ISLAMABAD – The government was bound to increase the rates in gas and powersectors just to stabilize economy and institutions.
These views were expressed by Federal Minister for Economic Affairs, HamadAzhar while talking to a private news channel.
It was necessary to change the prices in gas and electricity sectors due toeconomic crunch created by the last governments, he stated.
Admitting the facts about high inflation and price hike in food items, hesaid the Pakistan Tehreek e Insaf (PTI) government was well aware of theproblems of masses and for this hard decisions had been taken to lower theprices in essential commodities.
The prices of vegetables, flour and other products of daily use had beendecreased, he stated.
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In reply to a question about International Monetary Funds (IMF) meetings,he said, “we are not planning or considering the mini-budget.”
Hamad Azhar said, “we would expect better results in all sectors in comingdays.” About revenue target, the minister said the economic team hadachieved the non-revenue tax target.
However, he said all out efforts would be made to cross the targetannounced in the last budget amounting to Rs 5238 billion.
