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Pakistan Punjab

Shah Mehmood Qureshi predicts more price increases after IMF agreement.

Shah Mehmood Qureshi

According to Shah Mahmood Qureshi, vice chairman of Pakistan Tehreek-i-Insaf (PTI), the ‘imported government’ is massively increasing inflation by accepting all terms of the International Monetary Fund (IMF) in order to reach an agreement with it.

Speaking to journalists after reopening the famous Sheedi Lal Bridge in Multan on Sunday, the PTI leader said the PML-N-led coalition government had raised the price of petrol by Rs35 per litre and would soon raise the price of all petroleum products.

Mr Qureshi commented on PML-N Senior Vice President and Chief Organiser Maryam Nawaz’s visit to Multan and her address to a workers’ convention, saying Ms Maryum Nawaz came to Multan to congratulate the people on the massive increase in flour and oil prices.

He stated that the government planned to raise oil prices by Rs50 per litre and electricity prices by Rs7 per unit, in addition to imposing an 18% sales tax.