Islamabad: Prime Minister Shehbaz Sharif will address the nation tonight in order to take citizens into confidence over the reduction in prices of petroleum products.
The PM is expected to announce the price of petroleum products for the fortnight and will brief the nation about the staff-level agreement reached with the International Monetary Fund (IMF).
Earlier today, talking to the media in Islamabad, Federal Minister for Finance and Revenue Miftah Ismail said that the prices of petroleum products will be lowered today instead of waiting till July 15 as PM Shehbaz wants to give immediate relief to the people.
He revealed that the finance ministry has received a summary from the Oil and Gas Regulatory Authority (OGRA) recommending a cut in prices and the Fund has no objection to it.
Late last night, the Pakistani authorities and the IMF finally reached a staff-level agreement over the release of $1.17 billion to support the country’s fragile economy.