Pakistan Business Council has demanded targeted subsidy on oil.
A statement issued by the Pakistan Business Council said that all avenues of economic stability pass through the International Monetary Fund (IMF) and if the IMF program is not restored then help from friendly countries is not expected. ۔
The Pakistan Business Council demanded that instead of subsidizing fuel, targeted subsidy should be given to all. The government should try to limit the use and import of fuel but inaction would have serious consequences.
The Pakistan Business Council further said that even if the oil subsidy was continued, the country would not be able to escape inflation. It would be better to take a decision to avoid further economic difficulties.