Former prime minister Shahid Khaqan Abbasi and Minister of State for Petroleum Dr Musadik Malik addressing a press conference in Islamabad. But, it violated sovereign commitment with the international financial institutions,” he said. He said the required measures had been taken to advance negotiations with international financial institutions including the IMF. “It [increase in fuel prices] was an extremely difficult decision taken after thorough review. If this step was not taken, the national economy would have collapsed,” he added.

Source: The Express Tribune June 03, 2022 18:03 UTC