“The IMF has asked for 100% withdrawal of subsidy on POL products. Once the subsidy is over, the government will have to impose taxes and petroleum levy,” Miftah said, adding there is still a subsidy of Rs9.32 per litre on petrol and Rs23.05 per litre on diesel.
Latest Updates
The International Atomic Energy Agency (IAEA) has said that North Korean moves to expand key facilities at its main nuclear site at Yongbyon continue to advance.
Boris Johnson’s 211-to-148 victory in the House of Commons was worse than that of his predecessor Theresa May, who won the vote but was forced out six months later.
The cabinet could not make any decision pertaining to closure of commercial markets by 7pm to save energy.
Russian Foreign Minister Sergei Lavrov told reporters that “things in the West are plainly rather terrible” if his trip to Serbia is seen as a threat on a global scale by the West.
New government, comprising multiple parties alliance, appears indifferent to the dollar’s dredging of rupee value. Despite ban on non-essential and luxury items import, consistent depreciation of rupee value against dollar and other major currencies has shocked everyone in the country
Talking to media persons ahead of her tour, the foreign minister maintained that Pakistan has been affected more than any other country by the impact of the crisis in Afghanistan.
“The prime minister will at some point announce austerity measures to save government expenditures. After two increases in petrol prices, we are out of the financial crisis”, the finance minister said in a tweet to reassure the markets.