KARACHI: Pakistan on Sunday announced a major cut in petroleum for lower income group in order to provide relief in the wake of high inflation.
Prime Minister Shehbaz Sharif announced petroleum package to provide subsidy of Rs50 per liter to provide relief to people having motorcycles, rickshaws and lower capacity engines.
The relief package for subsidy is liable on those consumers who have motorcycles, rickshaws, 800 cc or smaller cars.
Minister of State for Petroleum Musadik Malik briefed about the strategy for providing petroleum subsidy to the low-income segment of society.
Prime Minister Shehbaz Sharif announced the relief package in the review meeting. He said that the programme of petroleum subsidy would be started soon and a comprehensive strategy would be formed with the cooperation of relevant departments for effective implementation of the subsidy programme.
He added that, the government was making effort for all possible help to the poor people despite its economic difficulties.
Minister for Finance Muhammad Ishaq Dar, Advisor to PM Ahad Cheema, Special Assistant to PM Tariq Bajwa, Secretary Finance, Secretary Petroleum and high-ranking officials attended the meeting.
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