Pakistan Fuel Price Hike

Hours after unleashing a tax-loaded mini-budget, Pakistan on Wednesday night hiked up the prices of petrol and gas to a historic high in a bid to appease the International Monetary Fund for unlocking the critical loan tranche, reported Geo News.

The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.

The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.

Former Pakistan Prime Minister Imran Khan yet again slammed the Shehbaz Sharif government after the federal government hiked the petrol and diesel prices by PKR 30 per litre.

Hours after unleashing a tax-loaded mini-budget, Pakistan on Wednesday night hiked up the prices of petrol and gas to a historic high in a bid to appease the International Monetary Fund for unlocking the critical loan tranche, reported Geo News.

The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.

The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.

Former Pakistan Prime Minister Imran Khan yet again slammed the Shehbaz Sharif government after the federal government hiked the petrol and diesel prices by PKR 30 per litre.