Petroleum

Huge increase in the Petrol & Diesel prices announced

On Sunday, Jan 29, 2023 at 10:50 am, Ishaq Dar came on national television to make some announcement. These announcement included the increase in fuel prices, including both the prices of diesel and the petrol. To be exact, prices of both were increased by Rs. 35 per litre. Also the new prices of petrol, diesel and all other petroleum products gone into effect just 10 minutes after the announcement at 11:00 am. The new, increased prices of these petroleum products are as follows. Petroleum Product New Price Petrol Rs. 249.80 High Speed Diesel Rs. 262.80 Light Diesel Oil Rs. 187 Kerosene Oil Rs. 198.83 The current increase in petroleum prices are to meet the one of the demands of International […]

Economy

PSX goes up by 1062 points in a day after dollar price cap removal

Currently Pakistan is in talks with International Monetary Fund (IMF) for continuation and revival of a previously on going bail out loan program. However, for this time IMF had about four conditions for Pakistan to meet, before the loan program go further. As the Pakistan’s economy is not doing well and foreign reserves are dropping, so Pakistani government had recently decided to accept the conditions of IMF. Along with increasing the gas & electricity prices and increasing taxes, one of IMF condition demanded Pakistan to not control the Rupee and US Dollar exchange rate artificially. As US Dollar was artificially being kept below 225 in interbank and open markets while in black market it was being sold as high as […]

Politics

Two days physical remand of Fawad Chaudhry approved

Recently, Fawad Chaudhry, a Pakistani politician belonging to Pakistan Tehreek-e-Insaf, was arrested by the current PDM led government. He was arrested in Lahore, his brother told media that on time of arrest no warrants were shown. Later a Lahore’s court had asked Punjab police to bring him in court but he was brought to Islamabad by Islamabad police and he was brought to a court in Islamabad. According to Islamabad police he was arrested after his public comments about a constitutional institution Election Commission of Pakistan (ECP). Later on, Islamabad police asked court to grant them eight days physical remand of Fawad Chaudhry. However, the court granted two days physical remand of Fawad Chaudhry while he is in custody of […]

Incidents

Registration of the Scarsdale School Lahore suspended over bullying incident

Recently a bullying and beating incident have been spreading like fire on social media, where few girls getting together and bullying & beating their fellow student at Scarsdale International School, Lahore. After the incident widely spread over the social media, government took the notice of the incident. Specially, Deputy Commissioner Lahore (DC Lahore) had recent arranged a meeting with all the concerned stakeholders, including parents and school. Deputy Commission Lahore revealed this in his tweets, in which he told that on the recommendation of Education Authority Lahore he heard all the concerned parties. He also suspended the registration of Scarsdale International School, Lahore, until further notice. He added to make sure the suspension, CPO Education Lahore have been instructed. Also, […]

Automobile

Suzuki Pakistan car prices increased in the Jan 2023

Pak Suzuki have increased its car prices in Jan 2023. This have happened after recently Toyota Pakistan and Honda Pakistan have increased their car prices recently. Pakistan auto industry is facing many challenges. These all are due to the impact of pressures through which Pakistan’s economy and currency going through right now. The new prices of Suzuki vehicles will be effective from Jan 25, 2023 in Pakistan. The new prices and the increase details are as follows. Car Make & Model New Price Old Price Difference Suzuki Alto VX 1,859,000 1,699,000 160,000 Suzuki Alto VXR 2,156,000 1,976,000 180,000 Suzuki Alto VXR AGS 2,310,000 2,120,000 190,000 Suzuki Alto VXL AGS 2,423,000 2,223,000 200,000 Suzuki Wagon R VXR 2,629,000 2,421,000 208,000 Suzuki […]