Prices raised due to PTI govt’s agreement with IMF: PM Shehbaz Sharif

ISLAMABAD: Prime Minister (PM) Shehbaz Sharif on Thursday promised the nation that his government would release “details soon” regarding the previous PTI regime’s deal with the International Monetary Fund (IMF).

His message on Twitter comes a day after the government raised the fuel prices massively, with petrol reaching Rs233.89.

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“Acutely aware of the impact that a fuel price hike causes. Govt is left with no choice but to raise the prices due to IMF deal that PTI govt signed. Will take the nation into confidence on the specifics of the IMF-PTI deal soon,” wrote the prime minister.

“We will get out of these economic difficulties, Insha’Allah,” he added. PM Shehbaz followed by criticizing the past government’s handling of negotiations with the global lender, saying: “I wonder whether those who struck the worst-ever deal with IMF and took patently bad economic decisions have the conscience to face the truth. How can they pretend to be innocent when what the nation is going through is clearly their doing?”

“Details soon,” he reiterated. The prime minister, meanwhile, said that China and Pakistan are good friends and partners and the CPEC is a manifestation of mutual benefit and win-win cooperation between the two countries.

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During his first such interview with Chinese media since he took office as the PM Shehbaz Sharif said that CPEC was a manifestation of mutual benefit and win-win cooperation between Pakistan and China, CGTN reported on Thursday.

He said the Pakistan government attaches great importance to the project; and hopes to benefit further the people of the two countries and the region.