Transporters welcome federal government's decision to reduce petroleum prices, hoping for further relief that will benefit the entire economy.
The Pakistan Goods Transport Alliance has announced a six per cent reduction in freight charges following the federal government’s decision to cut petroleum product prices. This move is seen as a positive step by transporters and businesses alike, who have long been grappling with rising operational costs.
Speaking on behalf of the alliance, President Malik Shehzad Awan expressed appreciation for the Prime Minister's efforts to provide relief in diesel and petrol prices. He lower fuel prices not only benefit transporters but also contribute positively to the overall economy. Awan current geopolitical conditions have significantly impacted import and export activities, leading to a sharp decline in business operations.
The president highlighted that due to reduced workload and rising costs, thousands of transport vehicles had been parked as operators struggled to sustain their operations under prevailing conditions. He emphasized that the sector was currently running at a loss for the larger national interest and had previously demanded relief in withholding tax, toll tax, and what he termed "excessive challans" issued by traffic and motorway police.
This reduction in freight charges is expected to alleviate some of the financial burden on transporters and potentially boost economic activities. With hopes that further reductions will follow in the coming days, the alliance remains optimistic about the future prospects for the industry.
