Increase in fuel prices nothing to do with IMF: says Miftah

ISLAMABAD: Finance Minister Miftah Ismail has asserted that the increase in prices of petroleum products has nothing to do with International Monetary Fund’s (IMF) conditions.
Miftah Ismail expressed his views while briefing the federal cabinet meeting chaired by Prime Minister Shehbaz Sharif. During the meeting, he rejected the notion by Pakistan Tehreek-e-Insaf (PTI) that fuel prices were increased to revive IMF programme.
The federal minister said that the global lender had not demanded to increase the fuel prices, but it was a result of global inflation.
He claimed that the Budget 2022-23 was the first in the country’s history that provided relief to the poor and taxed the rich. – NNI slot