Pakistan Government Archives - Page 4 of 5 - Cars,Bikes Specs & Auto parts - Find Car Prices, News Blogs & Reviews

Pakistan News

July 1, 2022July 1, 2022

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.

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.

Search

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.

Search

Imran Khan Is Planning A Long March In The Last Week Of May

May 23, 2022 / By Zunair Tahir / Pakistan News

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan announced on Saturday that the date for a lengthy march to Islamabad will be announced in the final week of May.

Imran Khan claimed the decision was made by the PTI’s central committee in a video message. “After much deliberation, we decided to announce the date of the long march in the last week of May.”

عوام آ رہی ہے اس ظلم کو مٹانے کے لئے pic.twitter.com/gxE8EJODjP
— Dr. Shahbaz GiLL (@SHABAZGIL) April 30, 2022

He claimed that the country had been mistreated and that the most corrupt individuals had been forced onto it. Imran Khan said that 60% of the cabinet members are on bail.

He said that the prime minister is known as the “crime minister” and that he is facing money-laundering charges totaling Rs40 billion with the FIA and NAB. Imran Khan urged everyone to get ready for the lengthy march from Chand Raat.

Meteoric Dollar Smashes All Records & Reaches Rs200 In The Interbank Market

“This is an invitation to all Pakistanis, not just the PTI.” You must inform the entire world that Pakistan is a living nation.”

He exhorted everyone to come out with [Pakistan] flags, particularly young people. “Inshallah, our next move will be the Islamabad march,” he continued.

Imran Khan said that a “sea of people” will converge in Islamabad, certifying that no foreign power can impose the corrupt clan on Pakistan’s people, and that the country will select its own fate.

Search

S.No.	Vehicles of Asian Makes meant for transportation of persons	Duty and Taxes in US$ or equivalent amount in Pak
01.	Upto 800 cc	US$ 4,800
02.	801cc to 1000cc	US$6,000
03.	From 1001 cc to 1300cc	US$13,200
04.	From 1301cc to 1500cc	US$18,590
05.	From 1501cc to 1600cc	US$22,550
06.	From 1601cc to 1800cc (Excluding Jeeps)	US$27,940

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

Pakistan Confirms 382 New Coronavirus Cases, Including 2 Fatalities

Punjab

Sindh

Khyber Pakhtunkhwa

Balochistan

Islamabad

Azad Jammu and Kashmir

Gilgit-Baltistan

Negotiations Between IMF and Pakistan, On What Terms Agreed?

READ MORE

Imran Khan Is Planning A Long March In The Last Week Of May

YOU MIGHT ALSO LIKE

READ MORE NEWS…

PAKISTAN NEWS

Pakistan Is Expected To Increase The Price Of Electricity By PKR3.15 Per Unit

(IMF) Has Expressed Concern Over Pakistan’s Growing Inflation and Expanding Current Account Deficit

READ MORE

Impact of Budget On Auto Sector 2021-22

Electric vehicles:

Mini budget ! how much tax on cars?

The Finance Supplementary Bill (Mini Budget) to be introduced in the National Assembly has been approved by the Federal Government.

The Government is Imposing a Six-Month Ban on Imported Vehicles.

READ MORE

PAKISTAN IMPORTED RECORD HIGH IMPORTED VEHICLES IN 2021

Share Your Thoughts with Us.

You Want To Have Your Favorite Car?