Even though prices for petroleum products and crude oil have been pretty stable, petrol and diesel prices may go up…
Economy
Some restrictions will remain in place on the import of cars built-up automobiles, cellphones, and home appliances.
Under the deal with the IMF, the government had already levied Rs10 per litre levy on petrol from July. It will be raised by another Rs10 on August 1 until it reaches Rs50 per litre. Miftah’s statement sets aside speculations that the government was not increasing taxes from August due to political crisis.
The company further stated that mark-up shall be paid from the date of receipt of payment by the Company to the date of cancellation of the order, without any deduction of administrative charges.
ISLAMABAD: The current account deficit (CAD) of Pakistan has surged to $17.4 billion in FY2021-22. The State Bank of Pakistan…
On Tuesday, Prime Minister Shahbaz Sharif said he was worried that there hadn’t been enough planning over the past four…
The board of executive of the IMF has expected to meet in the third week of August to consider loan approval for Pakistan and by that time the US dollar might extend its value around 270 rupees.
According to Miftah Ismail, pressure on rupees will vanish very soon. In a one-on-one conversation with Mosharraf Zaidi, CEO of…