The Pakistan Goods Transport Alliance (PGTA) has announced a major 40% reduction in freight fares across the country. The decision comes after a significant decrease in fuel prices by the government.
PGTA President Malik Shahzad Awan confirmed the development and welcomed the government’s move. He expressed optimism that further reductions in fuel prices would bring additional relief to the transport sector.
The announcement follows a recent decision by Prime Minister Shehbaz Sharif to cut petroleum prices in order to reduce the financial burden on citizens and businesses.
Petrol prices were reduced by Rs11.83 per liter, while diesel prices saw a massive cut of Rs134.81 per liter. This sharp decline provided immediate relief to transporters, enabling them to pass benefits on to customers.
Despite the reduction in fares, transporters have called on the government to further ease financial pressures. They urged authorities to reduce toll taxes and withholding taxes to support the industry.
Industry representatives stated that lowering the tax burden would help sustain reduced freight costs. They also believe this step could contribute to lowering inflation and stabilizing prices of essential goods.
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