LONDON: Former Finance Minister Ishaq Dar has said that the government will have to pay a subsidy of Rs350 billion on petroleum.
Talking to a local TV, Ishaq Dar said that Khan Sahib had devastated and left. Now it is the duty of all of us to fix it, he said.
He said that instead of increasing the price, Imran Khan reduced the price of petrol and diesel by 10 rupees.
The former finance minister said that the prices of food items have doubled and now the federal budget deficit is going to be Rs5600 billion in the history of the country.
Earlier, Senior PML-N leader and former finance minister Ishaq Dar has said that they should renegotiate with the IMF as we cannot take dictation.
We cannot burden the people by increasing petrol price, he added.
Speaking on Geo News program on Sunday, Ishaq Dar said that we cannot increase petrol and diesel prices at once to put burden on the people. We should negotiate with IMF again. The full burden of petroleum product prices should not be placed on the people, he opined.
Ishaq Dar said that the previous government had agreed with the IMF on very strict terms. We have to run the country, not drown the country’s fleet with dictation, he said.
Former finance minister Ishaq Dar said that the PML-N government will provide subsidy on flour, which will reduce the price of flour in two days. The Khyber Pakhtunkhwa government should also reduce the price of flour.
He said that this situation of the country was due to the incompetence of the previous government. The PTI government did not increase the revenue. PTI knew that they were leaving the government, so they reduced the petroleum prices.
In response to a question, Ishaq Dar said that the previous government left the rupee open and drowned the fleet. Billions of rupees are saved for Pakistan by controlling monetary policy at one percent. Leaving the rupee open has cost the country Rs4,000 billion, he said.
