Author: K. Shahzad

Petroleum

Petrol and Diesel Prices Reduced for the Second Fortnight of July 2023

Govt of Pakistan have announced new prices of Petrol, diesel and other petroleum products in Pakistan. The prices of petrol and diesel have been reduced to give the relief to people. Also, as elections are near, so in these days, it is in favour of govt to decrease the prices of petroleum products to the maximum extent possible. Anyways, the details of old and new prices of petroleum products as per new announcement are as follows. Petroleum Product Old Price New Price Change in Price Petrol (MS) 262.00 253.00 -9.00 High Speed Diesel (HSD) 260.50 253.50 -7.00 The new prices are applicable for the second fortnight of July 2023. Which is valid from July 16, 2023 to July 31, 2023 […]

Economy

IMF agrees to lend Pakistan $3 billion in a staff level agreement

Pakistan have reached an understanding with International Monetary Fund (IMF) in a staff level agreement. In the agreement it have been agreed that IMF will lend Pakistan with the remaining $3 billion USD in three upcoming installments. This is part of IMF bailout plan and related agreement which was reached in 2019. IMF have already payed Pakistan $6 billion USD, however, disbursement of remaining $3 billion were delayed due to disagreement between IMF and Govt of Pakistan on certain terms of the bailout plan. Now according to the latest news, IMF have agreed to resume the disbursement of funds to govt of Pakistan. However, as this have been decided in a staff level agreement, a confirmation and approval from the […]

Politics

Chaudhry Pervez Elahi to be produced in a Lahore Court today

Pakistan Tehreek-e-Insaf (PTI) President Chaudhry Pervez Elahi was arrested few days back on corruption charges. He was earlier produced in courts in Gujranwala. However, the courts had immediately freed him, as there were no proper evidence against him. But as soon as he got freed, he was again arrested by the anti corruption officials in a case regarding fake appointments. He is brought to Lahore this time and will be presented in the court of Magistrate today. Officials have been trying to get physical remand of Chaudhry Pervez Elahi earlier, however, that had not been possible. Probably, same will be attempted today. These re-arrests are normal thing for all the political leaders of Pakistan, who still standby the PTI yet. […]

Petroleum

Petroleum Prices announced for first fortnight of June 2023

Pakistani govt reviews and announces new prices of regulated petroleum products every fifteen days. Once on start of month and once in the mid of each month. These regulated petroleum products are Petrol, Light Diesel Oil, High Speed Diesel and Kerosene oil. As Usual, on start of June 2023, Govt of Pakistan have announced the new petroleum prices. This time, the prices of petrol and diesel were reduced while the price of Kerosene oil remained unchanged. Again, the finance minister, Ishaq Dar, appeared on TV himself and announced the new prices of petrol and diesel for the month of June 2023. The details of old prices, new prices and difference between the old and new prices of petroleum product is […]

Automobile

PakWheels Karachi Car Mela for June 2023 date and venue

Earlier PakWheels Karachi Car mela was scheduled to be held in May 2023, however, due to the prevailing political situation in the country, it was postponed. Now, PakWheels have again announced new date and venue for Karachi Car Mela. Now the Karachi Car Mela will be held in June 2023. To be exact, now, Karachi Car Mela for 2023 will be held on Sunday, June 4, 2023, from 11:00 am to 07:00 pm at Expo Center Main University Road, Block 15 Gulshan-e-Iqbal, Karachi in the Hall #5. PakWheels Car Mela is an event, where people get together to buy and sell cars. The sellers have to register their cars with PakWheels for the event, so that they can be parked […]