Govt rolls back POL price hike

Gilani announces decision in National Assembly

Parliamentary leaders taken on board; Opposition hails decision

Special Correspondent/ Agencies

ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani on Thursday announced restoration of prices of POL products to the level of December 31, last year and withdrew the latest increase announced by the government. Making a policy statement on the issue in the National Assembly, he said the decision has been taken in deference to the demand of the public, parliament and the political leadership.

He said the decision was arrived at the meeting of leaders of all parliamentary parties in Islamabad where they were briefed by the Finance Minister and other members of the government’s economic team on the petroleum prices and the overall economic situation. Prime Minister said there was consensus in the meeting that the latest increase should be withdrawn.

Read more »

Posted in: assassination,back,decision,Govt,hike,issue,Minister,parliamentary,POL,price,prices,Prime Minister

POL price hike draws public ire

ANP, MQM, JI unite against fuel price increase

Staff Reporter / Agencies

ISLAMABAD/KARACHI: Awami National Party (ANP) and the Pakistan Muslim League-Nawaz (PML-N) rejected the hike in prices of petroleum products Saturday and presented adjournment motions in the Senate and the National Assembly, television reports said. An adjournment motion was presented by the ANP, the government’s coalition partner. The motion said that the measure would burden the people, and called on the government to review its decision.

According to one report, the PML-N also tabled an adjournment motion against the petroleum price hike. The PML-N’s motion stated that the government led by the Pakistan Peoples Party (PPP), which chants slogans of providing the people with bread, cloth and shelter, was depriving people from their right to live.
The motion also called for a debate on the matter in the parliament.

Read more »

Posted in: ANP,hike,increase,Pakistan,PML,POL,price,prices,that

Co raises urea price by Rs150/50-kg bag Engro told to justify hike

ISLAMABAD: Under the directives of the Federal Minister for Industries and Production Mir Hazar Khan Bijarani, the ministry has taken a serious note of increasing unilaterally the urea price by Rs190 per 50-kg bag by Engro Fertilizers Ltd.

“This is indeed alarming”, says a statement issued by the Ministry of Industries and Production here Thursday. The statement said that it has been further ascertained that only one urea manufacturer has introduced this price increase, adding manufacturer has been asked to explain this increase immediately to the Fertilizer Price Review Committee (FPRC). Moreover, the government fully believes that, when sufficient stocks of urea are available in the country then there is no justification, at all, of increasing urea prices by one manufacturer, the statement added. It is pertinent to mention here that, as per commitment made by the manufacturers in the last meetings held in the Ministry, the manufacturers/ dealers were bound to print retail price on the urea bags.

Read more »

Posted in: affected,CCP,decisions,gas,hike,increase,price,raises,that,urea