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.
“I have ... decided not to hike fuel prices in the public interest,” Shehbaz Sharif, the new prime minister, said at a dinner in Islamabad last night. “We have been discussing this before and are discussing it again with the new government as well,” a finance ministry official told Reuters, speaking on the condition of anonymity.
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 12.7 per cent. Diesel fuel prices should be hiked by over 35 per cent from 144 rupees to 195 rupees per litre, the sources said. This would increase to 264 rupees per litre if levies and tax were re-introduced — an 83.2 per cent rise in price.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong questions costs of Covid rules on mental health, livelihoods | Malay MailHONG KONG, April 14 ― To fight Covid, Hong Kong shut schools and businesses, nearly sealed its borders for two years, banned more than two people from gathering and quarantined whole buildings. Still the draconian restrictions were unable to contain the coronavirus, and with more than 8,600...
Source: malaymail - 🏆 1. / 86 Read more »
Report: It will take Pakatan 10 years to win back Putrajaya, says Nurul Izzah | Malay MailKUALA LUMPUR, April 14 — Former PKR vice-president Nurul Izzah Anwar said it will take at least a decade, or two general election cycles, for Pakatan Harapan (PH) to win back Putrajaya. She also said she anticipates PH will struggle in the 15th general election (GE15), where it could lose most of... Nurul Izzah is like the dad. States obvious. Anyway, I blame PH for their inability to stick with Tun M when it mattered during Sheraton Move week. Who told PH to support Anwar that Wednesday? If 90+ MPs from PH had supported Tun M, Tun M with his 65 MPs + 90 would have been 150 With the LiesFake Manifesto n LiesFake promised last GE. Rakyat will be played the LiesFake Manifesto again n again. Malaysian was Scamed last Ge. Why should Malaysian believed PKR or PH again. Once a Liar will be forever liar. PH need to rebrand. New name like PA. PAKATAN ALTERNATIF. Remove failure stigma. Damage by katak2 too great to be repaired.
Source: malaymail - 🏆 1. / 86 Read more »
Report: It will taken Pakatan 10 years to win back Putrajaya, says Nurul Izzah | Malay MailKUALA LUMPUR, April 14 — Former PKR vice-president Nurul Izzah Anwar said it will take at least a decade, or two general election cycles, for Pakatan Harapan (PH) to win back Putrajaya. She also said she anticipates PH will struggle in the 15th general election (GE15), where it could lose most of... Taken ? Suddenly from a dormant person to become someone issuing predictions Oh my English!!!
Source: malaymail - 🏆 1. / 86 Read more »
Poorer nations shun AstraZeneca Covid vaccine, says document | Malay MailBRUSSELS, April 14 — Poorer nations have refused tens of millions of AstraZeneca Covid-19 vaccines from the global programme Covax, a document shows, the latest sign that its short shelf life is sapping demand for the shot. Covax is the world’s largest Covid-19 vaccine-sharing programme. It has... Populasi doktor barua talibarut pharmaceutical industrial complex terlalu ramai
Source: malaymail - 🏆 1. / 86 Read more »
Oreo-maker Mondelez, Nestle, Pepsi face pressure from European employees over Russia | Malay MailNEW YORK, April 14 — Oreo-maker Mondelez, Nestle and PepsiCo face staff defections in Ukraine and pushback from workers in eastern Europe angered by the companies’ decisions to maintain some business in Russia, according to internal corporate communications reviewed by Reuters and interviews...
Source: malaymail - 🏆 1. / 86 Read more »
Short men are the new heartthrobs of TikTok | Malay MailNEW YORK, April 14 — Is the reign of the tall coming to an end? Long criticised and mocked, short men are now enjoying a moment in the spotlight on social networks, and are conquering women’s hearts. Gone are the days when women would pass up dates and potential relationships because of a few...
Source: malaymail - 🏆 1. / 86 Read more »