ISLAMABAD: On the International Monetary Fund’s (IMF) displeasure, thePML-N government is likely to revisit its decision of keeping the petroleumproducts’ prices unchanged.
“The government thinks subsidising the masses with this huge multi-billionrupee package for cheap products is not a viable option, and also theInternational Monetary Fund, which is continuing its programme withIslamabad, is unhappy with this decision.
On Friday, Prime Minister Shehbaz Sharif had taken a populous decision byrejecting the Oil and Gas Regulatory Authority (Ogra) recommendation ofincreasing the petroleum products prices and ordered to keep them unchangedin the next fortnight.
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Meanwhile, Miftah Ismail, the likely finance minister, took to Twitter andexpressed the government’s inability to bear this enormous burden andannounced that the government might have to retract its recent decision.
