Miftah Ismail defends petrol price hike

PPP co-Chairman Asif Zardari shows serious concerns Nawaz Sharif disowned POL price surge decision

Latest Aug, 17 2022
Miftah Ismail defends petrol price hike
  • 204
  • 0

ISLAMABAD: Finance Minister Miftah Ismail defended federal government’s decision to hike price of petrol after backlash from his party’s supremo Nawaz Sharif and a strong coalition partner PPP. Government jacked up price of petrol by Rs6.72 per litre for next fortnight, taking it to 233.91 per litre, while rate of diesel was also moved up to 244.44 per litre.

 In his press conference, he clarified that he had not stated that he would not be increasing price of petroleum products. “I had never said that I will not increase price of petrol, I had stated that I will not be imposing taxes on petroleum products further,” Miftah said. “I stand behind every decision of government with full responsibility,” finance minister said, noting that no economic decision was taken without his input.

Miftah also said that he respects PPP leadership and would address their reservations over decision related to prices of petroleum products.  In his statement, PPP Co-chairman Asif Ali Zardari criticised government for increasing prices despite a massive appreciation in rupee value and a decline in international oil prices.

Expressing concern over development, former President said PPP is a part of government and supports it, but there must be consultations on such decisions. “We are all here in this government to give relief to people and that should be our top priority. We are with prime minister and will meet him soon and talk about economic team.” Government’s decision invited a lot of criticism from public. Citizens are of view that prices of petroleum products are on a downward slope all over world but their prices are being increased in Pakistan.

As people vented out their views on the government’s decision, a user on Twitter tagged Maryam Nawaz and requested her to “speak to Nawaz Sharif to take notice of increase in price of petrol.” Replying to user, Maryam wrote, “Mian Sahib strongly opposed this decision.

He even said that I cannot burden people with one more penny.” She said her father stressed that he was not on board and that if government was bound by some constraint, it should go ahead with increase. Maryam said PML-N supremo disowned POL increase decision and left meeting.

 

Published in The Daily National Courier, August, 17 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

NC Desk
NC Desk https://www.dailynationalcourier.com/author/nc-desk
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

‘Reign of two families imposed on Pakistan,’ says Sirajul Haq

Lahore: JI leader Sirajul Haq said that government that was formed in “Middle of night” was not something new in country. “Reign of two families was establis...

PTI demands ‘constitutional right’ to form govts in Centre, Punjab, KP

ISLAMABAD: Pakistan Tehreek-e-Insaf demanded its ‘constitutional right’ to form governments in Centre, Punjab and Khyber Pakhtunkhwa due to public mandate given to...

Nazish says my identity often mistaken, terms herself ‘innocent’ not ‘arrogant’

Actress Nazish Jahangir has addressed misconceptions about her personality, stating that she is often mistaken for being proud when in reality she considers herself innocent a...

Pakistan’s first woman CM nominee unveils plans for Punjab

LAHORE: PML-N senior Vice President Maryam Nawaz who is set to become Pakistan’s first-ever woman Chief Minister vowed to set ‘new records’ in Punjab while f...

More like this
Related

ECC bans export of sugar

Islamabad: Economic Coordination Committee (ECC) of Cabinet has imposed ban on export of sugar. According to Ministry of Finance officials, this decision aims to curb escalati...

PPP CEC decides to advocate general elections in 90 days

KARACHI: Pakistan Peoples’ Party Central Executive Committee decided to advocate organisation of general elections in 90 days.Bilawal Bhutto Zardari chaired session of P...

PTI reiterates call for election within 90 days

ISLAMABAD: Pakistan Tehreek-e-Insaf has urged electoral watchdog to drop process and conduct polls with 90 days. Both parties made their position clear when ECP officials met...

Bilawal, UN Secy Gen discuss revival of Black Sea Grain Initiative

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari held telephone conversation with United Nations Secretary General Antonio Guterres and shared Pakistan’s perspective o...
Need Help? Chat with us