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[ad_1] The federal government has decided to increase the price of petrol by Rs10 per litre for the next 15 days, Finance Minister Ishaq Dar announced Saturday. In a statement, the Finance Division said the rationale behind a hike in the price of petroleum products was the "increase in petroleum prices in the international market and exchange rate variation". Petrol's price has been increased to Rs282 per litre, while high-speed diesel and light diesel oil rates will remain stable at Rs293 per litre and Rs174.68 per litre, respectively, the statement from the Finance Division read. However, an increase of Rs5.78 per litre has been made to the price of kerosene oil, moving it from Rs180.28 per litre to Rs186.07 per litre. [ad_2] Source link https://worldnews2023.com/business/petrol-price-increased-by-rs10-per-litre-for-next-fortnight-such-tv/?feed_id=306652&_unique_id=666eff5f1fdb2

[ad_1] Nirmala Sitharaman talked about the facilities the government wants to extend to the poor. (File) Washington: India's focus is going to be on skilling and digitisation so that there's greater ease of living, transparency and formalisation of the economy, Union Finance Minister Nirmala Sitharaman has said, observing that the country is reaching near saturation in providing the basic facilities to the people. Speaking at a fireside chat at the Peterson Institute for International Economic think-tank on Monday, Nirmala Sitharaman said the approach of the government is to empower the poor people with at least the basic amenities. "We are reaching near saturation in providing the basic facilities in India," she said. She noted that the discussions earlier used to be on poverty alleviation. "Have we removed these many numbers of people from poverty and lifted them out," she said. Nirmala Sitharaman talked about the facilities the Indian government is w

[ad_1] Finance Minister Ishaq Dar said on Thursday that Pakistan’s negotiations with the International Monetary Fund (IMF) related to the completion of the ninth review of a $7 billion loan programme were near conclusion and the staff-level agreement with the global lender will be signed by next week. The government is in a race against time to implement measures to reach an agreement with the IMF as the country has reserves barely enough for three weeks of essential imports, while hotly contested elections are due by November. In a series of tweets today, the finance czar rubbished rumours regarding Pakistan defaulting. “Anti-Pakistan elements are spreading malicious rumours that Pakistan may default. This is not only completely false but also belies the facts,” he said. Dar said that the State Bank of Pakistan’s (SBP) forex reserves had been increasing and were almost near $1 billion, “higher than four weeks ago despite making all external due payments on time”. “Foreign

[ad_1] Finance Minister Ishaq Dar Friday reiterated his commitment to transparency and accountability in financial matters, particularly concerning the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF). During his address to the National Assembly session, the minister said: “Any important developments in the country should be presented in the assembly”. “I will bring the documents of the IMF agreement in this House as the Finance Minister,” Dar asserted, assuring the lawmakers and the public that he would make the necessary documents available for scrutiny and review. Regarding the Letter of Intent, Dar revealed that it had been signed on June 30. He asserted that the MEFP (Memorandum of Economic and Financial Policies) and PFP (Policy Framework Paper) were attached to the Letter of Intent. He announced his intention to keep one copy of the three documents associated with the agreement in the assembly library, making them accessible to all m

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[ad_1] Finance Minister Ishaq Dar announced on Friday that the petrol prices will remain the same but the diesel prices have been increased by Rs7.50 for the next fortnight. Finance Minister Ishaq Dar shared the upgraded rates of petroleum products in a video statement. In an effort to minimize the burden on the public, the finance minister stated that the price of petrol will remain unchanged, ensuring stability in its cost. Dar went on to say that the decision to adjust the prices was reached after consultations with the prime minister, taking into consideration the recommendations put forth by Oil and Gas Regulatory Authority (Ogra) to keep the prices as low as possible. He said, “These revised prices will come into effect from midnight tonight and will be applicable for the next 15-day period.” It is worth noting that the Ogra had submitted the proposed petroleum product prices for the next fortnight to the Ministry of Finance. The government’s intention to provide rel