Prime Minister (PM) Shehbaz Sharif will announce a relief package for the poor in an address to the nation today (Friday).
According to media reports, PM will explain the government’s decision to remove subsidies on petroleum products and also take the nation into confidence over the prevailing economic situation in Pakistan.
Last night, the government announced a massive hike of up to Rs30 in the prices of petroleum products for the revival of the $6 billion International Monetary Fund (IMF) loan programme.
Lambasting the Shehbaz Sharif-led government for the hike in petrol prices, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said that the nation would “suffer another massive dose of inflation at the hands of this cabal of crooks”.
Meanwhile, Pakistan Business Council has supported the government’s decision.