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Ambassador Tirmizi Meets Christian Leaders to Give Support to Pakistani Community in UAE

Ambassador Faisal Niaz Tirmizi received Rev. Dr. Robinson Asghar, Apostolic Leader and Vice President of IFGF Global, and other Pakistani Christian leaders who are stationed in the UAE. The reception was conducted to address the concerns of the Pakistani Christian community that resides in the United Arab Emirates. Rev. Dr. Asghar thanked Ambassador Tirmizi for his ongoing support of the Pakistani Christian diaspora. He welcomed the efforts by the embassy in assisting and counseling the community on various issues. He also articulated the concerns and challenges the Christian community encounters living abroad. During the meeting, Rev. Dr. Asghar also laid down several proposals. These proposals were to enhance the welfare and support mechanism of Pakistani Christians in the UAE. He wished that these ideas would be able to make the community stronger and provide them with a stronger platform for growth and unity. Ambassador Tirmizi heard out the suggestions and issues put forward by Re...
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Petrol Price Hiked by Rs2.73 Per Litre as Caretaker Govt Bows to IMF Pressure



Also read :Petrol Price Hiked by Rs2.73 Per Litre as Caretaker Govt Bows to IMF Pressure
The caretaker government headed by Hamza Shehbaz has approved another increase in petrol prices effective from today. According to a notification issued late last night, the per litre price of petrol has been raised by Rs2.73 to Rs275.62. 


Also read : Potential hike in petrol, diesel prices from February 16th

The price of high-speed diesel (HSD) saw a bigger jump of Rs8.37, taking it to Rs287.33 per litre. There was no change announced in the prices of kerosene oil and light diesel oil.


The new prices have been notified on the recommendation of the Oil and Gas Regulatory Authority (Ogra) and are aimed at passing on the impact of rising international oil rates to consumers. Officials said petrol prices globally had risen by about $1.20 per barrel over the last two weeks, while HSD became costlier by $3.5 per barrel.

Also read :Possibility of Petrol Price Increase by Rs50 per Litre from April 1


However, the local currency saw some appreciation against the dollar, mitigating part of the impact. Exchange rate gain of around 40 paisas limited the increase. But premium paid on securing oil cargoes in the international market went up marginally.


Also read :Petrol Price Hiked by Rs2.73 Per Litre as Caretaker Govt Bows to IMF Pressure

The latest price revision underscores the caretaker government's commitment to adhere to the terms agreed with the IMF. Pakistan has set an ambitious target of collecting Rs869 billion in petroleum development levy this year to meet budgeted IMF revenues. It has already mopped up Rs475 billion in the first half of this fiscal year.


With prices already at record highs andtaxes accounting for over 30% of the retail rate, the latest increase is expected to put additional burden on consumers and fuel inflation. It remains to be seen if rising fuel costs along with inflation become a political issue in the upcoming general election.

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