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July 7, 2022July 7, 2022

Great News For Inflation-Stricken People Of Pakistan

July 7, 2022 / By Zunair Tahir / Pakistan News

Distributors have announced a drastic reduction in LPG prices following a reduction in prices by manufacturing companies.

According to Chairman LPG Distributors Association Irfan Khokhar, the price of domestic cylinder has been reduced by Rs 120 and the price of commercial cylinder by Rs 450.

It will be great relief for the people of Pakistan through the tough times going on and people also needed less price because Eid-Ul-Adha is round the corner and people of Pakistan are very found of eating and cooking.

Pakistan Cut The Army’s Budget By RS72 Billion In Order To Finalize IMF Agreement

July 6, 2022 / By Zunair Tahir / Pakistan News

In order to satisfy a key requirement of the International Monetary Fund (IMF) concerning establishing primary budget surplus in the next fiscal year, Pakistan has reduced the armed forces development plan by Rs72 billion or one-fifth of the amount provided on June 10.

One of the key requirements of the IMF for the resumption of the bailout package is having a primary budget surplus of Rs153 billion, or 0.2 percent of the national GDP. Now, Finance Minister Miftah Ismail is hoping to get an agreement on the personnel level by the end of this week.

Petroleum Prices Further Jacked Up

July 1, 2022 / By Zunair Tahir / Pakistan News

Miftah Ismail, the finance minister, stated on Thursday that the International Monetary Fund (IMF) programme must be revived despite the rise in petroleum development levies of Rs. 10 on gasoline and Rs. 4 on diesel.

The finance minister, who spoke at the news conference alongside Musadik Malik, stated that the new price of gasoline will be Rs 248.75 after midnight following PDL’s Rs 10 per litre rise and Rs 4.85 increase in its price.

Petroleum Price in Pakistan Today

PRODUCT	PRICES
Petrol	PKR 248.74
High Speed Diesel (HSD)	PKR 276.54
Light Diesel Oil (LDO)	PKR 230.26
Kerosene Oil	PKR 211.43

Following a rise of Rs 8.23 in price and Rs 5 in tax, he stated that diesel, which was already priced at Rs 263, would now cost Rs 276.54 per liter.

Similarly, he stated that light diesel, whose price was Rs 207, would be Rs 226.15 per liter after 12am as a result of a hike of Rs 13.68 in price and Rs 5 tax. Kerosene oil, whose price was Rs 211, would now be Rs 230 following an increase of Rs 18 in price and Rs 5 PDL per liter.

Ismail stated that these rates will go into effect at midnight in order to make up for a deficit of Rs 230 billion during the fiscal year that ended on June 30th, 2022.

These costs have to go up because of the nation’s unprecedented high budget deficit of Rs. 5 trillion.

He claimed that although the administration made every effort to alleviate the situation, there was no choice but to raise prices because of the sharp rise in costs.

Load Shedding Is A Top Trend, Memes Are Starting To Appear

June 30, 2022 / By Zunair Tahir / Pakistan News

After a long load shedding across the country, the micro-blogging website Twitter ‘load shedding’ has become a top trend, humorous memes from users began to go viral.

Almost 18 thousand tweets has been done on the twitter by the hashtag #loadshedding and it has been trending so far people have been very creative with the hashtag and tried different memes and many types of advices has been posted on the twitter so far.

The city of lights has turned into city of darkness these days! #Loadshedding #Karachi pic.twitter.com/sZuukb0Ruv
— Meer Hamza Baloch (@imeerhamza) June 28, 2022

A user named Mir Hamza shared a picture of Karachi on Twitter and wrote that the city of lights has become a city of darkness nowadays. The City Karachi is very famous for been what it has been called the city of lights and hours and hours of load shedding has been going on may in Karachi due the weather it is almost damn hot out their and the government has been failed to provide any type of relief to the people of Karachi.

And in other cities of Pakistan especially i belong to Lahore and in Lahore 10 to 12 hours of load shedding has been going on And the Prime Minister Shahbaz Sharif also stated that in the up coming month of July load shedding will be increased and their is a lot of humidity in the city and the government is testing the patience level of the people through out the country.

