Increase in prices of petroleum products would sabotage Prime Minister Imran Khan’s vision of lowering input cost, industry representatives said on Saturday. Further, the industry in Karachi said gas shortages were leading to delayed manufacturing and export shipments. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar said PM Khan had announced various measures aimed at lowering input cost through Industrial Power Tariff for SMEs and cut in markup rates to seven per cent by the State Bank. “Brent price in the international market has crossed $50 per barrel but the government can compensate industrial and general consumers by slashing the levies and taxes ratio on oil as the government has yet been charging very high petroleum levy […]