Informed sources said the prices of petrol and HSD had increased in the international market by about $4.4 and $5.5 per barrel, respectively, in the last fortnight
Read MorePetrol, diesel prices likely to rise by Rs8 for next fortnight
Category: Highlights
Sindh govt orders relocation of LPG filling shops away from crowded residential areas
The provincial Home Department has issued these directives to secure the lives of the residents of the areas where LPG cylinder filling service has been continuing in a hazardous manner in total disregard for the safety guidelines of the government for the purpose.
Read MoreMaster Motor Corporation and Yutong Bus Company signed an MoU
The venture, Yutong Master, will create a greenfield plant, becoming the first company to produce city buses locally. Yutong’s hybrid and electric New Energy City Buses will enhance public transport, aligning with government infrastructure goals.
Read MorePM Shehbaz confirms IMF role in budget prep
ISLAMABAD: Prime Minister Shehbaz Sharif confirmed on Tuesday that the federal budget for next year was prepared in collaboration with the International Monetary Fund (IMF). His remarks came as Finance Minister Muhammad Aurangzeb announced significant amendments to the proposed finance bill for 2024-25.“We had to prepare the budget jointly with the IMF” because of the prevailing circumstances and ground realities, the prime minister said in the National Assembly when he took the floor briefly to respond to some points raised by a PTI member regarding the prevailing sense of deprivation in south Punjab, taxes…
Read MoreGas Tariff to Rise for Captive Power Plants from July 1
ISLAMABAD: The government has decided against reducing gas prices from July 1, 2024, despite the Oil and Gas Regulatory Authority’s (OGRA) recommendation to lower them by 10% for the next fiscal year. Instead, gas prices for captive power plants (CPPs) will increase by Rs250 per mmBtu to Rs3000 per mmBtu from the current Rs2750 per mmBtu, aligning with International Monetary Fund (IMF) directives. “For all other categories, the government has opted to maintain current gas prices,” said senior Energy Ministry officials. This decision is expected to generate Rs110-115 billion in…
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