Govt to probe losses incurred by petroleum sector during PTI tenure: Shahid Khaqan – The News International

Govt to probe losses incurred by petroleum sector during PTI tenure: Shahid Khaqan – The News International

ISLAMABAD: PML-N senior leader Shahid Khaqan Abbasi Thursday announced the coalition government was forming a commission to probe the wrong decisions taken by former prime minister Imran Khan, which led to massive losses in the petroleum sector. Addressing a press conference along with Planning and Development Minister Ahsan Iqbal, Abbasi said: “A commission will be formed to examine the losses in the petroleum sector and will investigate the wrong decisions taken by the previous government.” The former prime minister also…

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In yet another hike, govt jacks up petrol price by nearly Rs15 – DAWN.com

In yet another hike, govt jacks up petrol price by nearly Rs15 – DAWN.com

The government on Thursday announced a hike of Rs14.85 per litre in the price of petrol, the fourth such raise in the last 35 days, taking the cumulative amount of all hikes since May 26 to nearly Rs100. According to a notification issued by the Finance Division, petrol will now be priced at Rs248.74 after the latest hike, followed by high speed diesel at Rs276.54, kerosene oil at Rs230.26 and light diesel at Rs226.15. The new prices will come into…

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Sigh of relief: Foreign exchange reserves rise above $10b after $2.3b Chinese loan receipt – Geo News

Sigh of relief: Foreign exchange reserves rise above $10b after $2.3b Chinese loan receipt – Geo News

Sigh of relief: Foreign exchange reserves rise above $10b after $2.3b Chinese loan receipt Thursday Jun 30, 2022 A representational image of US currency notes. — Reuters/File SBP’s reserves rise by $2.07b to $10.3b, SBP reports. Overall liquid foreign currency reserves stand at $16,195.6m. After an increase, country has an import cover of 1.49 months. KARACHI: Following a receipt of a Chinese consortium loan of RMB 15 billion (roughly $2.3 billion), the foreign exchange reserves held by the State Bank…

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LHC orders re-counting of votes for Punjab CM election – The Express Tribune

LHC orders re-counting of votes for Punjab CM election – The Express Tribune

LAHORE: The Lahore High Court (LHC) on Thursday ordered the recounting of votes for the election of the Punjab chief minister and said the votes of dissident lawmakers should be excluded from the count.  The PTI, in their writ petitions, had stated that Hamza’s election in the Punjab Assembly was “illegal” and did not follow due processes and that his notification as the chief of Punjab must also be set aside as it was not in line with the law….

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PM tells top-ranking Chinese official: Govt to complete CPEC projects at earliest – The News International

PM tells top-ranking Chinese official: Govt to complete CPEC projects at earliest – The News International

Yang Jiechi, Member of the Politburo of the Communist Party of China (CPC) Central Committee and Director of its Foreign Affairs Commission calls on PM Shehbaz in Islamabad on June 29, 2022. Photo: PID ISLAMABAD: In the latest development on economic front, China has announced to grant a fresh rollover of $2 billion safe deposits to Pakistan. Besides, it also decided to export 200,000 tonnes of urea fertiliser to Pakistan. In this regard, a memorandum of understanding (MoU) was signed…

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Women protest loadshedding – Newspaper – DAWN.COM – DAWN.com

Women protest loadshedding – Newspaper – DAWN.COM – DAWN.com

GUJRAT: Scores of women on Wednesday blocked GT Road in front of the Kharian assistant commissioner office against loadshedding in the city. Women from various parts of Kharian also attempted to storm the AC complex. Traffic went out of gear due to the protest. Protesters chanted slogans against the authorities for failing to provide an uninterrupted power supply under the harsh weather conditions. The entire Gujrat district has been facing the worst ever loadshedding for the last couple of days….

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NA approves Rs50 per litre petroleum levy as house passes Finance Bill 2022-23 – Dunya News

NA approves Rs50 per litre petroleum levy as house passes Finance Bill 2022-23 – Dunya News

Business NA approves Rs50 per litre petroleum levy as house passes Finance Bill 2022-23 The National Assembly also approved amending the Petroleum Products (Petroleum Levy) Ordinance, 1961 30 June,2022 03:27 am ISLAMABAD (Dunya News) – The National Assembly (NA) on Wednesday approved the Rs50 per litre petroleum levy as the house passed the Finance Bill 2022-23. The bill was passed after Minister of State for Finance Ayesha Ghous moved the house to levy Rs50 per litre on petroleum products during…

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Pakistan rejects Indian insinuations linking it to Udaipur killing – The Express Tribune

Pakistan rejects Indian insinuations linking it to Udaipur killing – The Express Tribune

Islamabad has categorically rejected Indian insinuations linking a Pakistani organisation to the gruesome murder of a Hindu tailor in Udaipur. In a statement issued on Wednesday, Foreign Office Spokesperson Asim Iftikhar said such insinuations are an attempt typical of the BJP-RSS ‘Hindutva’ driven Indian regime to malign Pakistan by externalising India’s internal issues through pointing fingers towards Pakistan. The spokesperson said such malicious attempts will not succeed in misleading the people, either in India or abroad. Fearing outbreaks of religious…

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Qureshi sees new constitutional crisis – Newspaper – DAWN.COM – DAWN.com

Qureshi sees new constitutional crisis – Newspaper – DAWN.COM – DAWN.com

LAHORE: Pakistan Tehreek-i-Insaf (PTI) Vice Chairman Shah Mahmood Qureshi has said a new constitutional crisis is emerging in Punjab as court could declare Hamza Shehbaz’s election as chief minister illegal and order fresh poll for the post. He was addressing the media on Tuesday after a goods transporters body announced its support for his son Zain Qureshi in the by-elections to be held in PP-217, Multan. Mr Qureshi said 25 out of total 197 PTI MPAs were disqualified on the…

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FBR collects record Rs6tr in FY22 – The News International

FBR collects record Rs6tr in FY22 – The News International

Photo: The News/File ISLAMABAD: In a major achievement, the Federal Board of Revenue (FBR) raised a record Rs6,000 billion in revenue during the outgoing fiscal year 2021-22. In a statement, the FBR said that it raised Rs2,205 billion as income tax, 2,773 billion as sales tax and Rs1,007 billion as customs duty in the current fiscal year. During the same period, the tax collection body also released Rs305 billion as a refund. Former finance minister Shaukat Tarin said that FBR…

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