Thursday, December 8, 2022

Govt to announce relief package for motorcyclists, rickshaw drivers

As a result of the recent increase in the cost of petroleum products, the federal government made the decision on Friday to provide a relief package to people who use motorcycles and rickshaws.

The information gathered suggests that Prime Minister Shehbaz Sharif presided over the gathering where the decision was made. Through the Benazir Income Support Programme (BISP), those who operate motorcycles and rickshaws would receive financial assistance.

There will have a positive impact on the lives of about 12.5 million individuals as a result of providing respite to motorcyclists and rickshaw drivers. According to the sources, Prime Minister Shehbaz Sharif will make the announcement on the relief package while he is addressing the country.

During the discussion, the affiliated parties provided Prime Minister Shahbaz Sharif with advice on how to steer the nation out of its current precarious predicament. The Prime Minister, on the other hand, has instructed everyone to spread the word that there is no doubt in the country. The PM continue to say that “the administration will fulfill its constitutional term and there will be no elections held under pressure.”

It is important to note that in order to qualify for assistance from a $6 billion aid package that was agreed with the International Monetary Fund (IMF) in 2019, the federal government has raised the prices of petroleum goods by Rs30.

Read Also: Rising petroleum products challenged at LHC

After receiving approval from the Prime Minister in a party meeting, Finance Minister Miftah Ismail made the decision public in an unexpected news conference. This came after Prime Minister Shehbaz Sharif gave him the go-ahead.

In the early part of this week, it became public knowledge that the negotiations between the government of Pakistan and the International Monetary Fund had come to a successful conclusion. As part of the agreement, the IMF agreed to condition the provision of a $3 billion economic relief program for Pakistan on the elimination of fuel subsidies.

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