Consumers will profit from a further drop in oil prices.

Bilal Azhar Kayani, the Minister of State for Finance, said that the prices of oil are checked on a regular basis, and any changes are made in line with what is happening in the world market.

He said that the petroleum taxes were being made more fair. For example, the tax on diesel was now $0, while the tax on petrol was Rs80. He also said that any further drop in international oil costs will be passed on to consumers.

During his visit to the Karachi Chamber of Commerce and Industry on Saturday, Kayani said that Pakistan had regained access to the international Eurobond market after being shut out for four years. This showed that investors were once again confident in the country’s economic trajectory.

He said again that the government is fully committed to ensuring long-term economic stability and faster growth through exports by working closely with the private sector.

The state minister stressed that the government was working on a policy framework to make sure that economic growth is inclusive and long-lasting, with the private sector playing a key role. He told exporters that they will still have governmental support to help Pakistan’s exports do better and compete better on the world stage.

Kayani stressed that talking to business people like this was important for knowing what was really going on and making sure that policy measures were still in line with the needs of trade and industry. He said that Karachi is the backbone of Pakistan’s economy because it is so important for industrial output, trade volumes, and national revenue.

He said that the reason for his visit was to find and fix the main problems that were getting in the way of economic activity and make the atmosphere more business-friendly.