It has become the norm to spend the night without electricity#Loadshedding @KElectricPk 🤦🤷🏼‍♂️ pic.twitter.com/nF0N70N2mg
— Aurang Zeb (@AurangZzzeb) June 28, 2022

Another user wrote that spending the night without electricity has now become a norm while a user named Shiraz shared the benefits of load shedding. And now if the load shedding is less then people are curious about what will be going on and started different types of thoughts.

It may be recalled that according to sources in the Power Division, the power shortfall has exceeded 7,500 MW due to which the duration of load shedding has also increased. The total power generation in the country is 21,700 MW while the demand is more than 29,000. And the government just tell us the figure that this is the loss that is going on and we have to do more power cuts and doesn’t provide the solution of the problem.

"The Electricity Has Gone" #Loadshedding pic.twitter.com/Ihe4zrQdif
— Sheikh Sadi. (@Sheikhsadi143) June 28, 2022

Due to hot weather in Karachi, the power shortfall has increased from 250 to 300 megawatts to 400 to 500 megawatts. Karachi weather is hot and humidity level also increases and people in one family uses more then 1 AC in the house and the Price of electricity also increase and still people have no choice to pay heavy bills and still load shedding goes on and pay full bill.

And in many cities of the country people have found many ways of stealing the electricity and the Electricity board knows about this issue and doesn’t pay full attention on this issue people of this types should be put in jail and make heavy fines that other people should learn some lesson and doesn’t steal the electricity.

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Pakistan Confirms 382 New Coronavirus Cases, Including 2 Fatalities

June 27, 2022 / By Zunair Tahir / Pakistan News

According to statistics issued by the National Institute of Health Pakistan on Monday morning, Pakistan recorded 382 new coronavirus cases during the previous 24 hours (Sunday), along with two virus-related fatalities.

The number of fatalities has increased to 30,390, or a ratio of 2.0%, according to the NIH figures, following the inclusion of 2 more deaths.

COVID-19 Statistics 27 June 2022
Total Tests in Last 24 Hours: 13,412
Positive Cases: 382
Positivity %: 2.85%
Deaths: 02
Patients on Critical Care: 87
— NIH Pakistan (@NIH_Pakistan) June 27, 2022

After performing 13,412 tests, the coronavirus positive rate in Pakistan reached 2.85 percent, with 382 new instances of the virus appearing in the last day. The number of cases now stands at 1,534,270.

There are 4,632 current cases in the nation, and 87 individuals are in serious condition.

In the past 24 hours, 267 additional recoveries were reported, bringing the total number of recovered cases to 1,499,248 with a 97.7% recovery rate.

Punjab

The number of cases in Punjab, the most populated province in the nation, has increased by 69 in the past 24 hours, bringing the total to 508,112 with 2,757 active cases. The number of coronavirus deaths in Punjab increased by 1, bringing the total to 13,569, while 491,786 individuals have recovered from the virus thus far.

Sindh

In the past 24 hours, Sindh has added 260 additional cases, bringing the total number of cases in the province to 579,530 with 4,183 active cases. The death toll from the terrible disease in Sindh has now reached 8,110, with 567,237 persons having recovered from the virus in the province as of yet.

Khyber Pakhtunkhwa

In the past 24 hours, 17 new cases have been reported in Khyber Pakhtunkhwa, bringing the total to 219,937 with 727 active cases. As the mortality toll remained at 6,324, the province reported no additional virus-related deaths. So far in the province, 212,886 individuals have recovered from the infection.

Balochistan

Balochistan did not report any new cases, bringing the total to 35,525 with 39 ongoing cases. The province did not disclose any further deaths, leaving the total at 378. In the province, 35,108 individuals have so far recovered from the infection.

Islamabad

In the past 24 hours, 32 additional cases have been reported in Islamabad, bringing the total to 136,028 with 862 active cases. The death toll rose to 1,026 despite no additional fatalities being reported in the Federal Capital. 134,140 patients have so far been successfully treated in the nation’s capital.

