Miftah rules out immediate hike, hints at devising policy for hike in POL prices
The finance minister claims those using less petrol such as motorcyclists will be given relief


Islamabad: Federal Minister for Finance and Revenue Miftah Ismail on Monday ruled out any imemdiate hike in the petroleum prices, saying the government, however, would devise a policy to increase the petroleum prices.
The elite class having big vehicles could not be given subsidy, however, those using less petrol such as motorcyclists would be given relief, he said while talking to a private news channel.
Miftah said the present government would bring administrative improvement in next few months. Prime Minister Shehbaz Sharif had advised him that no economic pressure should be put on the common people, he added.
He said the government would make all-out efforts to reduce budget deficit which had increased during the Pakistan Tehreek-e-Insaf (PTI) regime. “We will collect more tax than our predecessors without levying any new tax.”
Replying to a question, the finance minister said devaluation of rupee and wrongdoings of the PTI government were the main reasons of inflation in the country.
The present government was fully focused on addressing all the economic ills, he said, adding they had initiated talks with the International Monetary Fund (IMF) in time. The government was not interested in reversing the State Bank bill at yet, he said
To another query, he said Prime Minister Shehbaz Sharif would leave the office gracefully if a vote of no-confidence succeeded against him.

Railway fare hike likely as diesel prices soar
- 10 hours ago

Everything you need to know about Trump’s “big, beautiful bill”
- an hour ago

Can the music industry make AI the next Napster?
- 3 hours ago

Karachi police arrest six fake officers in uniform near Defence
- 9 hours ago

What the Supreme Court did to America in 2025
- an hour ago

Threads now has a better word filter than Instagram
- 3 hours ago
Father murders son over association with transgender individuals in Karachi
- 12 hours ago
USAID officially shut down as Trump administration ends 'charity-based' model
- 9 hours ago

Denis Villeneuve is directing the next Bond film for Amazon
- 3 hours ago

Apple’s racing movie is finally here
- 3 hours ago

LHC orders release of Sanam Javed
- 8 hours ago

A million kids won’t live to kindergarten because of this disastrous decision
- an hour ago