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Miftah Ismail: Petrol Price Cut Without IMF Approval Would Be Careless

 

“Miftah Ismail” criticizes for unchanged Petroleum Development Levy.

Miftah Ismail said this while having a war of words with senior PTI official and finance that is fellow, Shaukat Tarin, on the current and previous government’s economic decisions.

The frontman for PTI’s finance department earlier criticized Miftah on Twitter for his “doublespeak” standards for blaming the previous administration on the International Monetary Fund (IMF). He tweeted, “We were blamed for violating IMF conditions. Miftah Ismail claims that they announced the fuel rates without waiting for MD IMF approval. Clear speak” that is double.

Petrol Price Cuts Without IMF Approval Would Be Careless, Says Miftah Ismail

Miftah reminded Tarin that by reducing gasoline prices before the no-confidence vote, his government had violated the agreement it had made with the IMF. “You consented to raise the sales tax to 17% while lowering it to zero. You agreed to raise Petrol Levy every by Rs. 4 to Rs. 30 but brought it to zero month. You agreed to not give amnesty but gave one anyway”, he said.

He further argued that the government that is previous had an unfunded, unsustainable subsidy on fuel. He claimed that the PTI nearly ruined Pakistan, but when he took over and approached the IMF, the national country was “saved” from default.

Finance Minister Ishaq

He tweeted, “PTI nearly bankrupted us but when I took over and went to the IMF we recovered,” in response to the current Finance Minister Ishaq Dar’s recent reduction in fuel prices. saved Pakistan from default. Not increasing PDL this without IMF approval is reckless, but what PTI did with our economy was unforgivable” month.

Ishaq Dar last week announced a reduction in prices of petroleum products to pass on the benefit of decreasing crude rates in the market that is international. The price of petrol was brought down by Rs. 12.63 per liter while the price of high-speed diesel was slashed by Rs. 12.13 per liter.

During a press conference at the time, Dar stated that the decision to lower petroleum prices was made after consultation with the office that is premiering.

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