The chairman of the Pakistan Tanners Association (PTA), Khawaja M. Yousuf has expressed concern over the fourth consecutive increase in the price of petrol and petroleum products effective from March 1. Criticising the government decision to increase prices from PRs42.39 ($0.7115) to PRs.43.96 per litre, he claims it will adversely affect industries in general and the leather industry, in particular, as an increase in the prices of such products will increase production costs which will in turn render manufacturers and exporters uncompetitive in the world market, especially in the wake of WTO era.

Share this story: