Pakistan Government Set to Withdraw Hike in Petroleum Product Prices Following Opposition Pressure

Strategic Insights -

The Pakistan Peoples Party (PPP) has bowed to pressure from the opposition and erstwhile coalition partners, agreeing to withdraw the recent hike in petroleum product prices. This decision comes after a meeting of the core committee of the PPP, where it was decided to bow to the collective will of the National Assembly. Awami National Party (ANP) President Asfandyar Wali Khan played a key role in resolving the issue, calming down leaders from both the treasury and opposition benches.

Key Takeaways:

  • The Pakistan Peoples Party (PPP) has agreed to withdraw the recent hike in petroleum product prices following pressure from the opposition and erstwhile coalition partners.
  • A meeting of the core committee of the PPP decided to bow to the collective will of the National Assembly, paving the way for the withdrawal of the price hike.
  • Awami National Party (ANP) President Asfandyar Wali Khan played a key role in resolving the issue, talking to leaders from both the treasury and opposition benches.
  • Asfandyar Wali Khan also met with PML-N leader Sardar Mehtab Ahmad Khan Abbassi to discuss the Government's decision to withdraw the price hike.
  • The National Assembly is now set to form a special committee to discuss the issue of petroleum product prices.
  • The special committee will have representation from all parliamentary parties, and the Government has agreed to take back the price hike.

Statistics:

  • No specific statistics were mentioned in the article.
  • However, the article states that the Government has agreed to withdraw the price hike, which is a significant development in the ongoing debate on petroleum product prices.

Sources:

  • THE NATION, January 3
  • THROUGH ASIA PULSE (no date mentioned in the original text)