The federal government, with the Economic Coordination Committee, decided yesterday to increase gas tariffs by up to 190% to fulfill the remaining conditions of the International Monetary Fund.
It has been agreed with the IMF that the new tariffs will be in effect from July 1, 2019. It is notable that, in this fiscal year, PTI government has increased the prices of gas for the second time.
Moreover, the Pakistani Rupee reached an all-time low of Rs. 161.5 against the greenback yesterday, which means it depreciated by Rs. 4.5 in one day only.
This just serves as further bad news for Pakistanis, and both the news combined have taken the social media by storm.
Dollar flying. Oil prices,gas prices,medicine prices etc have hit the poor.#APC_HopeForPakistan #APC_HopeForPakistan #APC_HopeForPakistan #APC_HopeForPakistan #APC_HopeForPakistan #APC_HopeForPakistan #APC_HopeForPakistan #APC_HopeForPakistan #APC_HopeForPakistan
— Syed Inam Ullah Jui (@InamJui) June 27, 2019
Many are back to criticizing PM Imran Khan’s idea of ‘Naya Pakistan’ and ‘tabdeeli’ as always.
— Danish Naqvi (@lucifer1970) June 25, 2019
— Qamar Abbas (@QamarAbbasRizxi) June 26, 2019
ECC approves upto 200% increase in gas prices. US dollar flying at 162.#Tabdeeli
— Saman Siddiqui (@Ssiddiquisaman) June 26, 2019
190% addition in Gas prices are you serious?I was not expecting this to take place in #NayaPakistan #ImranKhanPrimeMinister please put mercy on those who voted you for the change that can advantage them however those votes are getting used to terminate middle class #Regreting
— Usama Salam (@UsamaSalam9) June 25, 2019
Many are discussing how this hike will affect the salaried class the most and criticizing the PM straight away.
Ask PM Select to go to grocery store and compare the prices of last three months.
I have never seen such a third class Government before.
— Emran Brohi (@ibrohi31) June 26, 2019
— Lord_Stark_of_Winterfell (@truth_wins_1) June 25, 2019
— Imran Bihari (@ImranBihari) June 25, 2019
As a layman, the gas bill is one of the easiest on the wallet. However, after the tariffs increasing twice, it might not be the same anymore.
While it may not be such a big deal for the elite class, the middle and upper middle income groups are the ones who will suffer most from the burden, who have already become victim to inflation and the ever-increasing income taxes.
What do you think about the almost doubled gas tariffs and other taxes introduced in the budget? Let us know in the comments!
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