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[ad_1] ISLAMABAD: Owing to the increase in oil prices in the international market and depreciation of the Pakistani rupee, the federal government on Wednesday raised the price of petrol by Rs5 per litre effective immediately. “In the last fortnight, Platts Singapore prices registered an increase. This along with a depreciation of Pak Rupee has resulted in an increase of POL products in Pakistan,” the finance ministry said a press statement. According to the ministry, petrol will now be available at Rs272 per litre, as compared to its previous price of Rs267 per litre. Likewise, the government enhanced high-speed diesel (HSD) prices by Rs13, from Rs280 per litre to Rs293 per litre. Read more: Petrol price slashed by Rs5 per litre The prices of kerosene oil have been increased by Rs2.56, from Rs187.73 per litre to Rs190.29 per litre. However, the prices of light diesel oil have been kept unchanged at Rs184.68 per litre. On February 28, the government had reduced the price of...

[ad_1] NEW DELHI: Finance minister Nirmala Sitharaman on Saturday said GST implementation has brought relief to the common citizens and helped raise revenues of the Centre and the states as her ministry reported that gross GST revenues in June rose 12% to Rs 1.6 lakh crore. Data released by the finance ministry showed that gross GST revenues crossed the Rs 1.6 lakh crore mark for the fourth time since the implementation of the tax reform on July 1, 2017. Collections have been Rs 1.4 lakh crore for 16 months in a row and Rs 1.5 lakh crore for the seventh time since the rollout. The average monthly gross GST collection for the first quarter of financial year 2021-22, FY 22-23 and FY 23-24 are Rs 1.1 lakh crore, Rs 1.5 lakh crore and Rs. 1.7 lakh crore, respectively, according to a finance ministry statement. At the GST Day function, Sitharaman said, "Now the collections have improved. The new normal is being talked about. If only the fake invoices and the fraudulent claims,...