Friday, September 30, 2022
HomePakistanPKR strengthened after petrol price hike: Finance Minister

PKR strengthened after petrol price hike: Finance Minister


Finance Minister Miftah Ismail on Saturday defended hike in price of petroleum products and said that Pakistani Rupee (PKR) strengthened after the announcement.

While addressing a press conference, Finance Minister said that it is government’s top priority to provide support to poorer segments of society.
The minister said that people who earn less than Rs40,000 per month will be provided Rs2000 under a program for cheap petrol and diesel program.
Miftah Ismail asked people to send their CNIC number on 786 to find whether they are eligible for the subsidy or not.
However, the finance minister said that he cannot say whether the petrol price will be hiked again on June 1 or not.
He was optimistic that Pakistan would receive the remaining $3 billion from IMF. Moreover, he held the view that $3 billion deposit from Saudi Arabia would be rolled over.

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