Govt to devise policy for hike in petroleum prices: Minister

News Image

MG News | April 26, 2022 at 08:52 AM GMT+05:00

0:00

April 26, 2022: Minister for Finance Miftah Ismail on Monday said the government was devise a policy to increase the petroleum prices.

The elite class having big vehicles could not be given subsidy, however, those using less petrol such as motorcyclists would be given relief, he said while talking to a private news channel.

Miftah said the present government would bring administrative improvement in next few months. Prime Minister Shehbaz Sharif had advised him that no economic pressure should be put on the common people, he added.

He said the government would make all-out efforts to reduce budget deficit which had increased during the Pakistan Tehreek-e-Insaf (PTI) regime. "We will collect more tax than our predecessors without levying any new tax."

Replying to a question, the finance minister said devaluation of rupee and wrongdoings of the PTI government were the main reasons of inflation in the country.

The present government was fully focused on addressing all the economic ills, he said, adding they had initiated talks with the International Monetary Fund (IMF) in time. The government was not interested in reversing the State Bank bill at yet, he said

To another query, he said Prime Minister Shehbaz Sharif would leave the office gracefully if a vote of no-confidence succeeded against him.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,885.00 119,740.00
116,460.00
-410.00
-0.35%
BRENT CRUDE 73.49 73.63
71.75
0.98
1.35%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.32 70.51
68.45
1.11
1.60%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg