Pakistan Finance minister defends sudden price hike in petroleum products ...Middle East

Pakistan's finance minister has said the recent decision to hike prices of all petroleum products in the country was done as the government had no other option left to prevent the country from drifting towards a bad situation. In a bid to placate the International Monetary Fund (IMF) for an economic bailout, the Shehbaz Sharif government on Thursday increased the petrol and diesel prices by PKR 30 per litre causing a surge in the cost of production in the country.

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