Pakistan’s new govt decides not to roll back fuel, power subsidies | Malay Mail

16/4/2022 5:15:00 AM

Pakistan’s new govt decides not to roll back fuel, power subsidies | Malay Mail

Pakistan’s new govt decides not to roll back fuel, power subsidies | Malay Mail

ISLAMABAD, April 16 — Pakistan’s new government yesterday decided not to roll back billions in fuel subsidies for the time being despite the strain on public funds, citing the possible backlash if it were to raise fuel prices just days after taking power. Former premier Imran Khan, who was...

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ISLAMABAD, April 16 — Pakistan’s new government yesterday decided not to roll back billions in fuel subsidies for the time being despite the strain on public funds, citing the possible backlash if it were to raise fuel prices just days after taking power.Former premier Imran Khan, who was ousted in a confidence vote earlier this week, announced a cut in petrol and electricity tariffs in February, despite soaring global prices, in a bid to win back popular support.Still the draconian restrictions were unable to contain the coronavirus, and with more than 8,600 deaths of mostly elderly, unvaccinated people, many just in the past two months, Hong Kong's citizens are reckoning with the costs of some of the world's most stringent social distancing rules on their mental health and livelihoods.That measure, estimated at 373 billion Pakistani rupees (RM8.The Permatang Pauh MP said, as a result, the coalition should adopt a more realistic approach and strive to offer something new and different to voters.6 billion), has stretched government finances in a way that cannot be sustained, the finance ministry’s top civil servant said.Jacky Ip, 33, runs a Japanese sake bar in Kowloon across the harbour from the Central business district that used to stay open until 4am before the pandemic but has since been devastated by shifting restrictions on opening hours.It has also endangered an ongoing International Monetary Fund rescue programme.“Why do I have a negative feeling about GE15? I am being very realistic because for me, it will take time to produce success, as people, and even I am still traumatised by what happened during the 22 months when PH was in power,” she was quoted as saying in an exclusive interview with the Malay daily that was published today.

“I have.Right now, it depends on the shareholders pooling money to see how long we can survive,” Ip said.Nurul Izzah said her assessment of the situation was reasonable as there are no shortcuts to success, even for political parties, and PH must regain people’s confidence that it can do better if given the chance to administer Putrajaya again...Ip complained that landlords have not adjusted rents in one of the world's most expensive real estate markets to account for the business slump.decided not to hike fuel prices in the public interest,” Shehbaz Sharif, the new prime minister, said at a dinner in Islamabad last night.“If we want to compare PH and BN in terms of failing to fulfill their manifestos, the difference is great.People would curse the new government just three days after it came to office if it took such a step, he said.It’s not fair.If we want to evaluate how much of its manifesto BN managed to fulfill, it might get an ‘F’.

Earlier, officials had warned of the fiscal fallout of continuing the subsidies.“The relief package will add to the fiscal deficit which we cannot afford at the moment,” Finance Secretary Hamed Yaqoob Sheikh told Reuters.” Worried for son Beauty salon owner Lin Chan, 33, regrets that her nearly three-year-old son has had to wear a face mask since shortly after his birth and worries about his socialisation.Now, I want to see how they will implement the RM1,500 minimum wage because, as of today, they have yet to finalise the exceptions for small and medium enterprises (SME), even though the policy will be enforced on May 1,” she said.“Either it has to be rolled back or compensating reductions in other expenditures would be required to ensure that the primary balance agreed with the IMF is achieved.” The primary budget balance excludes debt repayment obligations.And now he is at nursery class level, he relies on Zoom.The fiscal deficit could go as high as 10 per cent of gross domestic product, according to new Prime Minister Shehbaz Sharif’s top economic adviser Miftah Ismail, widely expected to be named finance minister.“This is because the Johor and Melaka state elections were conducted before the country began its transition to endemicity.“This is because the Johor and Melaka state elections were conducted before the country began its transition to endemicity.

“We have been discussing this before (with the previous government) and are discussing it again with the new government as well,” a finance ministry official told Reuters, speaking on the condition of anonymity.So his speech is developing rather slowly and he is scared of strangers,” she said.The officials are proposing spreading the rollback of the subsidies over two to three months to soften its impact, he said, adding that the decision was now with the new political leadership.IMF bailout Pakistan is in the midst of a US$6 billion IMF bailout programme and has yet to clear its seventh review, which would release over US$900 million and unlock other funding that depends on the fund’s clearance.“The government is constantly asking me to close it.She also expressed hope that the party leadership will give her another chance to defend the Permatang Pauh seat in GE15.The seventh review started in early March, but no agreement had been reached before the collapse of Khan’s government.A reversal of the fuel subsidies will be politically sensitive for a new government trying to shore up popular support at a time when inflation is running at 12.Just now I have had to close for four months.God willing, I will do my best to ensure the Ayuh Malaysia programme touches voters’ hearts not only during the election, but also for good.

7 per cent.“I want to do my best to make this programme a success so that when my children become adults, they will have a better political and economic situation on their hands,” she said.“Either the new government can raise prices, which will be politically costly, or they could cover the deficit by reducing other non-development expenditure, which will prove politically difficult,” said Kaiser Bengali, a Pakistani economist who has previously held a number of government advisory roles.I hope things can quickly go back to normal, that we can get back our regular income, and that the kid can socialize.The country’s Oil and Gas Regulatory Authority (OGRA) advised the government to scrap the subsidies and raise prices effective today, according to sources in the regulator.It gave two scenarios: one where the government continued to keep levies and tax at zero, and one where they would be reimposed to increase revenues.“We have to take care of 72 patients in one ward,” said nurse Lau Hoi-man, 37.Diesel fuel prices should be hiked by over 35 per cent from 144 rupees (US$0.

8) to 195 rupees (US$1.They didn't have time to pee or drink water or even for their meal time.1) per litre, the sources said.This would increase to 264 rupees (US$1.” “Most colleagues have experienced that you may have performed CPR surrounded by dead bodies.5) per litre if levies and tax were re-introduced — an 83.2 per cent rise in price.” Families split, people leave Authorities are due to start easing some of the restrictions from next week as the number of daily cases hovers below 2,000, but the damage will be difficult to reverse.

Petrol, currently at around 150 rupees (US$0.83), should be raised by 14 per cent to 171 rupees per litre.For those already outside Hong Kong, the border restrictions have added to the mental toll.The price, if levies and tax are included, would shoot up 57 per cent to 235 rupees (US$1.3) per litre.“Those who are overseas can only attend the funeral through video conferencing.The government is not bound to implement this advice, and it was not immediately clear what decision the government would make.

Sharif is yet to announce his cabinet, but Ismail and the spokeswoman for Sharif’s party, Marriyum Aurangzeb, did not immediately respond to Reuters’ requests for comment.We only had one dad, but when the biggest thing happened, they couldn't come back.— Reuters You May Also Like.

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