ISLAMABAD - In an interesting turn of events the Minister for Finance Asad Umar clashed with his brother Mohammad Zubair on twitter.
"I am sure one of his 1st acts would be [to] cut down the taxes on petrol that he had been demanding while in opposition," Zubair had said on August 07 with a screenshot of finance minister's February 2016 tweet.
Replying to the PML-N leader, Asad Umar tweeted: “Incidence of tax on petrol in the prices effective today is 23.6%, less than half the tax rate of 52% which I had criticized. PML-N govt had Rs.300 billion as petrol levy in budget for this year. Wait for my strategy to be presented to parliament and you will see the difference”.
Zubair, who was a key member of PML-N’s economic team before being appointed as Sindh Governor, has been very vocal in criticizing Pakistan Tehreek-e-Insaf’s policies.
The government on Friday reduced the petroleum products’ prices which would be effective from today and remain in force till Sept 30 midnight.
Diesel has shed Rs6.37 per litre, petrol Rs2.41 per litre and kerosene Rs0.46 per litre, while Light Diesel Oil (LDO) price has been hiked by Rs0.59 a litre. The reduction has been made on the recommendation of Oil and Gas Regulatory Authority (Ogra).