Skip to main content

General Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the IMFin order to help stabilize Pakistan's shrinking economy.

  The Chief of Army Staff, General Qamar Javed Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the International Monetary Fund in order to help stabilize Pakistan's shrinking economy. Deputy Secretary of State Wendy Sherman, according to security sources, spoke with the army chief earlier this week. It is stated that the army chief made a plea to the White House and Treasury Department to get the IMF to immediately supply the almost $1.2 billion that the country is slated to receive under a reopened loan program. "Staff-level approval" for the loan was granted by the International Monetary Fund (IMF) on July 13. IMF Executive Board clearance is required before the transaction can be completed as part of Pakistan's $6 billion Extended Fund Facility. The International Monetary Fund (IMF) will be on vacation for the next three weeks, and its board will not meet until late August at the earliest. According to an IMF official wh...
Post a Comment

After talks with the government, petroleum dealers call off their nationwide strike.

After talks with the government, petroleum dealers call off their nationwide strike


After successful negotiations with the government, the Pakistan Petroleum Dealers Association (PPDA) called off a nationwide gasoline station closure on Sunday in protest of their inability to boost their profit margins.

According to reports, the government has decided to raise petroleum dealers' profit margins to Rs. 7 per liter on both petrol and high-speed diesel.

According to the PPDA, the government has agreed to notify petroleum dealers of increased profit margins beginning August 1, 2022.

Petroleum dealers' profit margin on petrol is currently Rs. 4.90 per liter, while the profit margin on high-speed diesel is Rs. 4.13 per liter.

In response to the low profit margins, the PPDA threatened a nationwide shutdown of petrol stations on July 18 (Monday). The association had requested a 6% increase in its profit margin.

According to the PPDA, the previous administration boosted the profit margin somewhat and promised another rise by June 30, bringing the margins to 6%. However, the existing government failed to follow through on the previous administration's pledge, prompting dealers to call for a nationwide closure.

 

Comments

Post a Comment

Popular posts from this blog

Karachi suffers greatly during the EID due to heavy rain.

  Since previous night, there has been a lot of rain in several areas of Karachi. According to the most recent reports, a low-pressure system over the Arabian Sea will likely cause the city to see sporadic light to moderate rain throughout the day. Heavy rains once more exposed the city's drainage infrastructure and the Sindh government's claims on its rain emergency measures, causing several major highways and streets to totally flood. City drainage systems completely collapse once more, severely affecting major areas including Defence, Clifton, Share-e-Faisa, Gulsha-e-Iqbal, Gulistan-e-Johar to Nazimambad, New Karachi, and Surjani. Citizens are being urged not to leave their homes because of urban flooding in Karachi as a result of recent heavy downpours. Be careful, everyone.
Post a Comment
Read more

Arshad Sharif, Senior Journalist, disclosed ISPR audit data, which revealed that ISPR spent Rs 12.3 million on a 5-minute inspirational song.

Arshad Sharif Senior Journalist published ISPR audit data, which indicated that ISPR spent Rs 12.3 million on a 5-minute motivating song. Arshad Sharif, a prominent journalist, disclosed the records of an ISPR audit, which indicated that ISPR spent Rs 12.3 million on a 5-minute motivating song. The budget included 22 distinct items, namely the payment of a scriptwriter, the hire of an editing machine, the hiring of graphic and animation artists, the rental of equipment, and other production-related expenses. "This Ministry of Defense subsidiary, which spends billions of rupees yearly, should undergo a complete audit to determine who benefitted from songs, plays, and films - how many billions of rupees were spent on playing songs from public funds?" Arshad Sharif tweeted
Post a Comment
Read more