February 15, 2023 - Energy Update

Mini Budget 2023

February 15, 2023March 26, 2023 Admin

Pakistan is set to announce a mini budget to generate about Rs200 billion additional revenue to meet IMF Conditionalities. The mini budget will be placed before and approved by parliament ahead of IMF final talks on 16.02.2023.The government is taking harsh taxation measures on the demand of the IMF to general more revenue for lower the fiscal deficit.Sources in FBR on 14.02.2023, said that the changes many be applicable from 15.02.2023, after cabinet approval. They said that through the new amendments the government had aimed to generate another Rs.200 billion.The…

Petrol, diesel prices may surge by over Rs32/litre

February 15, 2023May 20, 2024 Admin

ISLAMABAD: Prices of petroleum, oil and lubricants could surge by over Rs32/liter from tomorrow (February 16) mainly on account of the US dollar exchange rate that now stands at Rs271.82. Though free on board Platt prices have fallen considerably as compared to last fortnight’s pricing. Petroleum, oil and lubricants prices were closed at US dollar/Rs236.40 which stands at at 271.82 for the next fortnight. According to the official and industrial sources, Mogas price would likely go up 12.8 percent/litre or by Rs32.07 to stand at Rs281.87 from Rs281.87/litre. Similarly, the…