POL prices in Pak are the cheapest in the region: Pervaiz
Information Minister says the government has put the economy on right track during the past 17 months.
Information Minister has said the government has passed maximum benefit of reduction in oil prices in the international market on to the people.
Addressing a news conference in Islamabad this evening, he said the petroleum prices are the lowest in the region.
He said the government is bearing a loss of forty billion rupees by reducing the petroleum prices on account of revenue collection.
Regarding shortage of gas, he said all out efforts are underway to overcome the crisis and hoped it will be resolved for good during the current year.
The Minister said the federal government has written to the province to reduce prices of essential commodities so that the people could benefit from the improved economy.
He said despite terrorism, foreign investment in the country has increased. The government is providing the lucrative incentives as well as fool proof security to the investors.
He said the foreign exchange reserves have risen to more than fifteen billion dollars. He was of the view that the government has put the economy on right track due to prudent economic policies during the past seventeen months.
Pervaiz Rashid said 2015 will be the year of launching mega projects in the country. He vowed that the menace of terrorism will also be eliminated this year. He said the inflation has been brought down to 4.3 percent.