*Finance Minister Miftah Ismail said on Wednesday that the government willnot take any action which may impact the State Bank of Pakistan’s (SBP)independence.*
Talking to reporters in Karachi, the minister said that the government isfocused on reviving the country’s economy. “Previous government destroyedthe economy,” he said, adding: “We are going to fix it and everyone willsee the difference in the coming months.”
He said the previous government did not tell the people about theagreements it made with the International Monetary Fund (IMF).
“They had vowed to eliminate the loss of Rs30 in petrol prices, place alevy of Rs30 and a sales tax of 17pc, increasing [the price] byapproximately Rs90. This also Shehbaz Sharif has resisted and will continueto do so.”
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The minister said that the government had decided against granting Dr RezaBaqir an extension following the completion of his three-year term asgovernor of SBP.
