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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...
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The government has agreed to decided to boost profit margin for gasoline retailers per liter by Rs7

The government has decided to increase the profit margin per liter of gasoline merchants by Rs7.


The Pakistan Petroleum Dealers Association's (PPDA) request for the Ministry of Petroleum to boost their profit margin on petroleum products has been granted.

The choice was made during the meeting between the government and PPDA leaders.

The government has decided to add Rs. 3.75 to the per-liter profit margin for fuel merchants.

At the now, the dealers receive Rs. 4 for each liter of gasoline they sell. The profit margin for diesel is fixed at Rs3.75/liter.

The store will now receive Rs. 7 for every liter of petrol they sell after the hike. The PPDA requested an increase of Rs. 6 per liter.

The federal cabinet will be presented with the proposal to raise the profit margin for final approval.

The PPDA had already declared a countrywide strike beginning on Monday in order to obtain an increase in their share.

he representative of the petroleum dealers met with Musadik Masood Malik, the chairman of Ogra, and Shahid Khaqan Abbasi, the former prime minister, on Saturday.

The negotiations were fruitless, though.

Retailers of gasoline seek a Rs. 6 per liter boost in their profits.

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