News Formal

Pakistan slashes fuel subsidies in bid to control fiscal deficit: Finance minister

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

KARACHI: Pakistan will slash fuel subsidies for a second time in a week in a bid to control fiscal deficit and secure International Monetary Fund bailout money, the finance minister said on Thursday. Minister Miftah Ismail said petrol and diesel prices for consumers have been increased by 17 per cent at th

KARACHI: Pakistan will slash fuel subsidies for a second time in a week in a bid to control fiscal deficit and secure International Monetary Fund bailout money, the finance minister said on Thursday.

Minister Miftah Ismail said petrol and diesel prices for consumers have been increased by 17 per cent at the pumps starting Friday, both being raised 30 Pakistani rupees each per litre. He added that there remained a subsidy of about 9 Pakistani rupees per litre.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thailand to meet revenue collection target this year and next - Finance MinisterBANGKOK : Thailand is expected to meet its revenue collection targets for the 2022 and 2023 fiscal years, helped by increased exports and a recovery in tourism, the finance minister said on Wednesday.Annual export growth of 12-15 per cent in the first four months of this year was 'satisfactory', Arkhom Te
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »