ISLAMABAD: PM Nawaz Sharif has given directions to the finance ministry to manage Rs.4,000 crore (nearly $400 million) to import petrol and furnace oil for two months to cope with the fuel crisis.
Sharif asked the finance ministry to arrange for the money to import at least 10 shiploads of petrol and furnace oil.
A senior official in the petroleum ministry said the government’s efforts helped to normalise petrol supplies in Lahore, Faisalabad and Rawalpindi but conceded that smaller towns in Punjab province and major towns in Pakistani Kashmir were still facing acute shortages.
“Obviously, the government’s top priority is to minimise the hardship of (the) large population,” the official said, adding that it would take some time to completely restore supplies across the country.
Weekly inflation rises 0.15pc, annual rate reaches 9.11pc
ISLAMABAD: Pakistan’s weekly inflation increased by 0.15%, pushing the annual inflation rate to 9.11%, according to the latest report released...
