Geo News Headlines 06 AM | Austerity drive | PM Shehbaz | Imran Khan | Supreme Court | 4th June 2022

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raziakhokher
04 Jun 2022

#GeoHeadlines 06 AM | 4th June 2022 | GEON EWS
Austerity drive: PM Shehbaz decides to slash petrol quota of cabinet members, say sources

PM Shehbaz decides to reduce members of federal cabinet.
CM Sindh also reduces petrol quota by 40%.
KP government announces to reduce petrol quota by 35%.

ISLAMABAD: A day after hiking the prices of petroleum products by Rs30, Prime Minister Shehbaz Sharif Friday decided to slash the petrol quota of the federal cabinet members and government employees, sources privy to the matter said.

The government announced increasing the petrol price to Rs209.86 per litre. The price of petrol, diesel, and light diesel were hiked by Rs30 per litre, while the rate of kerosene oil was increased to Rs26.38 per litre, effective from June 3.

The decision was made in line with the conditions set forth by the International Monetary Fund (IMF) regarding the removal of subsidies from commodities so that it could lend funds to Pakistan.

Earlier, in an interview with TRT, PM Shehbaz said the next general election will be held within 15 months and till then his goal would be to address the challenges of inflation and poverty.

“My vision is to rebuild Pakistan and try my best to decrease poverty and cut the budget of the government sector to ensure austerity,” the premier added.

The prime minister said his government would take "short-term" measures to address the problems faced by the general public ahead of elections.

However, he stressed if he comes to power by the votes of the people, a full-fledged development agenda would be launched to deal with issues such as unemployment and poverty.

He added that the global skyrocketing prices of fuel had compelled his government to increase the cost of oil and gas.
KP, Sindh's austerity drives

Akin to the Centre's decision, the Khyber Pakhtunkhwa government also announced that it will reduce the petroleum expenditure of all provincial government departments, institutions, and organisations by levying a 35% cut in petroleum products with an immediate effect.

Earlier today, Chief Minister Sindh Murad Ali Shah also reduced the petrol quota of provincial ministers and government officers by 40% owing to the rising prices of petroleum products in the country.

Apart from Sindh, Karachi Administrator Murtaza Wahab also announced a 40% reduction in the petrol quota for Karachi Metropolitan Corporation (KMC) employees.
New prices (per litre):

Petrol — Rs209.86
Diesel — Rs204.15
Light diesel — 178.31
Kerosene oil — Rs181.94

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