Chairman Association of Builders and Developers of Pakistan welcomes recent announcement by Government about reduction in prices of petroleum products : AsiaNet-Pakistan

Chairman Association of Builders and Developers of Pakistan welcomes recent announcement by Government about reduction in prices of petroleum products

December 3, 2014 | General Business News | Share:

Karachi, December 03, 2014 (PPI-OT): Chairman ABAD, Junaid Ashraf Taloo has welcomed the recent announcement by Government of Pakistan about reduction in the prices of petroleum products. He said that availability of petroleum products at less cost will affect the price of everything as it will reduce the transportation cost of steel, cement and other inputs of construction industry.

This will ultimately reduce the cost and price of housing units which will increase the construction activity and create more jobs for skilled and unskilled labour. ABAD Chairman said that the cumulative effect of all this will affect the revival of the economy which will accelerate and bring prosperity to the depressed state of Pak economy.

The reduction in prices of petroleum products will also have positive effect on allied industries whose products will be available at reduced prices due to a fall in the cost which will result in better sales and increased production.

Chairman ABAD expressed his confidence that this and the last reduction in the prices of petroleum products will have a long lasting favourable effect on all sectors of the economy as the input cost will be reduced which will help in increased production and sales. We can therefore expect better days in future.

For more information, contact:
S. Javed Jafri
Secretary General – ABAD
Association of Builders and Developers of Pakistan
ABAD House, ST-1/D, Block-16, Gulistan-e-Jauhar
Karachi – 75290
Pakistan.
UAN: 111-11-ABAD (2223)
Tel: +92-21-34613645-47, +92-21-34613649
Fax: 021-34613648
E-Mail: info@abad.com.pk – abadsecretariat@yahoo.com
Website: www.abad.com.pk

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Category: General Business News