Islamabad: The government’s decision to partially withdraw subsidies on petroleum prices has attracted appreciation from the Pakistan Business Council (PBC).
Read: Govt increases petrol price by Rs30 per litre
In a tweet, the PBC said that the decision to partially withdraw the general subsidy on fuel is belated but a step in the right direction to stem the pressure on the twin accounts.
The decision to partially withdraw the general subsidy on fuel is belated but a step in the right direction to stem the pressure on the twin accounts. What about a conservation drive? Reduced work week, WFH? 1 day/week saves $167 M/month with no political fallout. @MiftahIsmail
— The Pakistan Business Council (@ThePBC_Official) May 26, 2022
At the same time, it asked the government for a conservation drive. The body suggested reducing the workweek and encouraging work-from-home.
According to the PBC’s estimates, one day of work-from-home per week saves $167 M per month, causing no political backlash.
Read: One day work from home saves more dollars than import ban: Pakistan Business Council
