As a result of the decision to raise the cost of petroleum goods by Rs30, Prime Minister Shehbaz Sharif announced on Friday that the government will launch an Rs28 billion package to provide relief to the general population.
At the request of Turkish President Tayyip Erdogan, Prime Minister Shehbaz Sharif will travel to Turkey the next week to participate in a high-level strategic discussion discussing bilateral cooperation.
On Friday, the Chairman of the PTI, Imran Khan, dispelled rumors that his party had reached an agreement with the establishment and stated that he had called off the long march in order to prevent violence.
The value of the Pakistani rupee increased against the United States dollar during intraday trading on Friday. This occurred just a few hours after the federal government cut fuel subsidies and increased petroleum prices in order to reach a staff-level agreement with the International Monetary Fund (IMF).