POL prices cut a 'violation' of Pak-IMF deals: Pakistan Business Council
Business
POL prices cut a violation of Pak-IMF deals
KARACHI (Web Desk) – The Pakistan Business Council (PBC) has termed the recent cut in the prices of petroleum products a violation of deals between the government of Pakistan and the International Monetary Fund (IMF).
In a statement, the council said any political compromise would drag Pakistan towards default and bankruptcy.
It said the cheap fuel would help reduce the foreign exchange reserves instead of savings. The federal government had slashed the petrol price by Rs10 per litre and diesel by Rs7 per litre.
