Govt’s decision ‘reckless’ of not increasing POL prices
Islamabad: Former Finance Minister Miftah Ismail termed government’s decision to not increase petroleum development levy (PDL) this month without International Monetary Fund’s (IMF) approval, “reckless”, but clarified that what PTI did with “economy was unforgivable”.
Responding to PTI leader Shaukat Tarin on Twitter, Miftah reminded former Finance Minister that his government had violated agreement it had signed with IMF by slashing petrol prices ahead of no-confidence vote.
“You agreed to increase Sales Tax to 17 percent but reduced it to zero. You agreed to raise petrol levy every month by Rs 4 to Rs 30 but brought it to zero. You agreed to not give amnesty but gave one anyway,” said Miftah. He added that PTI government gave an “unfunded, unsustainable subsidy on petrol”. “Not increasing PDL this month without IMF approval is reckless, but what PTI did with our economy was unforgivable,” said Miftah on recent cut in prices announced by Finance Minister Ishaq Dar.
Published in The Daily National Courier, October, 03 2022