Sarhad Chamber of Commerce President Urges Government Action

The recent rapid increase in fuel, electricity, and gas prices has sparked concerns among the business community in Khyber Pakhtunkhwa, as highlighted by Sarhad Chamber of Commerce and Industry president Fuad Ishaq. Ishaq emphasized that the surge in prices would have a detrimental impact on the performance of industries in the region. Despite Khyber Pakhtunkhwa's self-sufficiency in electricity and gas production, the burden of price hikes, shared with other developed provinces, is deemed unjust and unacceptable by Ishaq.

He urged the federal government to retract the recent price hikes, citing the unfair distribution of economic burdens. Ishaq pointed out that the escalating prices of essential commodities like electricity, gas, and petroleum were not only affecting industrial production costs but also leading to a rise in prices of daily use items, significantly impacting the common man and the business community.

Furthermore, Ishaq warned that the current situation could potentially escalate into a law and order crisis in the province, with industries already facing a decline due to government policies, resulting in increased unemployment. He stressed the need for utilizing Khyber Pakhtunkhwa's abundant natural resources to support local industries and businesses, preventing the migration of people to other provinces in search of livelihood opportunities.

In conclusion, the SCCI president's call for immediate government intervention to address the economic challenges facing Khyber Pakhtunkhwa underscores the urgency of the situation. Failure to alleviate the economic burdens on the province could lead to widespread unrest and instability, posing a threat to the overall socio-economic fabric of the region.