Skip to main content

‘Caretaker govt not to be formed before August 2023’

Miftah Ismail, caretaker government, petrol price

ISLAMABAD: Finance Minister Miftah Ismail said on Thursday that the caretaker government will not be formed before August 2023, ARY News reported.

Miftah Ismail, while addressing a press conference today, said that the coalition government is ready to bear any kind of political loss but the caretaker government will not be formed before August 2023.

He said that the federal government took the right decision by hiking the prices of petroleum products. The finance minister announced to hike the petrol, diesel, light diesel and kerosene oil prices up to Rs30 per litre.

READ: ‘PETROLEUM PRICES SHOULD HAVE BEEN INCREASED IN PHASES,’ SHAUKAT TARIN

Miftah Ismail said that the government is currently giving a subsidy of Rs56 per litre and so far bore Rs55 billion financial loss within 15 days.

He said that Prime Minister Shehbaz Sharif took a tough decision in view of the current economic situation. He added that the government is prioritising the national interests besides blaming the previous government’s policies which rose the inflation rate.

Ismail claimed that the previous government led by Pakistan Tehreek-e-Insaf (PTI) had fixed the petrol and diesel prices. “It is a difficult decision for us to put the financial burden on the nation but it is inevitable. Elite and weak segments are already getting the benefits of petrol subsidy.”

He clarified that Pakistan could not receive the IMF loan without increasing the prices of petroleum products. The finance minister said that the government will wait for a drop in prices of the petroleum products in the global market, however, it was necessary to pursue loan from the IMF at this time.



from Latest Pakistan News Breaking News from All over Pakistan - ARY News https://ift.tt/FmCR71o
Labels:

Comments

Post a Comment

Popular posts from this blog

PAK-IMF agreement: Govt expected to raise petroleum levy

The government of Pakistan is likely to impose additional burden on citizens by raising petroleum levy to fulfill International Monetary Fund (IMF) terms, ARY News reported on Friday, Citing sources. According to the sources, the federal government is expected to increase the petroleum levy after which the initial electricity tariff will likely to raise Rs 3 to Rs 5 per unit, adding that the gas will also become more expensive for the citizens of Pakistan. The government sources maintained that the federal cabinet will take the decision regarding the increase in electricity tariff. Simultaneously, government sources have also hinted at an anticipated decision to further increase gas prices in the near future. READ: IMF, Pakistan reach $3bn staff-level agreement Furthermore, the sources said that the Oil and Gas Regulatory Authority (OGRA) already sent a proposal to the government to raise gas tariff up to 50 per cent. The confidential sources have stated that the government posse...
Post a Comment
Read more

PTI challenges Mohsin Naqvi’s appointment as caretaker Punjab CM

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) on Friday moved Supreme Court (SC) against the Election Commission of Pakistan’s (ECP) decision to appoint the opposition nominee Syed Mohsin Raza Naqvi as the caretaker chief minister of Punjab, ARY News reported. The Election Commission of Pakistan (ECP) on Jan 22 appointed Mohsin Naqvi as the caretaker Punjab Chief Minister after the parliamentary committee failed to reach a consensus. تحریک انصاف نے سپریم کورٹ میں محسن نقوی کی تعیناتی چیلنج کردی #ARYNews pic.twitter.com/wFYhxXrQLK — ARY NEWS (@ARYNEWSOFFICIAL) January 27, 2023 The petition was filed by PTI Secretary General Asad Umar in the apex court. The petitioner pleaded with the court to declare Naqvi’s appointment “null and void” and stop him from working as caretaker Punjab chief minister. The petitioner also challenged the appointment of ECP members Babar Bharwana and Ikramullah in top court. The matter of the appointment of the caretaker Punjab CM reached the elec...
Post a Comment
Read more

Elevate Your Style with a Men's Leather Jacket with Fur Collar

When it comes to timeless fashion, the allure of an original leather jacket is undeniable. These iconic pieces have transcended generations, exuding rugged sophistication and individuality. However, if you're seeking to take your style to the next level, consider a distinctive choice: the Men's leather jacket with fur collar . The Appeal of Original Leather Jackets Original leather jackets have long been celebrated for their durability, versatility, and timeless appeal. These jackets are something beyond clothing; they are an assertion of style, an encapsulation of disobedience, and an image of exemplary cool. Whether you're riding a motorcycle, strolling through the city, or attending a casual gathering, an original leather jacket elevates your look. The Allure of a Fur Collar What sets the Men's leather jacket with fur collar apart is its exquisite detailing.The option of a fur collar not just gives an additional layer of warmth during colder months yet in addition ...
Post a Comment
Read more