EconomyPakistan

PM Kakar Orders Price Cut in Essential Services After Fuel Prices Go Down

The caretaker Prime Minister of Pakistan, Anwaar-ul-Haq Kakar, has ordered a reduction in the prices of essential services such as electricity, gas, water and sanitation after the government announced a massive cut in the prices of petrol and diesel on Saturday.

The decision was taken in a meeting chaired by Kakar at the Prime Minister House in Islamabad, where he reviewed the economic situation of the country and the impact of the fuel price reduction on the public.

According to a statement issued by the Prime Minister’s Office, Kakar directed the relevant ministries and departments to pass on the benefit of the fuel price cut to the consumers by lowering the prices of essential services.

He said that the caretaker government was committed to providing relief to the people and ensuring a smooth conduct of the upcoming general elections.

He also instructed the authorities to monitor the prices of essential commodities in the market and take strict action against hoarders and profiteers.

The caretaker government had announced a reduction in the prices of petrol and high-speed diesel by Rs 40 and Rs 15 per litre respectively for the second half of October, bringing them down to Rs 238.38 and Rs 303.18 per litre.

The move was welcomed by various segments of society, especially transporters, industrialists and traders, who said that it would help reduce their operational costs and boost economic activity.

The reduction in fuel prices was attributed to the declining trend of petroleum prices in the international market and the appreciation of the Pakistani rupee against the US dollar.

The caretaker government has also decided to hold a national-level inter-faith harmony conference next week to promote peace and tolerance among different religions and sects in the country. The conference will be attended by scholars of different faiths and schools of thought.

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