The federal government announced on Tuesday that fuel prices will remain unchanged over the next fortnight and savings will be used to upgrade the country’s infrastructure.
Presidency today a federal meeting of the Council of Ministers in Islamabad, Prime Minister Shehbaz Sharif said: “The government has decided not to transfer the lowest fuel prices to the international market to humans.
The prime minister said the funds would be used to manage the most important Balochistan highway of the N -5, connecting Chaman, Quetta, Kallat, Khuzdar and Karachi.
He said it would be a double pavement, but it will be renovated according to highway standards.
Following the decision of the Federal Council, the price of gasoline will remain in Rs 254.63 per liter, while the high -speed diesel will be valued at RS258.64 per liter.
Speaking by the way, he said the federal government would also build M-6 and M-9 from Sukkur in Hyderabad and Hyderabad in Karachi.
The prime minister added that the funds saved by the National Ministry of Savings due to the reduction of oil prices on the international market will also be used for this project.
The prime minister said the same savings from oil prices will also be used to complete phase 2 of the Kachhi channel project, which will irrigate hundreds of acres of land in Balochistan province.
The prime minister processed that the project would secure prosperity throughout Backed and all Pakistan.
The prime minister said Pakistan’s four provinces are like four brothers and will share the resources equally and fair.
He said that Pakistan’s prosperity is linked to the well -being of the Backedan.
In addition, the Federal Council approved the amendment of the Petroleum Levy 1961. This amendment will increase national revenue.
The Council of Ministers also attributed approval in the context of sustainable Sukuk investment for the issuance of domestic securities by the government. This will be useful in the Sukuk version for local sustainable.
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