“We can control the price hike through internal measures, such as austerity. - Advertisement -The minister beseeched the masses to adopt austerity as it was the only solution at the moment amid limited available resources. The defence minister pointed out that if Ukraine-Russia war ended then the fuel prices would nosedive and that would benefit our economy. While lambasting the fuel hoarders, Asif said the profiteers who exploit economic crisis and problems of the poor started stockpiling amid decision of fuel price hike. If we had delayed price increase for a month than it might cost Rs 100 to 120 billion a month to the national exchequer.

Source: The Nation June 17, 2022 11:48 UTC