogra’s recommendation implies the regulator is not aware of ground realities. He said the increase of 36pc in the gas tariff will hurt exports by jacking up the cost of doing business.
Mr Basit said such anti-business measures will hamper the manufacturing sector’s growth. He added that the government has vowed to take the private sector on board, but regulators like Ogra never consult the LCCI or sector-specific associations.
Mr Basit said Ogra is not doing any service to the industry, adding that it is actually widening the gap between the public and private sectors.
He said the government is tightening the noose around the private sector’s neck, although most countries around the world try to facilitate their private sectors.
He said that even the slightest increase in the cost of production at this juncture will be disastrous for Pakistan’s exports.