Fuel subsidies removed; Imran Khan turns up political pressure:
Nearly two months after the ouster of Prime Minister Imran Khan, Pakistan’s new government under Shehbaz Sharif announced the decision to roll back fuel subsidies, essentially increasing the fuel prices by a whooping 30 Pakistani rupees (around Rs. 12 INR). With this, the per litre price of the fuel crosses PKR 209 for petrol and PKR 204 for diesel.
The removal of subsidies is a part of the cash-strapped nation’s negotiations with the International Monetary Fund (IMF) for the resumption of the bailout programme. The IMF and Islamabad had reached a deal to release over $900 million in funds once Pakistan removed the fuel subsidies, said a Press Trust of India report, quoting a Pakistani source directly involved in talks in Qatar.
Nearly two months after the ouster of Prime Minister Imran Khan, Pakistan’s new government under Shehbaz Sharif announced the decision to roll back fuel subsidies, essentially increasing the fuel prices by a whooping 30 Pakistani rupees (around Rs. 12 INR). With this, the per litre price of the fuel crosses PKR 209 for petrol and PKR 204 for diesel.
The removal of subsidies is a part of the cash-strapped nation’s negotiations with the International Monetary Fund (IMF) for the resumption of the bailout programme. The IMF and Islamabad had reached a deal to release over $900 million in funds once Pakistan removed the fuel subsidies, said a Press Trust of India report, quoting a Pakistani source directly involved in talks in Qatar.
Fuel subsidies removed; Imran Khan turns up political pressure:
Nearly two months after the ouster of Prime Minister Imran Khan, Pakistan’s new government under Shehbaz Sharif announced the decision to roll back fuel subsidies, essentially increasing the fuel prices by a whooping 30 Pakistani rupees (around Rs. 12 INR). With this, the per litre price of the fuel crosses PKR 209 for petrol and PKR 204 for diesel.
The removal of subsidies is a part of the cash-strapped nation’s negotiations with the International Monetary Fund (IMF) for the resumption of the bailout programme. The IMF and Islamabad had reached a deal to release over $900 million in funds once Pakistan removed the fuel subsidies, said a Press Trust of India report, quoting a Pakistani source directly involved in talks in Qatar.
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