Pakistan requires Rs1.4tr in subsidies to keep POL prices unchanged

Employees at a fuel station attend to their customers in Islamabad, Pakistan, on February 16, 2022, after a hike in prices of petroleum products. (AFP/File)
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Updated 21 May 2022

Pakistan requires Rs1.4tr in subsidies to keep POL prices unchanged

May 21: The News reported that the International Monetary Fund (IMF) has estimated that Pakistan requires Rs1,416 billion in subsidies for keeping the POL prices unchanged on an annual basis at the prevalent existing prices in the international market, so Islamabad will have to reverse fuel subsidies for achieving fiscal prudence.

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