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Petroleum

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    Policy rate is set to 8.5 pc after 1 pc increase; Economic activities will be limited. Increase in gas tariff and interest rate will cause increased cost...

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    (1 October, 2018) President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said that policy rate has increased by 25 bps in...
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    Interest rate hiked by 25 bps; impacts will be drawn on investment, industry & CoDB. Inflation reached to 7.2 pc; highest in 4 years.

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    (February 04, 2019) President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said that State Bank has increased...
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    IMF programme failed to bring stability Shrinking economy endangering economic, social targets Dampening demand for LNG and Diesel a negative indication.

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    (July 26, 2019) President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said contrary to the expectations the IMF’s programme...
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    Another gas price hike to damage masses, economy Prime Minister should reject gas price hike proposal Masses, industry cannot take another gas shock.

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    (May 20, 2019) President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said proposed gas price hike will...
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    Hike in oil price unjustified: PBIF PM asked to reverse the unparalleled increase in oil prices Climbing prices hitting masses and businesses.

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    (May 06, 2019) President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday asked the Prime Minister Imran Khan...
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    Fixed tax for commercial importers demanded. Steel industry, fertilizer distributors and dealers should be supported. Petrol price hike to result in inflation, hit exports.

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    (June 29, 2020) President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, FPCCI’s Businessmen Panel Sr. Vice Chairman, and former provincial minister Mian Zahid Hussain on Monday said continued economic downfall since two years and virus has damaged...
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    Pertr price hike necessary to salvage the economy. Cost of recent political turmoil is estimated at Rs60 billion. Interest rate hike will increase unemployment.

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    (May 27, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance and former Provincial Minister Mian Zahid Hussain on Friday said political tensions in the country have reached their peak and...
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    Elements spreading rumours of financial emergency are enemies of Pakistan. Delay in IMF deal worries investors, weakens rupee against the dollar. Stabilizing rupee difficult unless foreign loan arrives.

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    (June 08, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance and Former Provincial Minister Mian Zahid Hussain on Wednesday said those who spread rumours of financial emergency have caused severe damage to...
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    Dollar devastation has outweighed natural disasters. The agreement with the IMF is expected in a few days. Political, economic instability is destroying economy.

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    (June 22, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the government is constantly swallowing the bitter bullets of difficult...
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    Low fuel prices in a deteriorating economy are unworkable. Oil subsidy wastes two billion rupees per day, mostly benefitting rich. Govt can keep inflation low through cross-subsidy.

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    (April 27, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance and Former Provincial Minister Mian Zahid Hussain on Wednesday said Pakistan has the weakest economy in the region but the price...
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