Saad Rafique said that notification for lowering the trains & PIA fares will be issued tomorrow.
Railways & PIA fares slashed by 10pc. Federal Minister for Railways and Aviation Khawaja Saad Rafique has announced to slash fares of trains and Pakistan International Airlines (PIA) flights.
The minister announced a 10 percent reduction in fares of economy class of trains and domestic flights of the PIA. “The decision will come into force for 30 days from July 17,” he said.
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Khawaja Saad Rafique said that the notification for lowering the trains and PIA fares will be issued soon. He further said that 94 percent people in railways and 90 percent of passengers in PIA travel in economy class.
The reduction in fares came in the backdrop of Prime Minister Shehbaz Sharif announcing a reduction in the prices of petroleum products.
Earlier, PM Shehbaz slashes petrol price by Rs18.50 per liter. Prime Minister (PM) Shehbaz Shairf Thursday slashed the price of petrol by Rs18.50 per litre in order to provide maximum relief to the consumers.
Shehbaz had said that government had increased the price of petrol after coming into power to meet the conditions laid forth by the International Monetary Fund (IMF), which were agreed by the previous PTI-led government.
However, now as the prices are declining in the international market the government has decided to pass on the relief to people and therefore reduced the price of petrol and diesel by Rs18.50 and Rs40.54 per litre, respectively.
The new price of petrol will be Rs230.24 per litre while diesel will be available at Rs236 per litre.
Pakistan and International Monetary Fund (IMF) have reached an agreement under which Pakistan will soon receive one point one seven billion dollars.
The relief was announced by the premier as he addressed the nation about the country s economic situation, the government s performance over the last three months and the agreement with IMF.
In a tweet on Thursday, Minister for Finance and Revenue Miftah Ismail says the agreement has been inked to complete the 7th and 8th reviews of Pakistan’s Extended Fund Facility.
He thanked Prime Minister Shehbaz Sharif, his fellow ministers and financial team for their help and efforts in reaching the agreement with IMF.