US voices misgivings about reversal of fuel prices


Yousuf Raza Gilani

Prime Minister Yousuf Raza Gilani on Thursday gave into opposition political pressure and reversed fuel price hikes

The United States Thursday voiced misgivings about Pakistan government’s decision to reverse a recent hike in fuel prices, saying, “they’re important for its long-term economic stability.

“Our position is that … Pakistan needs to undertake difficult economic reforms that are going to require some pain,” State Department Spokesman Mark Toner told reporters in Washington. “But they’re important for its long-term economic stability.”

“Well, that is our belief and that is our position,” Toner said when asked if it was a “bad thing” for Pakistan to reverse the fuel price increases.

“But beyond that, I’m not going to weigh into what is a domestic political debate in Pakistan,” Toner said.

In Islamabad, Prime Minister Yousuf Raza Gilani on Thursday gave into opposition political pressure and reversed fuel price hikes, in a move designed to prevent his fragile government from collapsing

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