Federal Minister for Finance and Revenue Miftah Ismail on Saturday said that the price of petroleum products will either be reduced or increased by Rs0.80, adding that the final decision will be taken tomorrow (Sunday).

Speaking on a tv show, Miftah said that the US dollar would slide down against the Pakistani rupee, however, asserting that the government will not interfere with the movement.

The finance minister assured the inflation-weary people that the price of electricity will decline by October. “The government exempted consumers who use up to 300 units from fuel charges adjustment (FCA) in August and September bills, however, a decision regarding FCA being charged after that will be taken later,” he said.

He said that the “whole world” is standing with Pakistan at this time.

“Pakistan is likely to get $1.5 billion from the Asian Development Bank this month and Qatar will invest $3 billion in Liquefied natural gas (LNG) plants, solar and stock exchange.”

The minister said that the government is spending on the poor due to the flood situation. “The prime minister has directed us to give Rs5 billion more to the National Disaster Management Authority (NDMA),” he added, while urging the nation to help the flood affectees as much as possible.

Regarding the size of PM Shehbaz’s cabinet, he said: “PTI Chairman Imran Khan’s cabinet was the biggest; however, I will also not defend the cabinet consisting of 70 people.”

He also revealed that he is not taking a salary.

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