China has been promoting the use of yuan for settling trades in various commodities, including oil and natural gas. This move is part of China’s broader efforts to increase its global economic influence and reduce its dependence on the US dollar.
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The Public Accounts Committee (PAC) has prescribed finishing free power office to all administration officials and workers from Grade 16-22. PAC Administrator Noor Alam Khan said that they were remaining before the IMF and, thusly, free power should be finished.
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Following a decrease in global raw petroleum costs, the paces of oil based commodities in Pakistan are supposed to decline from April 1, As indicated by appraisals of oil showcasing organizations (OMCs), the cost of diesel is probably going to decline by Rs15-20 for every liter while the cost of petroleum is supposed to go somewhere around Rs4-5 for each liter.
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The senseless cross-fuel enrichment proposed by the oil administration has given motivation to the IMF to concede the staff-level simultaneousness with Pakistan.
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The OCAC in its letter to the state serve for Oil Division raised warnings about the shocking monetary circumstance of the oil business. “Keeping up with the 20-day stock cover for engine energizes probably won’t be feasible for the business with the ongoing acquiring rate and the expense of the items,” it said. All the more significantly, the high credit letter affirmation charges followed by high demurrage costs have duplicated the monetary agonies making the business unfit to work.
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