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Reuters
Reuters
Business
Gibran Naiyyar Peshimam and Asif Shahzad

Pakistan's new govt may have to roll back fuel, power subsidies

FILE PHOTO: Pakistan's Prime Minister Shehbaz Sharif gestures during the guard of honour ceremony at the Prime Minister house in Islamabad, Pakistan April 12, 2022. Press Information Department (PID) Handout via REUTERS

Pakistan's new government led by Prime Minister Shehbaz Sharif is in internal discussions on whether to roll back fuel and power subsidies that have blown a hole in public finances amid a stuttering economy, officials said.

Former premier Imran Khan who was ousted in a confidence vote this week announced a cut in petrol and electricity prices in February despite soaring global prices in a bid to win back popular support.

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