Azad Jammu and Kashmir

Azad Jammu & Kashmir reported 4 additional cases throughout the course of the previous day, bringing the total to 43,379 with 70 active cases. The death toll stood at 792 as no fresh fatalities were reported. Since the virus first appeared, 42,517 people have recovered.

Gilgit-Baltistan

No new cases were reported in Gilgit-Baltistan over the past 24 hours, bringing the total to 11,759 with 22 active cases. The province has not reported any further deaths, thus there are now 191 total fatalities. 11,546 people had successfully recovered from the fatal illness.

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How Long Will The Series Of Pre-Monsoon Rains Last In Pakistan?

June 22, 2022 / By Zunair Tahir / Pakistan News

More rains are forecast for today and tomorrow Wednesday in most cities of Pakistan.
Zaheer Ahmad Babar, director of the Islamabad Meteorological Department’s forecast center, told Urdu News that “there will be more or less rains in the whole country for two days.”
Asked about the danger of floods, he said that apart from floods in the rivers of Khyber Pakhtunkhwa, Galyat and Kashmir, there are also dangers of landslides in the hilly areas.

Regarding the weather conditions in major cities, he said that Islamabad, Lahore, Faisalabad, Sargodha and other major cities will also receive more rains, so there is a possibility of urban flooding.

Similarly, according to the June 20 forecast of Meteorological Center Islamabad, humid winds are entering the upper and central parts of the country, which will continue till the next day.

According to the press release, strong winds and thundershowers are expected in Khyber Pakhtunkhwa, Punjab, Islamabad, Gilgit-Baltistan, Kashmir, Sindh and North East Balochistan on June 21. Heavy rains and thundershowers are also expected in some areas.

**According to the Meteorological Department, floods could occur in some areas**

According to the weather forecast for June 22, strong winds and thundershowers are expected in Khyber Pakhtunkhwa, Gilgit-Baltistan, Kashmir, Upper Punjab and Islamabad.

Rain with gusts of wind and thunderstorms is expected while the weather will remain humid in other parts of the country.
Similarly, on June 23, it has been reported that the weather will be hot and humid in most parts of the country on this day.

**Keep in mind that pre-monsoon rains are continuing across the country and it is raining in almost all parts of the country.**

Heavy rains on Monday caused roof collapses and flooding in various parts of the country, killing eight people. Was
On the same day, several low lying areas in Punjab like Dera Ghazi Khan, Rahim Yar Khan, Mandi Bahauddin, Rawalpindi, Jhelum, Chakwal, Murree, Multan, Bahawalpur and Layyah were flooded.
Similarly, three people were killed in two separate roof collapse incidents in Layyah while about 20 km from Sibi.

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Negotiations Between IMF and Pakistan, On What Terms Agreed?

June 22, 2022 / By Zunair Tahir / Pakistan News

Ongoing talks between Pakistan and the IMF to revive the loan program have come close to success. According to Finance Ministry officials, the government has promised to impose 2.5 per cent income tax on those earning Rs 6 to 12 lakh per annum and gradually levy Rs 50 per liter on petroleum products.

According to Finance Ministry officials, the public has been assured of a gradual levy of Rs 50 per liter on petroleum products from July 1. In the first phase Rs 10 per liter and after that Rs 5 per liter will be charged. A total of Rs 750 billion has been targeted to be collected in levies next year.

Apart from this, Pakistan will also collect 1 to 4% income support levy from individuals and companies earning Rs. 150 million to 300 million per annum, while those earning Rs. Has been warned.

The US Dollar Set A New Record

Under the agreement, Pakistan was to increase the tax collection from the salaried class by Rs 125 billion but in the budget the government gave relief of Rs 47 billion instead of increasing the tax which was objected to by the IMF. The government’s move has resulted in a loss of Rs 47 billion in revenue, which has stalled talks with the IMF.

Now the government has once again come out in support of changing the tax slab and those earning Rs 6 lakh to 12 lakh per annum will be taxed at 2.5 per cent instead of Rs 100 which will be approved by the National Assembly through the Finance Bill.

The IMF demanded that the subsidies on oil and electricity be abolished, which was gradually abolished by the current coalition government, after which the IMF’s demand for petroleum levy was accepted and the levy was gradually implemented. Will As a result, prices of petroleum products are likely to rise further from July 1.

