Transporters raise fares by 30pc as ‘subsidy falls short’

Transporters raise fares by 30pc as ‘subsidy falls short’

Transporters have hiked fares by 30% due to insufficient government subsidies to cover the escalating fuel costs, which have surged alongside the prices of essential goods like vegetables, fruits, and construction materials. Businesses and citizens are already feeling the pinch, and the Lahore Chamber of Commerce and Industry warns this could lead to higher production costs and reduced export competitiveness. This situation underscores the broader economic strain as Pakistan grapples with rising inflation and the need for more effective fiscal measures.

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