Prime Minister Shehbaz Sharif announced the distribution of 100,000 free laptops among talented students across the country on merit, during an International Youth Day event in Islamabad on Tuesday. Premier stated that the distribution of these laptops will cover all four provinces, the federal capital Islamabad, Gilgit-Baltistan, and Azad Kashmir, and will be based purely on merit, without any nepotism. He added that these laptops would be separate from the scheme for laptops through interest-based loans. Referring to Operation Bunyanum Marsoos, the prime minister mentioned that Pakistan’s victory on May 10 against a numerically larger and more boastful enemy had instilled a new vigour in the entire nation. He urged the youth to build on the spirit of this achievement and work hard to bring honour to the country. Earlier, during the ceremony, Chairman of the Prime Minister’s Youth Program, Rana Mashhood, said the government’s merit-based programs for youth had enabled talented and des...
The impending announcement of a potential increase in petrol prices has sparked concerns among the public in Pakistan. Speculations have arisen that petrol prices may surge by Rs50 per litre starting from April 1. This article explores the factors contributing to this possible price hike and the impact it may have on the country's business and economy. The IMF's Demand for GST Reintroduction: According to reports, the International Monetary Fund (IMF) has been urging the Pakistani government to reintroduce the Goods and Services Tax (GST) at a standard rate of 18%. If the authorities concede to this demand, it could lead to a substantial increase in petrol prices. The estimated rise without taxes is already set at Rs10 per litre. Factors Driving the Price Increase: The recent surge in petrol prices is attributed to multiple factors. One significant factor is the increase in the premium on petrol, which has risen from $12.15 per barrel to $13.50 per barrel. This increment of $1....