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November 26, 2010

Paper price hike irks merchants

Sports

AFP
November 26, 2010

LAHORE: All Pakistan Paper Merchants Association, in its meeting held with its President Samiullah Butt in the chair, expressed concern over price hike in the country, particularly unabated increase in paper and paperboard prices and passed a resolution against it, a statement said.
According to the resolution, during the last three months around 20-25 percent increase was made in their prices due to which today the prices of local paper have reached the Rs85,000 per ton. The mills of paperboard have also increased its price to Rs12,000 per ton.
It has further been said in the resolution that at present the prices of Pakistani paper are skyrocketing and such an increase in its prices was never noticed in the country’s history.
It has been said that the hike in paper prices is self-made, which is the outcome of joint conspiracy by mill-owners and Text Book Board due to which the prices of books and notebooks would further enhance having directly negative impact on students and literacy rate.
It was decided during the meeting that if the paper prices are not brought down the merchants and consumers would be forced to take decisive step in this regard.
A five-member committee headed by the association’s president was formed to chalk out further line of action, the statement added.

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