Pakistan minister says country can’t run on subsidy after petrol prices soar to historic high 

Pakistani information minister Chaudhry Fawad Hussain addressing a national conference on "Local Democracy and Moving Forward" in Islamabad, Pakistan on Sept. 28, 2021. (PID Photo)
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Updated 17 October 2021
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Pakistan minister says country can’t run on subsidy after petrol prices soar to historic high 

  • Chaudhry Fawad Hussain laments “propaganda,” says industries, agriculture, construction sectors making record profits 
  • Government increased petrol price by Rs10.49 on Saturday, taking it to Rs137.79 per liter 

ISLAMABAD: Pakistani Information Minister Chaudhry Fawad Hussain on Sunday said the entire country could not be run on subsidy, a day after Pakistan recorded a historic hike in petroleum prices. 

The Pakistani government increased the price of petrol by Rs10.49 and that of high-speed diesel by Rs12.44 on Saturday, taking them to Rs137.79 and Rs134.48 per liter, respectively. 

The prices of kerosene and light diesel oil rose by Rs10.95 and Rs8.84 to Rs110.26 and Rs108.35 a liter, respectively. 

This is perhaps the first time the four major petroleum products are being simultaneously sold above Rs100 in the country, according to the publicly available data. 

The move drew the ire of the opposition and the masses, who said it would lead to further inflation in the country. 

But Hussain said the opponents were waging such “propaganda” as if Pakistan existed on some other “planet.” 

“If the prices of oil and gas would go up globally, then they would increase in Pakistan as well,” he contended in a Twitter post. 

“The entire country cannot run on subsidy. Prices are high today, they will come down tomorrow, then they will decrease here too.” 

The minister said these financial difficulties were temporary, adding that industries, agriculture and the construction sector were making historic profits. 

Admitting financial difficulties of the working class, he also suggested a solution to them. 

“The salaried class is facing problems and the private sector should raise salaries of its workers,” Hussain said. 

“Increase in pay and employment is a solution to inflation.” 


Amid Middle East tensions, Pakistan says viral notice on temporary port shutdown is fake

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Amid Middle East tensions, Pakistan says viral notice on temporary port shutdown is fake

  • Viral fake notification claimed Pakistan suspended port entries until Mar. 10 over Middle East situation
  • Tensions have surged in the region after US and Israel bombed Iran and killed Ayatollah Ali Khamenei

ISLAMABAD: Pakistan’s information ministry on Thursday dismissed as fabricated a notice circulating on social media platforms about Islamabad suspending all types of entry at the country’s ports, clarifying that no such order has been issued. 

The clarification came after a notification that stated it was from the Cabinet Division went viral on social media. It claimed that the maritime affairs ministry, on the instructions of the Prime Minister’s Office, decided to order the temporary suspension of all types of entries at Pakistan’s ports till Mar. 10.

The notification claimed that the decision was applicable on the Karachi Port Trust, Port Qasim Authority, Gwadar Port Authority, Port of Pasni, Port of Ormara and the Port of Jiwani, saying the decision had been taken “in the interest of national security and strategic preparedness.”

“The notification is FABRICATED,” the information ministry’s Fact Checker account wrote on X. “No such order has been issued by the Cabinet Division or the Ministry of Maritime Affairs.”

Tensions have surged in the Middle East since Feb. 28, when the US and Israel launched surprise airstrikes against Iran after months of negotiations over Tehran’s nuclear program. 

Iran confirmed on Sunday its Supreme Leader Ayatollah Ali Khamenei had been killed in the strikes as the Middle Eastern country retaliated with drone and missile attacks against US military installations in the UAE, Qatar, Jordan, Bahrain and Saudi Arabia.

Pakistan has dismissed fears of a fuel shortage in the country, after the Strait of Hormuz was shut by Iran amid escalating hostilities between Tehran, the US and Israel. The conflict has disrupted tanker traffic through one of the world’s most important oil chokepoints.

Pakistan, which imports most of its fuel from Middle Eastern nations, has moved quickly to ensure its stock of petroleum products does not take a massive hit. 

Pakistan has asked Saudi Arabia for help in securing crude oil supplies through the Red Sea port of Yanbu, the petroleum ministry said on Wednesday. 

Pakistan’s Oil and Gas Regulatory Authority has also allowed oil companies to regulate supply to their retail outlets to prevent hoarding and artificial price hikes as tensions in the Gulf surge.