According to officials, the total volume of the budget is being increased from Rs 9,500 billion to Rs 9,900 billion at the request of the IMF. The FBR’s annual tax target has been increased by Rs. 436 billion. The FBR will now collect Rs 7440 billion instead of Rs 7004 billion.

Esther Perez Ruiz, the IMF’s representative in Pakistan, said that significant progress had been made in negotiations with Pakistani officials regarding the 2022-23 budget. Talks are underway between IMF staff and Pakistani officials aimed at strengthening macroeconomic stability in the new fiscal year.

According to Finance Ministry officials, an agreement at the staff level will be reached in the next few days as soon as the draft Memorandum of Economic and Financial Policy is received from the IMF. After which the IMF executive board will approve the next tranche of one billion dollars.

Pakistan has already received 3 3 billion out of the 6 6 billion loan program. The loan program has been stalled since March this year.

In this regard, Minister of State for Finance Dr. Ayesha Ghous Pasha said that the previous government had reached an agreement with the IMF on all the demands including personal income tax reforms and we have tried to complete the same incomplete work. We tried to give relief but we are bound by the agreement so we have to accept the condition of IMF.

According to him, the previous government was also in favor of raising petroleum levy and electricity prices. We are not doing anything that is not included in the agreement of the previous government with the IMF, because without it the fire.

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The US Dollar Set A New Record

June 20, 2022 / By Zunair Tahir / Pakistan News

Delays in the agreement with the International Monetary Fund (IMF) and the depreciation of the exchange rate have continued to increase the pressure on the rupee and the value of the dollar in the interbank market has exceeded Rs 210 while the dollar is trading between Rs 215 and 220 in the open market.

2022 CARS PRICE LIST IN PAKISTAN

The rupee continues to depreciate in the country and even today the value of the dollar has been recorded in the interbank market.

Market sources attribute the rising value of the dollar to the fact that Pakistan and the International Monetary Fund (IMF) have not yet restored the Extended Fund Facility (EFF). There are reservations that the authorities have allocated for the next financial year.

According to IMF estimates, even revenue measures in the budget are insufficient to meet the target of just over Rs. 7 trillion. The first draft of the Monetary Policy Memorandum was not received as some issues remained unresolved.

“We are working very closely with the IMF and will come to a conclusion soon,” he said. Is the target.

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Pakistan Hopes To Be Removed Off The FATF’s Grey List

June 17, 2022 / By Zunair Tahir / Pakistan News

**On the second day of the last plenary session in Berlin, Germany, representatives from the Financial Action Task Force (FATF) are visible.**

The Financial Action Task Force (FATF), a global watchdog for combating money laundering and terrorist financing, is expected to announce whether Pakistan will be removed from or retained on its increased monitoring list, also known as the “grey list,” today (Friday), but the government is optimistic that the decision will be in Pakistan’s favor.

After meeting over 30 conditions, Pakistan is ‘one step away’ from being removed off the FATF’s ‘Grey List’: Sources

BERLIN: Pakistan is hopeful of being removed off the Financial Action Task Force’s (FATF) grey list, according to a BBC Urdu report on Friday, citing a government insider who stated that “things appear to be going Pakistan’s way this time.”

Today is the last day of the FATF’s four-day plenary conference, after which the global anti-money laundering watchdog will declare which nations will remain on the list and which will be removed.

Minister of State for Foreign Affairs Hina Rabbani Khar, who is also the chair of the National Financial Action Task Force (FATF) Coordination Committee, is leading the Pakistani delegation to the conference in Berlin.

Hina Rabbani Khar, on the other hand, has recommended against “prejudging the result” of the FATF conference.

The minister resorted to Twitter to express his displeasure at the situation, writing: “The FATF plenary sessions in Berlin are still going on. Following the completion of the sessions tonight, the FATF will release a public statement. Predicting the outcome or reporting on the basis of speculation might and should be avoided.”

She went on to say that the administration has scheduled a media conference on this matter for Saturday morning at the Foreign Office.

