Islamabad: Finance Minister Miftah Ismail Monday ruled out the option of a financial emergency in the country after the government took steps to rectify the ongoing economic upheaval. The finance minister added that Prime Minister Shehbaz Sharif would at some point announce austerity measures to save government expenditure. To bring economic stability and revive the stalled multi-billion dollars International Monetary Fund (IMF) program, the govt had to increase the price of petrol by a whopping Rs60 per litre.
