ISLAMABAD: In a surprise move, the Pakistan government has increased the rate of petroleum products by 30 PKR per liter or one-fourth of their current prices, paving the way for reaching an agreement on employee level. International Monetary Fund (IMF) till 12 June.
The unprecedented decision will help in neutralizing the landmines laid by the Prime Minister’s government. Imran Khan The Express Tribune reported that, on the one hand, and on the other would save the country from being short of default.
Finance Minister miftah ismail After the prime minister made the decision public at an unscheduled news conference Shahbaz Sharif He was given the green signal in the party meeting.
With the new hike, the new price of petrol will be PKR 179.88 per litre, which is the highest rate ever, and represents an increase of 20 per cent from the current prices.
As The Express Tribune reported, Ismail said it was the government’s “tough decision that would destroy political capital”.
“The government was giving a subsidy of 56 PKR per liter and I have reduced by only 30 PKR per liter,” he told the news conference.
The new price of the high-speed-diesel will be PKR 174.86 per litre, an increase of 20.8 per cent.
Ismail said that the government is giving a subsidy of Rs 86 per liter, and in the first batch it has reduced the subsidy amount by only 30 PKR.
“The government cannot lead the country to default and is ready to pay a political price to protect the interests of the state.
“Protecting the political interests of the government or saving the country from default is an option and we have decided to protect the interests of the state,” he said.
The government’s decision to raise prices at the expense of political capital suggests that it may have received approval from the establishment to remain in power longer than before.
The government had refused to take tough decisions and then hold mid-term elections to pave the way for PTI’s victory.
The unprecedented decision will help in neutralizing the landmines laid by the Prime Minister’s government. Imran Khan The Express Tribune reported that, on the one hand, and on the other would save the country from being short of default.
Finance Minister miftah ismail After the prime minister made the decision public at an unscheduled news conference Shahbaz Sharif He was given the green signal in the party meeting.
With the new hike, the new price of petrol will be PKR 179.88 per litre, which is the highest rate ever, and represents an increase of 20 per cent from the current prices.
As The Express Tribune reported, Ismail said it was the government’s “tough decision that would destroy political capital”.
“The government was giving a subsidy of 56 PKR per liter and I have reduced by only 30 PKR per liter,” he told the news conference.
The new price of the high-speed-diesel will be PKR 174.86 per litre, an increase of 20.8 per cent.
Ismail said that the government is giving a subsidy of Rs 86 per liter, and in the first batch it has reduced the subsidy amount by only 30 PKR.
“The government cannot lead the country to default and is ready to pay a political price to protect the interests of the state.
“Protecting the political interests of the government or saving the country from default is an option and we have decided to protect the interests of the state,” he said.
The government’s decision to raise prices at the expense of political capital suggests that it may have received approval from the establishment to remain in power longer than before.
The government had refused to take tough decisions and then hold mid-term elections to pave the way for PTI’s victory.