KARACHI: Pakistan’s caretaker information minister Murtaza Solangi said Saturday the government might be able to reduce fuel prices in the country during the next fortnightly review due to the relative increase in the value of the Pakistani rupee against the US dollar in recent weeks.
He issued the statement during a brief media interaction at the Karachi Press Club in response to a question regarding a possible relief in the record rise in petroleum prices which has built massive inflationary pressure on the economy and increased the cost of living in the country.
The country fixes fuel prices on a fortnightly basis after evaluating fluctuating international energy market costs and the rupee-dollar parity to transfer the impact on domestic consumers.
The government announced a historic increase in the prices of petroleum products last week on Friday, making the per liter petrol rate breach the Rs330 mark for the first time in history.
“We import most the oil and the price in the international market and the amount of money we pay in dollars become two major factors affecting the cost of oil products,” the information minister said.
“But the way our government has reduced the value of the dollar through administrative measures, we will probably pay less rupees to buy petrol,” he continued. “It is therefore highly likely that the price of petrol will come down when the next announcement is made.”
Solangi also responded to questions about the prevailing political situation in the country, specifically about the forthcoming return of Pakistan’s former prime minister Nawaz Sharif from self-exile in London ahead of the national polls in January.
The three-time premier flew out of the country in November 2019 after securing medical bail following his conviction in two corruption references and was later declared an absconder for not returning to Pakistan within a stipulated period.
Sharif and his party have said that all cases against him are politically motivated. However, the announcement of his homecoming on October 21 at the beginning of the month has made his rivals raise the question about whether he was going to surrender himself to the law.
“Nawaz Sharif has been the prime minister of this country three times,” Solangi said. “He is the leader of a very large political party. When he went abroad, he did not break the walls of the prison but got permission from a court and the government of that time. When he returns, he will be treated according to the constitution and law of the country.”
The minister said the media should ask about Sharif’s strategy in the face of all the legal challenges from his political faction, adding he did not know whether he would apply for bail before returning to the country or not.
This is the first time the country’s interim administration has issued a statement about Sharif’s planned return to Pakistan.
Pakistan’s interim administration says fuel price reduction likely in upcoming fortnightly review
https://arab.news/9hpsg
Pakistan’s interim administration says fuel price reduction likely in upcoming fortnightly review
- Caretaker information minister says gradual increase in the rupee value against the US dollar may bring down petrol cost
- Murtaza Solangi also says Pakistan’s three-time prime minister, Nawaz Sharif, will be treated as per the law upon return
Pakistan arrests suspect arriving from Cambodia amid crackdown on human smuggling
- Suspect worked at an “online fraud company” in Cambodia, later started smuggling people from Pakistan, says FIA
- Pakistan has intensified crackdown against human smugglers after hundreds of migrants drowned near Pylos in 2023
ISLAMABAD: Pakistan’s Federal Investigation Agency (FIA) on Sunday said it had arrested a key suspect involved in smuggling humans who had arrived from Cambodia, alleging he was also part of an international fraud network.
The suspect, identified as Zainullah, was arrested by FIA officials when he arrived in the southern port city of Karachi from Cambodia.
Zainullah had traveled from Pakistan to Cambodia in September 2024, a press release issued by the agency said.
“He worked at an online fraud company in Cambodia and later became involved as an agent in recruiting individuals from Pakistan,” the FIA said.
The FIA said it recovered images of multiple individuals’ passports, payment receipts and bank transaction records after extracting data from Zainullah’s phone.
It said the suspect received money through personal bank accounts and a cryptocurrency account.
“The suspect has been handed over to the FIA Anti-Human Trafficking Circle, Karachi, for further legal proceedings,” the FIA said.
“Further investigation is underway.”
Pakistan intensified action against illegal migration in 2023 after hundreds of migrants, including 262 Pakistanis, drowned when an overcrowded vessel sank off the Greek town of Pylos, one of the deadliest boat disasters in the Mediterranean.
Authorities say they continue to target networks sending citizens abroad through dangerous routes, following heightened scrutiny at airports and a series of arrests involving forged documents.
Pakistan’s interior ministry said this week illegal migration to Europe has declined by 47 percent this year after its nationwide crackdown, saying that more than 1,700 human smugglers have been arrested in 2025.
