Miftah says cannot hike petrol price, will seek more time from IMF

By Muhammad JuniadPublished On 03 Jan 2023

KARACHI: Finance Minister Miftah Ismail on Monday said that government cannot hike petrol price and it has decided to seek more time from International Monetary Fund (IMF) on the matter.

Talking to media persons in Karachi, Finance Minister said that his predecessor Shaukat Tarin and former prime minister Imran Khan reached an agreement with the international lender to hike price of petrol by Rs100.

Miftah said that previous government placed land mines everywhere for the new government.

Talking about statement of former minister regarding allocation of funds for subsidy on petroleum products, Miftah said that he can say on oath that Shaukat Tarin is lying and asked him to show where he hid the funds.