business
Saturday Sep 17 2022
By
BDBusiness Desk

Petrol price to record meagre change of Rs0.80: Miftah Ismail

By
BDBusiness Desk
Federal Minister for Finance and Revenue Miftah Ismail. — APP/File
Federal Minister for Finance and Revenue Miftah Ismail. — APP/File

  • Finance minister says decision regarding petrol price will be taken on Sunday.
  • Govt will not interfere in rupee's movement against dollar.
  • Pakistan likely to get $1.5bn from ADB this month.


ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail Saturday said that the price of petroleum products will either be reduced or increased by Rs0.80, adding that the final decision will be taken tomorrow (Sunday).

Speaking in Geo News programme, "Naya Pakistan", Miftah said that the US dollar will slide down against the Pakistani rupee, however, asserting that the government will not interfere with the movement.

The finance minister assured the inflation-weary people that the price of electricity will decline by October. “The government exempted consumers who use up to 300 units from fuel charges adjustment (FCA) in August and September bills, however, a decision regarding FCA being charged after that will be taken later,” he said.

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.”

The minister said that the government is spending on the poor due to the flood situation. "The prime minister has directed us to give Rs5 billion more to the National Disaster Management Authority (NDMA)," he added, while urging the nation to help the flood affectees as much as possible.

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.”

He also revealed that he is not taking a salary.