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Fuel prices to come down by 8 paisas only, says Miftah Ismail

MM News Staff by MM News Staff
September 17, 2022
Pakistan will 'absolutely not' default on debts despite floods, finance minister says

Pakistan will 'absolutely not' default on debts despite floods, finance minister says

ISLAMABAD: Federal Finance Minister Miftah Ismail has said that the price of petroleum products will change by only 8 paise, the final decision will be made tomorrow.

Talking to a private channel, Miftah Ismail said that the dollar will come down soon, but the government will not interfere in it, electricity will become cheaper by October.

Miftah Ismail said that the FPA was terminated for 300 units of electricity users, the terminated FPA was neither taken in August nor in September, it will be decided later or not.

The finance minister said that the dollar which has gone above Rs213 has some political reasons, the dollar will come down and if it comes, it is good, and they will not interfere.

Miftah Ismail said that rice and other crops were damaged in Sindh, imports increased due to floods and damaged crops, this year the export of rice may not be as it used to be.

The finance minister said that the world is standing with Pakistan at this time, ADB is likely to receive one and a half billion dollars this month, Qatar will invest three billion dollars, Qatar will invest in LNG plants, solar and stock exchange. 

Miftah Ismail said that due to flood they are spending on poor people, Prime Minister has directed to give 5 billion more to NDMA, people have been affected a lot by flood, help flood victims as much as possible. Be sure to do it.

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