Monday, 16 May, 2022 I 14 Shawwal, 1443 I Rs 40.00 I Vol XII No 316 I 48 Pages I Lahore Edition
PML-N decides Not to raise fueL Prices, for Now ISLAMABAD
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staff report
ederal Government has decided not to pay political cost for a deal with the International Monetary Fund (IMF) and rather continue with the costly subsidies on the oil prices and other daily-use commodities. Sources in the ruling coalition have told this scribe that the decision was taken in the recently held top huddle in london chaired by Pakistan Muslim league–Nawaz (PMl-N) supremo and former Prime Minister Nawaz Sharif. The sources said that the meeting decided not to pay political cost in view of the rising public popularity of PTI
leader Imran Khan as any such step would cost the party heavily. The sources said that Sharif has tasked Finance Minister Miftah Ismail to hold fresh talks with the IMF and try to convince the IMF to doll out support package for cashstrapped Pakistani economy. The sources said that the meeting also decided that Foreign Minister Bilawal Bhutto-Zardari has been tasked to visit friendly countries including US and China and seek financial assistance for Pakistan. Sharif on Sunday telephoned the leaders of the coalition parties on Sunday and sought their advice on the possibility of raising fuel prices or providing relief to the masses in across the country. He also shared the PMl-N’s decision of continuing with subsidies on daily use items.
Sources in the ruling party told this scribe that the PMl-N Chief took allies into confidence over the decisions of PMl-N regarding electoral reforms and sought their advice over the option giving relief to the people. The sources added that Nawaz Sharif telephoned asif ali Zardari, Maulana Fazlur rehman, Sardar akhtar Mengal, Khalid Maqbool Siddiqui, Khalid Magsi, Mahmood achakzai and others. The former PM Nawaz Sharif also directed Prime Minister Shehbaz Sharif to take all the allies into confidence and said that the PM should work out a common strategy. On the other hand, it is also expected that PM Shehbaz to address the nation in the next two days.
Meanwhile, Miftah Ismail told media here that the PMl-N-led federal government has decided against hiking fuel prices. Miftah Ismail said the government is not going to increase fuel prices and added that he is going to hold talks with the International Monetary Fund (IMF) for the revival of the loan package for Pakistan.
“We are not going to increase fuel prices,” Miftah said and advised the masses not to wait in long lines at the petrol pumps in this hot weather. Taking on the former finance minister Shaukat Tarin, he said, the latter agreed with the IMF to end subsidy on the fuel prices phase-wise.
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