Country has sufficient stock of diesel, furnace oil, motor gasoline for two months: Miftah

ISLAMABAD: Finance Minister Miftah Ismail has said the country has sufficient stock of diesel, furnace oil, and motor gasoline for two months.

Briefing media here in Islamabad on Thursday, along with Defence Minister Khawaja Muhammad Asif after the federal cabinet meeting, he said in view of availability of this stock, there is no need to import these commodities, which will reduce pressure on Pakistani rupee.

He said dollar prices are now coming under control since the government has announced that it will complete its tenure. He said the nation will see dividends of this thing from next week. The Finance Minister also expressed the confidence that demand for dollar will be tackled by ensuring enhanced supply of dollar. Commenting on political situation in the country, Khawaja Muhammad Asif said PML-N has consolidated its position in the recent by-elections in Punjab as its vote bank and seats have increased.

He said PML-N won five seats, including the one grabbed by an independent, who is also a PML-N loyalist. He said it should be kept in view that all the 20 constituencies, where by-election was held, were previously won by the PTI in General Election 2018.

The Defence Minister said track record of PTI Chief’s approach toward horse-trading over the last four years is an open secret. He said Imran Khan had once dubbed Pervaiz Elahi as the biggest dacoit of Punjab and now he is going to support him.

Khawaja Asif said Punjab Administration led by Chief Minister Hamza Shehbaz Sharif organized the most transparent elections in the recent by-polls in Punjab. He said it showed our commitment with our narrative of giving respect to the sanctity of vote without giving any consideration to political.