The government on Tuesday once again deferred decisions on both issues in two separate back-to-back meetings – one chaired by the prime minister and the other by Deputy Prime Minister Ishaq Dar.
During the cabinet meeting, PM Shehbaz, for the third consecutive time, postponed a decision on allowing dual nationals to hold the positions of governor, deputy governors and directors at the SBP.
Earlier in the day, Deputy PM Dar presided over another inconclusive meeting on the carbon levy.
However, key government officials told The Express Tribune that there is a strong push within the government to increase the existing petroleum levy rate of Rs60 per litre to offset part of the upcoming reduction in diesel and petrol prices.
Under the current law, the petroleum levy on high-speed diesel and petrol can be raised to Rs70 per litre. A Rs10 per litre increase would generate an additional Rs15 billion per month for the government, which is struggling with huge revenue shortfalls.
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