Govt decides not to roll back fuel subsidies
Federal Finance Minister Miftah Ismail on Sunday said that, new coalition government will not increase the prices of petroleum products by giving subsidies to the people.
Addressing a press conference in Islamabad, Finance Minister Miftah Ismail said that the government has no intention to increase the price of petroleum products. Prime Minister Shahbaz Sharif has refused to impose burden on the people.
“Shaukat Tareen had promised the IMF that they [PTI] would end the subsidy but we would not end the subsidy. I am going to the IMF to talk to them.” Miftah said.
The Federal Minister for Finance said that the IMF mission is coming to Qatar on the 18th and we will talk to them.
Miftah Ismail stated that when our government formed, 5,000 MW plants were closed due to lack of fuel. 2,000 MW plants were closed for repairs.
“In the future, the prices of petroleum products will be adjusted somewhere but it is not the right time for raising the prices of petroleum products. We have come to make life easier for the people and we are working for it,” he added.
Criticizing the former ministers, Miftah said, “For God’s sake, don’t teach us about the economy. Everyone knows what you have done to country’s economy.”