ISLAMABAD: The US has raised objections on the Pakistani government’s decision to withdraw increase in petroleum products prices. US Secretary of State Hillary Clinton says it was a “mistake” for Pakistan to reverse fuel price increase. State Department spokesman Mark Toner said the US did not consider it a wise decision. Increase in prices was vital for Pakistan’s financial stability, he added. The IMF also criticised the decision. “They’re inefficient and untargeted so that the bulk of the benefit from the energy subsidy goes to higher income individuals and large companies,” IMF spokeswoman Caroline Atkinson said from Washington. agencies
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