Govt Planning To Provide Targeted Subsidy On Petroleum Products: NA Told
Fahad Shabbir (@FahadShabbir) Published March 27, 2023 | 03:20 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 27th Mar, 2023 ) :Minister of State for Finance Aisha Ghaus Pasha on Monday informed the National Assembly that the government was planning to provide targeted subsidy on petroleum products.
Responding to various supplementary questions during Question Hour, she said that inflation jumped to 27.6 percent in January from 24.5 percent recorded in December. The average inflation during July 2022-January 2023 has reached 25.4 percent due to various reasons including the Russia-Ukraine war, higher international commodities prices, Currency depreciation, and fiscal consolidation measures taken to improve the country's macroeconomic conditions, she added.
She said wheat and other food items had to be imported at a higher cost due to the lingering impact of floods. However, the government was making hectic efforts to provide relief to the common man keeping in view the current inflationary trends, she added.
The minister said the government has enhanced the stipends under Benazir Income Support Program (BISP) to support deserving families.
Ramadan package has also been given to provide essential commodities to the people at reduced rates, she said.
The minister said the government was making all-out efforts to bring down inflation having both domestic and international factors. However, she said they needed provincial governments' cooperation to check the price hike.
To another question, she said the government was also giving priority to tax revenue mobilization in view of the current economic challenges and to reduce deficits. A committee has also been set up to expedite tax cases pending in different courts, she said.
To another question, the minister said there were 140 non-custom paid confiscated auction-able vehicles which could not be auctioned and lying for over one year in various customs directorates. There was no maximum period for auctioning of the confiscated vehicles, she said.
Related Topics
Recent Stories
Pakistan Navy rescue, relief operation continue in rain hit Gwadar, Ormara areas
LHC orders replacement of three environment officers
Iran blasts rattle global markets
Southern Punjab lawyers request CJP to conduct cases through video link in Multa ..
Reconciliation in politics is the need of the hour: Irfan Siddiqui
BISP embraces E-procurement: launches inaugural tender
Modi govt broken all records of oppression to win elections: President AJK
PM for further strengthening economic, trade ties with Turkiye
Administrative machinery actively checking price, weight of roti/naan: minister
Advisor asks tourists to avoid visiting Kaghan during current rains
Business community indebted to Ahsan Zafar for his unprecedented services: Yousu ..
Three Filipinos dead in UAE floods: officials
More Stories From Pakistan
-
Pakistan Navy rescue, relief operation continue in rain hit Gwadar, Ormara areas
2 minutes ago -
LHC orders replacement of three environment officers
2 minutes ago -
Southern Punjab lawyers request CJP to conduct cases through video link in Multan
2 minutes ago -
Reconciliation in politics is the need of the hour: Irfan Siddiqui
2 minutes ago -
PM for further strengthening economic, trade ties with Turkiye
2 hours ago -
Administrative machinery actively checking price, weight of roti/naan: minister
2 hours ago
-
Advisor asks tourists to avoid visiting Kaghan during current rains
2 hours ago -
DC Larkana chairs meeting to review strategy for anti-Polio drive
2 hours ago -
Registration process under BISP continues in Sargodha
2 hours ago -
QAU announces scholarships for KP students
2 hours ago -
Prisoner commits suicide in Timergara Jail
2 hours ago -
RCB takes action against selling expired food items
2 hours ago