ISLAMABAD: On the prime minister’s directions, the Oil and Gas Regulatory Authority (Ogra) has been provided with the first tranche of Rs27 billion from the Prime Minister’s Austerity Fund to settle price differential claims arising from the government’s decision to shield consumers from rising international oil prices.
The funds have been arranged through various expenditure reduction measures implemented within the federal government and deposited into the Prime Minister’s Austerity Fund.The government is also considering additional cost-cutting measures to ensure that relief is provided to the public while remaining within budget and identifying further savings.
