Miftah Ismail , the federal minister of finance and revenue, stated that the Petrol price in Pakistan will either decrease or increase by Rs. 80 tomorrow (Sunday).
Miftah predicted that the US dollar will weaken against the Pakistani rupee in but insisted that the government would not stifle the trend.
The finance minister gave the people who were sick of inflation hope that the cost of power would go down by October. According to him, “the government spared consumers who use up to 300 units from the fuel costs adjustment (FCA) in August and September bills, but a decision regarding the FCA being charged after that will be taken later.”
He said that the “whole world” is standing with Pakistan at this time. “Pakistan is likely to get $1.5 billion from the Asian Development Bank this month and Qatar will invest $3 billion in Liquefied natural gas (LNG) plants, solar and stock exchange.”
According to the minister, the government is providing relief to the impoverished as a result of the flooding. He continued, “The prime minister has asked us to donate Rs5 billion more to the National Disaster Management Authority (NDMA),” pleading with the country to do everything in its power to aid those affected by the recent floods.
Regarding the size of PM Shehbaz’s cabinet, he said: “PTI Chairman Imran Khan’s cabinet was the biggest; however, I will also not defend the cabinet consisting of 70 people.”
