Saturday, 28 May, 2022 I 26 Shawwal, 1443 I Rs 15.00 I Vol XII No 328 I 12 Pages I Lahore Edition
PM unveils Rs28b Relief to offset Pol PRice hike iMPact g
SayS about one third of country’S population to benefit from package ISLAMABAD
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staff report
rime minister Shehbaz on friday announced a massive saving of rs28 billion on petrol buying for 14 million poor families to protect them from the impact of inflation, a day after the government jacked up prices of petroleum products by rs30 per litre. in his maiden address to the nation after becoming the prime minister, Shehbaz Sharif said every family registered with the benazir income Support pro-
gramme (biSp) will get a monthly relief of rs2000 on petrol buying, saying that about one third of the country’s population or 85 million people will benefit from the financial relief. “We took the tough decision to increase the fuel prices as global [petroleum] prices are rising… the previous government provided subsidies on fuel for political gains,” he added. “this tough decision is an important step to steer the country out of crisis and stabilise.” the prime minister said the government took the difficult decision of raising prices of petroleum products to save
pakistan’s economy from a precarious situation and economic default. the premier said the stipend will be given to the deserving families through benazir income Support programme (biSp). in addition, the government-run utility stores across the country have been directed to sell a 10kg flour bag at rs400, he informed. Shehbaz Sharif blamed former prime minister imran khan’s government for destroying the country’s economy, saying that the last pti regime accepted the tough conditions of the international monetary fund (imf), which, he said made the lives of
the masses miserable. the premier said that imran khan was ousted from power on public demand and through democratic means. “the people of pakistan demanded to get rid of the incompetent and corrupt rulers. that is why we accepted the challenge.” he added: “We are ready to make tough decisions and we will take all those decisions necessary for the prosperity of the country.” recalling the last tenure of the pmln, pm Shehbaz said his party built several developmental projects and ended load-shedding from the country.
earlier, information minister marriyum aurangzeb had earlier said the pm would announce the coalition government’s policy decisions on important issues faced by the nation. pakistan television (ptV) would broadcast the address at 8:00pm tonight. however, the government later announced that the premier would now address the nation at 9pm owing some last-minute ‘final touches’ to his speech. the announcement came after the federal government increased petroleum product prices by rs30 per litre, or up to one-fourth of their existing prices, paving the way for reaching a staff-level agreement with the international monetary fund by June 12. finance minister miftah ismail made the decision public in an unscheduled news conference after prime minister Shehbaz gave him the go-ahead in a party meeting. PM WOOS JAPANESE INVESTORS: meanwhile, prime minister muhammad Shehbaz Sharif friday while underscoring his government’s efforts for creating businessfriendly opportunities, invited new Japanese companies to avail themselves of such opportunities and invest in pakistan.
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