State Minister of Finance Bilal Azhar Kayani announced that petroleum prices are being regularly reviewed to align with global market trends. He mentioned that petroleum levies are being rationalized, with the current levy on diesel at zero and petrol at Rs80. Any further decrease in international oil prices will be passed on to consumers.
During his visit to the Karachi Chamber of Commerce and Industry, Kayani highlighted that Pakistan has re-entered the international Eurobond market after a four-year hiatus, signaling renewed investor confidence in the country's economic trajectory. He reaffirmed the government's commitment to achieving sustainable economic stability and promoting export-led growth through robust public-private collaboration.
Kayani stressed that the government is implementing a policy framework to ensure inclusive and lasting economic growth, with a focus on the private sector's pivotal role. He assured exporters of continued policy support to enhance Pakistan's export performance and global competitiveness.
The state minister underscored the importance of engaging with the business community to understand ground realities and align policy measures with industry needs. He described Karachi as the economic backbone of Pakistan, emphasizing its significant contributions to industrial output, trade volumes, and national revenue.
Kayani stated that his visit aimed to identify and address key barriers to economic activity while fostering a more conducive and business-friendly environment.
