petrol price hike likely, Tarin says
Prime Minister on Finance and Revenue Shaukat Tarin has dropped a hint about petrol likely to become more expensive as the Pakistani rupee continues to depreciate against the US dollar.
Talking to the media in Karachi, Tarin warned that petrol prices could go up, if global prices go up.
Tarin said that the ‘Satta mafia‘ is involved in the depreciation of the rupee. The dollar is being smuggled to Afghanistan and the government is going to tighten the noose around the mafia.
He said the government is working on a long-term strategy to strengthen the national economy on a sustainable basis.
Tarin said Prime Minister Imran Khan took balanced decisions to protect the livelihood of people and the economy during COVID-19. The adviser said the government fully focused on construction, agriculture, and industry to ensure growth in all sectors.
He said significant growth in agriculture production has been witnessed during the last year and we are trying to increase our revenue from nine to eleven percent.
Shaukat Tarin said Information Technology sector exports increased by 47 percent during the last year and other sectors are also showing growth.
He said the promotion of the construction sector has generated job opportunities.