WEB DESK
The former finance minister Miftah Ismail has said that the government’s decision to not increase the petroleum development levy (PDL) this month without the approval of the International Monetary Fund (IMF) is reckless.
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Last week, the government slashed the prices of petroleum products by up to 5.5%.
Addressing a press conference on Friday evening, Federal Finance Minister Ishaq Dar said that the government was reducing the price of petroleum products by as much as 5.5% following the decrease in petroleum prices in the international market and the corresponding appreciation of the rupee against the US dollar.
The price of petrol or gasoline was reduced by Rs12.63 per liter while high-speed diesel (HSD) price was slashed by Rs12.13 per liter.
Miftah – who had to step down as the finance minister to make way for Dar – has, now, criticized the decision of the government not to increase the PDL this month.
He said this while responding to a comment by Pakistan Tehreek-e-Insaaf (PTI) Senator Shaukat Tarin who had served as finance minister during the PTI regime.
