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ISLAMABAD: Finance Minister Miftah Ismail has said that after a difficult time, it is time to give relief to the nation, therefore petrol will be made cheaper today.
According to details, while talking to the media in Islamabad, Finance Minister Miftah Ismail said that we will not wait for July 15 to make petrol cheaper. “The products will be cheaper today, the prime minister wants to give immediate relief to the people,” he maintained.
He said that a summary of the reduction of petrol has been received and the IMF has no objection in this regard. Congratulating the nation on the agreement with IMF, Miftah Ismail said that the nation stood by Shehbaz Sharif in difficult decisions, nations are facing difficult times and the Pakistani nation understands crises, after difficult times now the nation It’s time to dump her and move on, he added.
It should be noted that an agreement has been reached between Pakistan and the International Monetary Fund (IMF) after which the IMF will provide Rs.1.17 billion to Pakistan.
A statement issued by the IMF said that the seventh and eighth review issues have been settled under the IMF, but the IMF board will give final approval to the agreement. The IMF statement said that Pakistan must maintain a consistent supply-demand exchange rate, along with a proactive monetary policy and improve the performance of government agencies.
According to the statement, global inflation and delays in key decisions reduced Pakistan’s foreign exchange reserves, and the economy grew so fast due to excess demand that there was a huge deficit in foreign payments.
The IMF statement further said that Rs1.17 billion would be available to Pakistan but the country would have to adhere strictly to the current budget, with the provinces assuring to keep the budget deficit in check.
According to the IMF statement, export refinancing schemes will be linked to interest rates. Electronic disclosure of assets in Pakistan to control corruption is being done. To improve the effectiveness of anti-corruption agencies, including the government of Pakistan NAB.
