PGTA Announces 15% Reduction in Goods Transport Fares
The Pakistan Goods Transport Alliance (PGTA) has welcomed the government's decision to reduce petroleum prices and announced a 15 percent reduction in goods transport fares across the country. Speaking to media persons in Karachi, PGTA President Malik Shehzad Awan said the reduction in fuel prices had provided much-needed relief to the transport sector, which has been facing rising operational costs in recent months.
Call for Further Reductions in Petroleum Products
He expressed hope that petroleum products would become even cheaper in the coming weeks, further easing financial pressure on transporters and benefiting businesses and consumers alike. He also urged authorities to immediately withdraw the increase in withholding tax announced in the federal budget.
Demand for Relief in Toll Taxes and Penalties
He called for relief in toll taxes, e-challan penalties, and other levies affecting the transport industry. The PGTA president emphasized that reducing these additional costs would help stabilize the supply chain and lower consumer prices.
Impact on Businesses and Consumers
The 15 percent fare reduction is expected to lower transportation costs for goods, which could translate into lower prices for end consumers. The transport sector has been grappling with high fuel prices and inflation, and this move aims to provide some respite.
Background on Fuel Price Reduction
The government recently reduced petroleum prices as part of efforts to curb inflation and provide relief to the public. The reduction in fuel prices has been widely welcomed by various sectors, including transport, agriculture, and industry.
