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ISLAMABAD: Former finance minister and Pakistan Tehreek-e-Insaf (PTI) leader Shaukat Tarin said on Sunday that the increase in prices of petroleum products would fuel inflation in the country to 35 percent and make the life of the poor very hard.

While talking to a private news channel after Finance Minister Ishaq Dar announced increase in petroleum prices, Tarin said that the government would further increase the petroleum prices. In addition to the petroleum prices, gas prices and additional taxes would be imposed to fulfil the conditionalities of the International Monetary Fund (IMF).

Live debate on economy: Tarin accepts challenge

He said that there was 14 to 15 percent devaluation of rupee against dollar in last few days and increase in petroleum prices was the result of devaluation. He said that the PDM government came to power with the agenda to amend the NAB laws and reverse electronic voting machine (EVM).

Tarin claimed the PDM government came into power only to change the NAB rules.

He added that present government does care about the difficulties of the people. After the increase in the prices of petroleum products, now the prices of food and beverages will increase and people will suffer more due to inflation.

Copyright Business Recorder, 2023

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Muhammad Nawaz Jan 30, 2023 10:58am
es ney kia teer mara taa
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Mohammad Ayub Jan 30, 2023 11:34am
Poor people are bleeding with poverty !
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Wasif Jan 30, 2023 12:04pm
this is intellectual dishonesty. He and all the informed segments of society know how critical its to have IMF back on board to not-only release their tranche but also prompt bilateral financing, and for that meeting IMF conditions is critical (including PKR fair-valuation and petroleum prices/energy tariffs). why can't we agree non-politicization of fundamental issues of country's economic security ? this goes both ways BTW. everyone does this.
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Iqbal Hussain Jan 30, 2023 09:36pm
Once upon a time, you were doing the same and were consistently supporting your stance. Now it is their turn, let them do it freely. Basically, PTI and PDM are two sides of the same coin. Unfortunately, our people are still unable to recognize their political agendas. They have nothing to do with the prosperity and welfare of the people. They just like their interests and the interests of their masters.
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