Finance Minister Asad Umer has dispelled the impression that petroleum prices have been increased to meet the requirements of the International Monetary Fund.
Talking to media persons in Islamabad today, he said the regulatory authority had proposed an increase of over eleven rupees in the petroleum prices but we raised them by six rupees per liter.
Finance Minister said there are no fundamental differences between Pakistan and the IMF on the financial package and both sides are close to reaching the agreement.
Responding to a question, Asad Umer said the government has introduced structural reforms in the FBR and only in the month of March our tax refunds were eight times more than the previous regime.
He said the country has received all the three billion dollars from Saudi Arabia, two billion dollars out of three billion dollars from the UAE and 2.1 billion dollars from China.
About Chinese investment, he said progress has been made on the upgradation of ML-1 from Karachi to Peshawar and work on other Chinese projects will also be started on time.
Responding to a question, Asad Umer said Pakistan has received the response of its letter written to the FATF in which it had expressed concerns over the presence of India in the Asia Pacific Group.
He said we are not fully satisfied with the FATF response but it is for India to itself withdraw from the group.
He noted that the presence of a partial referee will not ensure an impartial evaluation .