The #FATF Plenary Meetings r continuing in Berlin. FATF will issue a Public Statement after conclusion of the meetings tonight. Prejudging the outcome or speculative reporting could and should be avoided.
GOP has arranged a media briefing at MOFA on Saturday morning on this issue
— Hina R Khar (@HinaRKhar) June 17, 2022

Pakistan’s progress under the 2018 and 2021 FATF Action Plans will be examined during the conference, according to the Ministry of Foreign Affairs. The Plenary will discuss the FATF’s International Cooperation Review Group’s proposals (ICRG).

The minister met with the incoming and departing FATF Presidents, the FATF Executive Secretary, and leaders of delegations from FATF member nations to inform them of Pakistan’s significant progress in completing both FATF Action Plans.

It’s worth noting that Pakistan was added to the list in 2018 and given a set of tasks to perform. The FATF kept Pakistan on the list after a review in March 2022, stating it had “made substantial progress in satisfying its recommendations.”

According to government sources, Pakistan has undertaken a tremendous diplomatic push to remove itself from the FATF’s grey list.

Pakistan need the votes of Turkey, China, and Malaysia to be removed from the list, and all three nations have pledged their complete support to Pakistani authorities.

Except for the fines, Pakistan has executed practically all aspects of the FATF Action Plan, and has instituted prosecutions and made all required legislation adjustments in this respect.

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The Weather In Lahore Became Pleasant Due To Rain

June 17, 2022 / By Zunair Tahir / Pakistan News

Nature has become kind to Lahore, the city of gardens has become less and less, the weather has become pleasant with rain with thunder and lightning in different areas, the colors have returned to the faces of the citizens.

The weather in Lahore became hot, suddenly clouds enveloped the city of gardens. After wind and light showers, the clouds froze and rained which broke the heat wave which had been going on for many days. As if everything had been bathed

Spring came on the faces of the people of Lahore who had died of heat, and flowers and flowers were also refreshed.

According to the Meteorological Department, the temperature in the city of Gardens is expected to be a minimum of 27 degrees Celsius and a maximum of 34 degrees Celsius today. Heavy rain is expected in the next 24 hours.

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Great News For Inflation-Stricken People Of Pakistan

Distributors have announced a drastic reduction in LPG prices following a reduction in prices by manufacturing companies.

READ MORE: Pakistan Cut The Army’s Budget By RS72 Billion In Order To Finalize IMF Agreement

READ MORE: Is Johnny Depp Returning To ‘Pirates Of The Caribbean’

Pakistan Cut The Army’s Budget By RS72 Billion In Order To Finalize IMF Agreement

READ MORE: How Long Will The Series Of Pre-Monsoon Rains Last In Pakistan?

Petroleum Prices Further Jacked Up

Miftah Ismail, the finance minister, stated on Thursday that the International Monetary Fund (IMF) programme must be revived despite the rise in petroleum development levies of Rs. 10 on gasoline and Rs. 4 on diesel.

The finance minister, who spoke at the news conference alongside Musadik Malik, stated that the new price of gasoline will be Rs 248.75 after midnight following PDL’s Rs 10 per litre rise and Rs 4.85 increase in its price.

Petroleum Price in Pakistan Today

READ MORE: 2022 CAR PRICE LIST IN PAKISTAN

Load Shedding Is A Top Trend, Memes Are Starting To Appear

Pakistan Confirms 382 New Coronavirus Cases, Including 2 Fatalities

Punjab

Sindh

Khyber Pakhtunkhwa

Balochistan

Islamabad

Azad Jammu and Kashmir

Gilgit-Baltistan

How Long Will The Series Of Pre-Monsoon Rains Last In Pakistan?

READ MORE NEWS…

Negotiations Between IMF and Pakistan, On What Terms Agreed?

READ MORE

The US Dollar Set A New Record

READ MORE

Pakistan Hopes To Be Removed Off The FATF’s Grey List

The Weather In Lahore Became Pleasant Due To Rain

Nature has become kind to Lahore, the city of gardens has become less and less, the weather has become pleasant with rain with thunder and lightning in different areas, the colors have returned to the faces of the citizens.

READ MORE NEWS…

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