Islamabad, Sep 1: The Oil and Gas Regulatory Authority (OGRA) has come under fire from the Oil Companies Advisory Council (OCAC) for continuously authorizing new imports of high-speed diesel (HSD) in spite of the nation’s already excessive stock levels. The agricultural season and the impending maintenance outage of Pakistan’s largest refinery are among the baseless and careless arguments put up by OGRA, according to a recent statement from OCAC. Refinery maintenance schedules, according to the Council, are carefully planned, and stock levels are carefully considered to ensure that supply needs are met during shutdowns. Nevertheless, given that the nation has…
Author: Mawadat Fatima
Islamabad, Sep 1: Punjab Chief Minister Maryam Nawaz Sharif has pledged to provide low-income households their own home. Founder and Chairman of Akhuwat Dr. Amjad Saqib called on Punjab CM Maryam Nawaz. CM Maryam commended the social services of Akhuwat under the leadership of Dr. Amjad Saqib. Dr. Saqib lauded the Punjab CM’s efforts in providing relief in electricity bills and the “Apni Chhat, Apna Ghar” program. Maryam Nawaz declared that the goal of the administration was to enable low-income households throughout the province to realize their ambition of owning a property. The ‘Apni Chhat, Apna Ghar’ program, she said,…
Islamabad, Sep 1: For September 2024, the price of 11.8-kilogram domestic cylinders would increase by Rs. 82.5 due to an increase in the price of domestic liquefied petroleum gas (LPG) by the Oil and Gas Regulatory Authority (OGRA) of Rs. 6.99 per kg. The regulator said on Saturday that the consumer price of LPG for September will be Rs. 243.99 per kg. Customers will pay Rs. 2,879.1 for an 11.8-kilogram residential cylinder in September 2024 as opposed to Rs. 2,796.5 in August. It is important to note that Saudi Aramco-CP and the US dollar exchange rate have an impact on…
Islamabad, Sep 1: Bangladesh started the third day of the Test match between Pakistan and Bangladesh trailing behind Pakistan’s 274 points from the first innings. Bangladesh struggled to establish a solid base against a disciplined Pakistani bowling attack early in their innings. After 11 overs, Bangladesh is 27/6 with Mehidy Hasan Miraz and Litton Das at the crease. The bowlers from Pakistan have been unrelenting, and Bangladesh’s batting order is struggling significantly. Bangladesh’s surviving batters have an extremely difficult task ahead of them after losing four wickets already. As the day wears on, all eyes will be on Bangladesh’s middle…
Islamabad, Sep 1: According to an advice released by the National Disaster Management Authority (NDMA), monsoon rains will persist throughout Pakistan from September 2 to September 5. The authorities have issued warnings about urban and low-lying areas flooding. The monsoon rain system is predicted to impact several areas during this time, with moderate rainfall most likely in northeastern Punjab, according to the National Emergencies Operations Centre. In Pothohar, Lahore, Faisalabad, Gujranwala, Rawalpindi, and Islamabad, there will likely be light rain. Light to heavy rainfall is possible in Khyber Pakhtunkhwa, especially in the Malakand and Hazara divisions; Balochistani areas, such as…
Islamabad, Sep 1: With the government slashing the price of petroleum for the next two weeks, Prime Minister Shehbaz Sharif on Saturday provided respite to the citizens. The price reductions of Rs1.86 and Rs3.32, respectively, for gasoline and high-speed diesel (HSD) have been approved by the federal government. The price reduction was implemented in accordance with the global market’s declining trend. The notification stated that the revised prices would take effect on September 1. The cost of a litre of gasoline has dropped from Rs260.96 to Rs259.10. In the meantime, the government has lowered the cost of high-speed diesel (HSD)…
Islamabad, Aug 31: Five significant Pakistani banks had their ratings raised by international rating agency Moody’s on Saturday due to the nation’s improving economic circumstances. The five banks’ long-term deposit ratings have been raised from Caa3 to Caa2. Habib Bank Limited, United Bank Limited, Allied Bank Limited, National Bank of Pakistan, and MCB Bank Limited are among the banks. Additionally, Moody’s upgraded the stable to positive outlook for each of the five banks. The move follows a downgrade of Pakistan’s credit rating from CAA3 to CAA2, along with a change in the outlook from stable to positive, by Moody’s. The…
Islamabad, Aug 31: Plans to decrease the number of low-wage temporary foreign workers and permanent residents admitted to Canada were revealed by Prime Minister Justin Trudeau. During the second day of a cabinet retreat aimed at determining the government’s autumn agenda, the announcement was made on Monday. This choice was made at a time when Canada’s population is expanding quickly, putting a burden on public services like healthcare and housing, according to experts. Federal figures show that immigration accounted for 97% of Canada’s population growth in the previous year. Trudeau and his administration have come under fire for raising immigration…
Islamabad, Aug 31: In light of the unprecedented revenue shortfall that occurred in August 2024, the Federal Board of Revenue (FBR) Chairman has made the decision to assess each Inland Revenue Commissioner’s performance using tax collection statistics from July and August. According to sources, FBR ordered all Chief Commissioners IR on Saturday to submit commissioner-specific income performance information for August 2024. The FBR has requested targets for July 2023 and 2024 to be allocated to each field office in addition to net collection. In a similar vein, statistics about net collection and targets assigned for August 2023 and 2024 must…
Islamabad, Aug 31: A few years back, a middle-class person might afford to buy a brand-new, high-end two-wheeler like a GS-150, CB 150, or GR 150. But in just a year or two, with the fast increase in bike prices and the uneven inflation surge, this has been harder and harder. In the present day, diminishing sales have compelled regional producers to introduce several alluring offers in an attempt to entice clients. Pakistan Suzuki Motor Company (PSMC) has now debuted a 0% markup offer for its GS-150 model, after large markdowns on its auto models. The business just announced on…