Trading hit by petroleum products’ price-hike
KARACHI: Following yesterday’s enhancement in prices of petroleum products, trading here today went sluggish.Karachi Retail Grocers Group’s General Secretary, Fareed Quraishi told this to Geo news. He said that the hike in prices of petroleum products trigger change reactions, which also lead to spiraling of prices of food items. Fareed Quraishi further said that the citizens’ purchasing power appears waning and the volume of trading has also shrunk by 50 to 60 percent. Bilal Traders’ Abdul Waheed told that the inflation rate would further go up.