Petroleum

Petroleum prices decreased in Pakistan wef Oct 1, 2022

As the new month of October 2022 starts, Govt of Pakistan also got active and decided to pass on some benefit of reduction in global oil prices to the people of Pakistan. So following are the new prices of Petrol, Diesel and Kerosene oil. Petroleum Product New Price (Rs) Old Price (Rs) Difference (Rs) Petrol 224.80 237.43 -12.63 High Speed Diesel 235.30 247.43 -12.13 Kerosene Oil 191.83 202.02 -10.19 Light Diesel Oil 186.50 197.28 -10.78 New Petroleum Prices Effective From 1st Oct, 2022 People of Pakistan were eagerly waiting and expecting reduction in petroleum prices after the reduction in price of global Crude Oil prices. Some people including the Pakistan Muslim League Nawaz (PMLN) are attributing the reduction in petroleum […]

Economy

Ishaq Dar lands back in Pakistan and Pakistani Rupee gains value

Yesterday, on Nur Khan air base Ishaq Dar landed back in country after five years. He came back in Pakistan after five years. He came back in plane of Prime Minister Shahbaz Sharif after it was decided in London by Sharifs that current finance minister Miftah Ismail will be replace with Ishaq Dar. As country passes through unprecedented circumstances, some created by unprecedented flood and some through the political instability created after alliance called Pakistan Democratic Movement (PDM) took over the government forcefully, with allegedly some foreign forces involved. Many people are hoping that Dar will be able to at least do better than our former finance minister. As, he was widely criticized by both senior leadership of Pakistan Muslim […]

Politics

Shahbaz Gill speaks up first time after freeing up from custody and thanks people of Pakistan & Imran Khan

Shahbaz Gill remained in custody in an allegedly politically motivated case on charges of sedition and inciting violence in Armed Forces of Pakistan, after a tv interview he have given to ARY News over the phone. During the case he was multiple times sent on remand, his health got bad, allegedly after the torture on him during the remand. However, according to Pakistan Tehreek-e-Insaaf (PTI) and general public perception whole case was politically motivated and the was built to pressurise PTI Chairman Imran khan. After being in custody for several difficult days, Shahbaz Gill is out of custody from several days on bail. Several days after getting free from the govt custody, few days back Shahbaz Gill released a video […]

Politics

Ishaq Dar to return to Pakistan next week, Rana Sanaullah Announces

Rana Sanaullah, the Interior minister, in his press conference have announced that Ishaq Dar is returning to Pakistan next week. He was earlier declared absconder, as he was wanted by the police in accordance with a warrant issued by court on Dec 11, 2017. However, now court has shown some lenience and suspended the warrants till Oct 7, 2022. This allows Ishaq Dar to enter the country and voluntarily submit himself to the law. However, the plans of Pakistan Democratic Movement (PDM) led govt seem to be bit different. The matter of Ishad Dar submitting himself to the law aside, it may or may not happen, but one thing for sure, Ishaq Dar will be involved in economic decision making […]

Automobile

Car prices to rise again very soon in Pakistan

Last time in the very beginning of August 2022, United States Dollar (USD) hit its top against Pakistani Rupee (PKR). At that time USD was valued at Rs 240.30 in transactions involving exchange of currency. By than almost all car manufacturers had increased their selling prices of Cars by a percentage starting from 14% to 25% in PKR. But later when International Monetary Fund (IMF) announced the confirmation of deal to resume the bailout plan, PKR again started rising in value to the point that it hit Rs. 113 against USD in Interbank at one point. Now after Rupee Regained its value, most of the auto manufacturers with few exceptions reduced their prices to compensate. However, this reduction was not […]