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High petrol prices

The government has increased the price of petrol for the second time this month. A litre of petrol is now being sold at an all-time historic price of Rs127.30. Yet, the government claims that petrol prices are the lowest in

Govt absorbs high petrol prices to provide relief: Shaukat Tarin

ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin said the increase in petroleum prices is caused by higher oil prices in international market and the government passed on minimum increase in prices to consumers. Talking to media along with Minister

Petrol prices increased due to rise in global oil market: Hammad Azhar

ISLAMABAD: Federal Minister for Energy Hamad Azhar has said that the prices of petrol products in Pakistan are still lower than in most countries. In a message on Twitter last night, Energy Minister Hamad Azhar said that raising the prices

Petrol prices expected to rise by Rs5.25 per litre

ISLAMABAD: The price of petrol is expected to increase by Rs5.25 per litre from October 1. According to reports, Oil and Gas Regulatory Authority (OGRA) has sent a proposal to the Finance Division recommending an increase in the price of

Rising food prices

The government has increased the price of petrol by Rs5.40 per litre, reaching the highest level in the history of the country. The claims of providing relief to the masses will be pushed aside as the prices of essential commodities

Petrol prices increased by Rs2 per litre

ISLAMABAD: The price of petrol will increase by Rs2 per litre starting July 1 (tomorrow) across the country. This was stated by Special Assistant to Prime Minister of Pakistan on Political Communication Shahbaz Gill. He said that the Oil and

Bitcoin prices plunge as China launches crackdown on cryptocurrency

SAN FRANCISCO: Bitcoin’s value plunged on Wednesday after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter. The virtual currency fell to almost $30,000 — less than

LPG price increases by Rs1.84 per kilogramme

ISLAMABAD: The price of Liquefied Petroleum Gas (LPG) has been increased by Rs1.84 per kilogramme across the country. According to a notification, the price of LPG will now be available for Rs159.74 per kilogramme. Consequently, the price of a 11.8

OGRA recommends massive hike of Rs20 in petroleum products

ISLAMABAD: The Oil and Gas Regulatory Agreement (OGRA) has once again recommended a massive hike of up to Rs20 per litre in the price of petroleum products from March 1. According to a summary sent to the Prime Minister’s Office,

Sindh govt increases wheat support price to Rs2000 per 40 kg

KARACHI: The government of Sindh on Thursday increased the minimum wheat procurement price to 2,000 rupees per 40 kilogrammes. A meeting of the Sindh cabinet chaired by Chief Minister Murad Ali Shah decided to increase the support price in order

Global oil prices decline as China’s economic data disappoints

SINGAPORE: Oil prices fell on Monday after reports that China’s third-quarter economic growth did not rise as much as expected, underscoring concerns that surging coronavirus cases globally are impacting demand in the world’s largest oil importer. The world’s second-largest economy

Sindh govt notifies wheat price at Rs 3687.50 per 100 kg

KARACHI: The Sindh government has notified that wheat from stocks will be released at a price of Rs 3687.50 per 100 kilograms. According to the government notification, the wheat will be released to flour mills and Chakkis from government stocks

Food price hike

The federal government has failed to check the prices of essential commodities and its mandate is limited to merely finding the reasons for the surge in prices and urging provinces to control inflation. After witnessing a double-digit increase in prices

Petrol prices to remain steady till Oct 15

ISLAMABAD: The government on Wednesday decided to maintain the price of petrol for the next fifteen days.  Oil and Gas Regulatory Authority (OGRA) has recommended reducing the petrol prices in the country from October 1-15. The price of diesel has

ECC approves increase in power tariff for K-Electric consumers

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet on Wednesday approved an increase of up to Rs1.09 per unit in the tariff for K-Electric on account of quarterly adjustments. The ECC meeting chaired by Adviser to the Prime

Mulan to release on Disney+ for premium price

LOS ANGELES: The Walt Disney Co. said live-action blockbuster ‘Mulan’ will be no longer headed for a major theatrical release and will debut in subscription streaming service Disney+ on 4th September. This comes with a catch as customers will have

Petrol price hike

The government has imposed a massive hike in petroleum prices with immediate effect. The historic increase of 33 percent is unprecedented and shows the government’s incompetence and surrender in front of the mafias and cartels that rule the country. The

Is the oil price hike result of an incompetent government?

Prime Minister Imran Khan has approved a summary of recommendations to hike up the prices of petroleum products. The news came and went into effect overnight without giving people the chance to even react and sent shockwaves through the economy.

Hike in petroleum prices challenged in LHC

LAHORE: The fresh hike in prices of petroleum products has been challenged in the Lahore High Court (LHC) on Saturday over claims that the requisite procedure was not followed. The petition, filed by advocate Muneer Ahmed, stated that the increase

Jahangir Tareen rejects allegations in sugar inquiry report

ISLAMABAD: Pakistan Tehreek-i-Insaf leader Jahangir Khan Tareen has rejected the sugar inquiry commission’s report and said that he will prove all allegations against him are false. The PTI stalwart said that he was shocked at the kind of false allegations

Oil price glut

The global economy is reeling from the effects of the coronavirus pandemic. For the first time in history, the price of US crude oil turned negative as demand wiped out amid a shortage glut and a plunging economy. The West

US oil prices drop to 21-year low over declining demand

NEW YORK: The price of oil collapsed to more than two-decade low on Monday, falling to a level not seen since 1999, as demand dries up and storage runs out. The price of a barrel of West Texas Intermediate (WTI),

Petrol prices slashed by Rs5 per litre for March

ISLAMABAD: The government slashed the price of petrol by Rs5 per litre on Saturday as oil prices declined in the international market. According to the Ministry of Finance, petrol will now be sold for Rs111.60 per litre. The price of

Rising Hajj costs

Hajj is one of the five pillars of Islam and is obligatory upon every Muslim once in a lifetime who can afford the holy pilgrimage. However, the ever increasing cost of Hajj is depriving people from the opportunity to perform

Sindh Govt fails to implement wheat flour sale on fixed price

KARACHI: Despite the Sindh Government’s instructions to sell the wheat flour at a fixed rate of Rs 43 per kilogram have become a farce with non-compliance of the directions in the city. The Sindh government has set the wheat flour

Rising flour prices

Flour is the most basic staple commodity which even the poorest segment of society consumes for a basic meal. The sudden soaring rise in flour prices across the country is a serious cause for concern as it will affect the

Pharmaceutical prices

The government has reduced the prices of 89 essential and life-saving medicines with immediate effect. This may offer temporary relief but the move is mere eyewash for the public reeling under the burden of a hike in prices of pharmaceutical

Petrol price hiked by Rs2.61 per litre on New Year Eve

ISLAMABAD: The government has approved a summary by the Oil and Gas Regulatory Authority (OGRA) hiking the prices of petroleum products by up to Rs3.2 with effect from January 1, 2020. The reguatory authority had proposed a maximum rise of

Bangladesh imports onions on urgent basis as prices soar

DHAKA: Bangladesh has imported onions by air on an urgent basis as the price of the vegetable soared to record highs. The price of onions has increased results since neighboring India banned exports in September after heavy monsoon rains reduced

ECC raises minimum support price for wheat to Rs1350 per 40kg

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet has increased the minimum support price of wheat from the current Rs1300 to Rs1350 per forty kilograms to safeguard the interests of the growers and ensure food security for the masses.