'Soring international rates forced domestic petrol price hike'
Finance Minister says ever-soaring prices of petroleum products at the international level forced govt to take steps.
Finance Minister Hafeez Shaikh said on Sunday that the ever-soaring prices of petroleum products at the international level have forced the government to take unpopular steps.
Addressing the media after holding a meeting with leaders of the Muttahida Qaumi Movement (MQM), Shaikh said that the government did not want to shift the burden on the masses, but the soaring prices of petroleum products in the international market compelled them to increase prices domestically.
He said that the government is holding dialogues with all political parties to bring an end to the economic crisis.
Meanwhile, Interior Minister Rehman Malik said the government's policy of adopting austerity measures will be helpful in the future.
He said that the steps taken in this regard will result in saving as much as Rs25 billion.
Addressing the media after holding a meeting with leaders of the Muttahida Qaumi Movement (MQM), Shaikh said that the government did not want to shift the burden on the masses, but the soaring prices of petroleum products in the international market compelled them to increase prices domestically.
He said that the government is holding dialogues with all political parties to bring an end to the economic crisis.
Meanwhile, Interior Minister Rehman Malik said the government's policy of adopting austerity measures will be helpful in the future.
He said that the steps taken in this regard will result in saving as much as Rs25 billion.