Updated on
Summary
US Secretary of State Hillary Clinton, who has pushed Pakistan hard to improve its fiscal management, said on Thursday that Islamabad's decision to reverse an unpopular fuel price increase was a mistake.We have made it clear, as I did in a meeting with their ambassador, that we think it is a mistake to reverse the progress that was being made to provide a stronger economic base for Pakistan and we will continue to express that opinion, Clinton told reporters during a press conference. The United States called the decision a mistake and the International Monetary Fund, which has an $11 billion loan program with the nuclear armed nation that depends partly on it making painful economic reforms, also voiced misgivings. The rollback of the 9 percent price increase, which took effect on Friday, was one of several demands made of Gilani's Pakistan People's Party by former Prime Minister Nawaz Sharif's Pakistan Muslim League (PML-N).
