High oil prices in int’l market cause of readjustment in prices: Fawad

Economic hardships are temporary, industry, agriculture & construction sectors are making historic profits


ISLAMABAD, Minister for Information and Broadcasting Chaudhry Fawad Hussain said on Sunday that propaganda about the rise in oil prices was being done as if Pakistanis lived on a separate planet away from the rest of the world.

In a tweet, he said if oil and gas prices go up in the world, Pakistan will to readjust prices as per new rates.

The minister said that the whole country could not be run on subsidies.

He said now prices were high but if oil prices fall in international market, Pakistan will also reduce oil prices. He said the nation would face difficulties together.

The minister said that economic hardships were temporary and industry, agriculture and construction sectors were making historic profits. Fawad said that the salaried class was facing problems. He urged the private sector to increase the salaries of its employees.

He said increase in income and employment were best way to counter inflation.

Earlier, addressing a seminar on “politics and journalism in the age of fake news” organized by Arab News he said that the phenomenon of fake news was created with the revolution in information technology and increase in media platforms.

The minister said the international community would have to prepare some rules to counter fake news and the aspect of responsibility would have to be added with freedom of expression.

He was of the opinion that there was a need of widespread debate on countering inside media organizations and there was dire need of proper training to those involved in this business.

Fawad Hussain said that a responsible media could be called an independent media.

He said that a section of media, especially in social media, was thriving on fake news and they wanted there should not be any restriction on fake news and baseless propaganda.

The minister said that the United States, United Kingdom and European Union had introduced online security rules and there was a need to move towards this direction

He said that recently fake news was uploaded on social media claiming that in Pandora Papers leaks it was disclosed that the son of a Pakistani politician whose family had a history of money laundering and fake bank accounts, owned offshore companies.

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