Tag Archives: Prime Minister Shahid Khaqan Abbasi

Petrol Price Likely To Decrease By Up To Rs. 5.26

Petrol Price Likely To Decrease By Up To Rs. 5.26


Sumera Saeed | March 30, 2018 | category: News

Petrol Price Likely To Decrease By Up To Rs. 5. The petrol price in Pakistan is likely to go down by up to Rs.5. the Oil and Gas Regulatory Authority (OGRA) has suggested to decrease the petrol price by Rs. 5.26 per litre.

After the surge of petro price for the past several months, consumers are likely to get some relief as the prices may go down up to Rs. 5.26 per liter. The new petrol prices will come in effect from 1st April, 2018.

In this regard OGRA has sent a recommendation letter to the federal government.

The regulation body has suggested the government to increase the per litre cost of light speed diesel by Rs. 0.55 and kerosene oil by Rs. 0.13 per litre.

If the OGRA summery got approved by the federal government by Prime Minister Shahid Khaqan Abbasi, the new petrol price will be Rs. 82.

But the prices of other petroleum products are to go high as well; the high-speed diesel may face an increase of Rs0.65 with the new price of Rs. 99.10 per litre from the existing Rs. 98.45 per litre.

The price of LDO, which is mainly used for industrial purposes, may increase for Rs. 0.55. increasing from Rs.65.30 to Rs.65.85.

On the other hand the price of kerosene oil may be increased from Rs76.46 to Rs76.59 per litre with an increase of Rs0.13 per litre.

According to the view of some of the industry experts government will not decrease the petrol price for up to Rs. 5.26 per liter. The federal government might decrease it up to Rs. 3.

For further updates about petrol price stay in touch with daytimes.pk

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PM Inaugurates International Terminal at Faisalabad Airport

PM Inaugurates International Terminal at Faisalabad Airport


admin | January 20, 2018 | category: News

PM inaugurates International Terminal at Faisalabad Airport. Prime Minister Shahid Khaqan Abbasi inaugurated the extension project of Faisalabad International Aiport today (Saturday).

Addressing the inaugural ceremony, he said 118 flights come to the airport weekly but these flights are likely to increase further in future. He directed the Civil Aviation Authority to make planning for further extension of the airport to meet accommodate more flights.

He said one flight comes to Faisalabad in 2015 and 118 flights are coming here weekly. He said that vision of Nawaz Sharif is to improve economy of the country.
The Prime Minister said the present government has carried out more development than the works done during the last sixty five years.

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Budget Preparation Starts, Abolishing Pension and Increase in Pay Suggested

Budget Preparation Starts, Abolishing Pension and Increase in Pay Suggested


Shahid | January 10, 2018 | category: News

Budget preparation starts, abolishing pension and increase in pay suggested.The government has started budget preparations and commenced the consultation process with the concerned stakeholders including representatives of various chambers of commerce and industries and different business organizations.

In this regard Prime Minister Shahid Khaqan Abbasi has reconstituted his own team for preparing the budget for year 2018-19 as government is in hurry and interested to complete the work before the completion of the term of the assemblies.

The Prime Minister has appointed Haroon Akhtar Khan as his Advisor, with the status of Federal Minister, who will be responsible for the affairs of the Federal Board of Revenue (FBR), and consult with the business community to prepare the recommendations for improving the collection of taxes.

The Prime Minister has also appointed Miftah Ismail as his advisor who will be responsible for dealing with the international monetary organizations for seeking loans and other financial assistance from them. To deal with political elements, the Prime Minister has appointed Rana Afzal Khan as Minister of State for Finance, who will deal with the politicians and other local organizations to seek their proposals for the next budget.

According to sources of Ministry of Finance, the government has been working on a plan to abolish the system of pension and the salaries of the government servants will be increased accordingly to the level of private sector so that the financial burden on the government for the payment of pension could be abolished. In this proposal, which will be very difficult to be adopted by the government in its last year of the tenure, the government has received suggestions that instead of giving pension, the government officials will be given handsome salaries so that they can save sufficient money at the time of retirement.

The government has also discussed this proposal with the International Monitory Fund (IMF), the main lender of loans to Pakistan but still there is no progress on this proposal and it will be further discussed at various levels in the Ministry of Finance before the finalization of the next budget.
Meanwhile, the government has also discussing the proposals to increase the funds for improving the basic needs of life including power, provision of water, gas, health facilities, education and other such basic facilities and huge amount will be allocated in the next budget so that they can seek the support of the people on the occasion of the next elections.

The sources in the Ministry of Finance said that during the recent meetings of officials of Finance Department with the representatives of IMF, Pakistan has been advised by the IMF to prepare a three year frame work which include reduction on the foreign loans, prepare a comprehensive strategy for improving the debt payment in the next three years, as Pakistan has to pay back nine billion dollars during 2018 against the loans secured by the country.

The IMF also advised the officials of the Ministry of Finance to chalk out comprehensive strategy and take adequate and effective measures to reduce the trade deficit which has increased to US dollars 36 billion. In this regard the financial team of the Prime Minister has also been asked to prepare recommendations for increase in the revenues by the FBR, give incentives to increase foreign remittances and other such options.

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PM to Inaugurate Quaid e Azam Inter-Provincial Games on Monday

PM to Inaugurate Quaid e Azam Inter-Provincial Games on Monday


Ram zi | December 23, 2017 | category: News

PM to Inaugurate Quaid e Azam Inter-Provincial Games on Monday .Quaid e Azam inter-provincial games will commence from Monday. According to media reports, Prime Minister Shahid Khaqan Abbasi will inaugurate the Inter-provincial games . World Kabbadi observer Muhammad Tayyab Gilani, hailing from Faisalabad will leave for Islamabad to attend Quaid e Azam interprovincial games.

He will do Punjabi commentary in Kabbadi Matches. These games will be started from December 25th and continue till December 28th in Jinnah Stadium Islamabad. Chief Guest of ending ceremony will be President Mamnoon Hussain who will distribute prizes among the winners.

Teams from Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, Azad Kashmir, Gilgit Baltistan, and Federally administrated tribal areas will take part in the tournament.

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