The Rawalpindi Chamber of Commerce and Industry (RCCI) has issued a stern ultimatum to the government, setting a deadline of August 29 for the withdrawal of the recent electricity price hike.

In a press conference held on Saturday, Saqib Rafiq, the President of RCCI, declared that if the government fails to heed their demand and roll back the price increase, traders are prepared to launch a protest rally from the chamber to Kachehri Chowk.

Rafiq expressed the grave concerns of traders, emphasizing their inability to remain competitive in the international market under the current electricity pricing structure. He lamented the challenging business environment, citing the unfortunate closure of numerous businesses.

The RCCI President underscored the importance of the government exploring alternative sources of energy to facilitate affordable electricity rates. Such an initiative, he argued, would not only benefit businesses but also foster a conducive investment climate, thereby enhancing tax collection.

Rafiq further highlighted a series of pressing issues that warrant immediate government attention. These include the escalating interest rates, the uncertain status of the US dollar, soaring fuel costs, higher tariffs for gas and power, and unrelenting food inflation. He urged the government to prioritize addressing these critical concerns to stabilize the economic landscape.

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