Islamabad :
Finance Advisor Shaukat Tareen has hinted that there will be no reduction in the prices of petroleum products and said that the reduction in the prices of petroleum products will not affect the agreement reached with the IMF. If 17% sales tax is imposed then the price of petrol will be Rs.175.
According to details, Finance Advisor Shaukat Tareen in a press conference in Islamabad said that the agreement reached with IMF in March will have an effect. He said that the prices of petroleum products will not decrease. In his talk, the finance adviser said that if 17% sales tax was levied then the price of petrol would be Rs. 175.
He said that when the price of oil increased in the world market, the sales tax was reduced to zero. It is a legal right to withdraw 17% sales tax.
He said in a press conference that everything is going in the right direction for the betterment of Pakistan’s economy. The rise in prices of petroleum products has led to a rise in inflation, a 36 per cent increase in revenue over the previous year. The government is focusing more on essential commodities to mitigate the effects of inflation.
Trade deficit widened to سے 7.7 billion, exports fell 2.5 to 3.5 percent, the biggest difference being petroleum products, then vaccines were bought, vaccines were bought for 400 400 billion in October-November. 1150 billion petroleum vaccines, then food items have risen, all together ڈالر 1.4 billion is the difference between the four.
Oil prices should not go up too much. Now we are seeing stagnation in petrol prices. Now LNG will also lose momentum. There will also be a difference in food items. He said that domestic inflation has actually come down from last year, the rest has become more expensive due to increase in petroleum products, there is a monthly difference of 8 508 million in petroleum products.
Discount rates in the country have been increased to 8.45, petrol prices, LNG, coal and edible oil prices have gone up, all these items are imported, these items have had an impact on inflation, domestic inflation is lower than last year. Inflation is rising globally, which is having an effect in Pakistan.
He said that SBP would issue monetary policy in a month and a half and LNG prices would come down. If 17% sales tax was levied then petrol price would be Rs 175. Sales tax has been reduced to zero, 17% sales tax is a legal right to be withdrawn.
Money will not revise the flash rate in the budget. Right now the rate is 8.5%. They have taken 500 500 from IMF in March. At that time no one spoke. Trade Adviser Abdul Razzaq Dawood said that as the country’s exports and remittances were increasing, we would have to import more corona vaccines.
