ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Saturday said that multiple proposals were papered for IMF review, elaborating on: “let me be clear, the poor people will not be burdened from gas price hike.”
Talking to a private news channel, the state minister claimed that his Ministry had devised a broader framework under which 50 percent of the country’s total population, comprising the poorest of the poor, would be saved from the gas price hike.
“The Prime Minister has been presented with suggestions that, if approved, will satisfy both the IMF and the general populace”, Musadik Malik claimed and added: “Very soon, we would be able to cut down circular debt and the problems in the gas sector will be fixed.”
Repudiating the possibility or proposals to extend the constitutional term by imposing a financial emergency, he said that no such proposal or possibility had been considered at the party level so far.
OGRA for avoiding speculations about POL products’ prices
Meanwhile, a spokesman for Oil and Gas Regulatory Authority (OGRA) on Saturday expressed concern over the circulation of speculative reports about the prices of petrol and diesel in the media.
“It has been observed that speculative prices of petrol and diesel are being reported in the print and electronic media since last evening that is misleading and incorrect,” OGRA spokesman Imran Ghaznavi said in a brief press statement.
He advised the elements, spreading misleading and incorrect information, to avoid disseminating speculative prices of petroleum products in the ‘public interest.’
