Like POL, prices of more products to be deceased

By: News Desk      Published: 08:57 PM, 1 Mar, 2020
Like POL, prices of more products to be deceased

Federal Minister for Economic Affairs Hammad Azhar on Sunday claimed that the prices of other products will witness a decline like the prices of POL products, which have been deceased a minimum of Rs5 a litre.

“Prices of commodities like onion, tomatoes and flour have already witnessed a sharp decline.”

Talking to the media, the minister said that the incumbent government-led by Pakistan Tehreek-i-Insaf (PTI) faced severe economic issues when it came to power and had to take strict decisions with a heavy heart. The situation would have been gone worst from bad, had the government not taken {these decisions}.

Hammad Azhar reiterated the government’s commitment to develop underprivileged areas, which had been neglected by the successive governments. Billions of rupees had been diverted towards projects in developed areas for facilitating the privileged class but now this trend will be changed.

FATF GREY LIST

About bringing the country out of the Financial Action Task Force (FATF) grey list, the minister said that Pakistan was placed on the list in February 2018 and since after coming into power they were able to implement 14 points of the 28-point implementation plan from the anti-money laundering body.

The State Bank of Pakistan is independent in its working in contrast to the past and the decision has yielded positive results for them.

The inflation has witnessed a decline and if this continues then the interest rate could also come down.

PTI NOW TO RULE FOR DECADES

The minster pointed out that despite negative propaganda of the opposition, especially the PML-N, the PTI-led government has successfully brought improvements on economic front.

“Their tenure to rule has now gone as PTI will now rule for decades owing to its public-friendly policies,” he claimed.

The minister also credited Prime Minister Imran Khan for successful signing of deal between the United States (US) and Taliban, saying that it was the victory of the 10-year old narrative of the premier.

He further negated the impression of government influencing the NAB authorities and said that it is an independent institution and takes decisions on its own.