Traders welcome cut in electricity prices
Trade bodies say reduction in petroleum and electricity prices will bring down prices of almost all products.
Members of the business community have hailed Prime Minister Nawaz Sharif's announcement about 2.32 rupees per unit reduction in electricity prices.
They said this will have an overall good impact on the national economy.
President Karachi Chamber of Commerce and Industry Iqbal Vohra said this decision would be equally beneficial for the masses as well as the business community.
He said slashing rates of electricity and petroleum products would help in bringing down the prices of almost all products.
President Federation of Pakistan Chamber of Commerce and Industry Zakaria Usman said reduction in electricity rates would benefit domestic, agricultural and industrial consumers.