Author: newsdesk

  • Petrol, diesel prices expected to increase by more than Rs32 per litre from tomorrow

    Petrol, diesel prices expected to increase by more than Rs32 per litre from tomorrow

    The prices of petroleum products are expected to increase by more than Rs32 per litre from February 16th, due to fluctuations in the US dollar exchange rate. The current price of petroleum, oil and lubricants is set at Rs236.40 per dollar, which equates to Rs271.82 for the next fortnight. It’s worth noting that free-on-board Platt prices have seen a decline when compared to last fortnight’s pricing.

    Official and industrial sources have indicated that the price of Mogas is expected to increase by 12.8 per cent per litre, or by Rs32.07, resulting in a new price of Rs281.87 from the previous price of Rs249.8 per litre. The price of diesel is also set to rise by 12.5 per cent, or by Rs32.84, to reach Rs295.64 per litre, up from the previous price of Rs262.8 per litre.

    Kerosene oil is predicted to increase by 14.8 per cent, or by Rs28.05, bringing the new price to Rs217.88 per litre. Additionally, light diesel oil (LDO) could go up 5.3 per cent, or by Rs9.90, resulting in a new price of Rs196.90 per litre from Rs187 per litre set in the last review.

    According to The News, based on current government taxes and estimated Pakistan State Oil (PSO) incidentals, the prices mentioned above are projected. However, there is a possibility of the government adjusting the exchange rate to over Rs251, which could result in an increase of Rs15 per litre for both Mogas and diesel products. Moreover, the petroleum levy for diesel, currently standing at Rs40, may increase by Rs10 to reach Rs50 from February 16th.

    The government had set a target of earning Rs850 billion by imposing a petroleum levy on petroleum, oil, and lubricants. However, there is an estimated shortfall of Rs250 billion, and the authorities are hoping to collect a revenue of Rs600 billion.

    It’s worth noting that the government had implemented a significant increase of Rs35 per litre from February 1st, 2023, until February 15th. Presently, the government is charging Rs50 per litre as a petroleum levy, and the general sales tax (GST) has not been imposed yet.

    According to an official, the losses incurred by the refineries and oil marketing companies (OMCs) due to the exchange rate will be eliminated in a phased manner, as the government does not wish to burden consumers with the entire exchange rate at once.

    The federal government’s last review of petroleum product prices took place on January 29, 2021.

    At present, Pakistan is experiencing a shortage of petrol, with the province of Punjab, which has the largest population, bearing the brunt of the crisis. Petroleum dealers have been blamed for the situation.

    Additionally, it has been alleged that hoarders are stockpiling petrol in anticipation of a price hike scheduled for February 15th (today).

  • Ready to mingle but still single? Head over to Philippines to get extra pay

    Ready to mingle but still single? Head over to Philippines to get extra pay

    Tootay huay dil jaain kahan? Philippines. If you’re dateless on Valentine’s Day, then Philippines might is the place for you. There might be an advantage to finding out that you’re dumped before the biggest romantic holiday of the year, by drowning in cash.

    The lonely hearts residing in General Luna townhall in the Quezon Province will now recieve three times their normal wage if they are able to prove that they were single for the past three years.

    Eternal bachelor Mayor Matt Florido announced that he would be giving extra pay to all of his staff to show gratitude for all the extra work they put in and prove that “someone loves them”. This is the third time he is taking such an initiative.

    Speaking to AFP, Florido said that he could empathize with how singles felt about this day, since he has been single himself since his birth.
    “I know what they’re going through today, I feel for them.. On Valentine’s Day no one will give them chocolates, flowers … so we thought of giving them this kind of incentive so they can also feel someone cares for them, someone loves them.”

    Florido also added that the staff members who were already romantically attached did not object to their single colleagues getting more pay:

    “Maybe they understand what the single people are going through,” he said.

  • Feeling lonely today? Rent a boyfriend for this Valentine

    Feeling lonely today? Rent a boyfriend for this Valentine

    Valentine’s Day is still not over so if you are looking for someone to accompany you, don’t worry, a man in India has got your back!

    The man is offering ‘dating services’ to anyone looking for a partner this Valentine’s Day.

    Shakul Gupta, a 31-year-old techie from Gurugram, has offered his “boyfriend on rent” services for Valentine’s Day this year to single ladies.

    In an Instagram post, he said that he is providing dating services to unmarried ladies to alleviate loneliness during Valentine’s Week. He further stated that his goals are not commercial or physical in nature.

    Shakul revealed that he began offering dating services to ladies approximately 5 years ago and that he has gone on over 50 dates with women and has enjoyed spending time with them.

  • Bilawal says Imran can talk to terrorists but not lawmakers, urges politicians to unite

    Bilawal says Imran can talk to terrorists but not lawmakers, urges politicians to unite

    Foreign Minister Bilawal Bhutto-Zardari on Monday urged all political parties to come to a single page to overcome the crises that the country is facing right now.

    Bilawal claimed that Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s and his party’s inability to take matters seriously was damaging not only for the Opposition but also for the entire country and democracy.

    “He [PTI chief Imran Khan] says that he can sit with terrorists for talks but not with parliamentarians,” said Bilawal.

    “We [all political parties] will have to unite on a minimum common agenda to rid the nation of crisis,” the Pakistan People’s Party (PPP) chairman said while addressing the inaugural event of his party’s initiative to celebrate 2023 as the Golden Jubilee Year of the Constitution.

    “If all political parties agree on a Code of Conduct, we can overcome the crisis and chart a path to progress,” he added.

    “But if every party decides it will neither play nor allow others to play, the nation will be the ultimate loser,” warned Bilawal.

    Emphasizing that this is the last chance for political parties to save the country, Bilawal said that if they failed to do so, history won’t be kind to them.

    Speaking to Dawn, PTI leader Fawad Chaudhry said, “I won’t rule out the possibility of my party’s participation in any dialogue proposed by Bilawal. But I advise him not to become a part of the government’s ‘unconstitutional’ acts”.

    Fawad further said that the establishment and all political parties must sit together and give some space to each other.

  • Member National Assembly Ali Wazir finally released from prison after more than two years

    Member National Assembly Ali Wazir finally released from prison after more than two years

    Member of National Assembly (MNA) and Pashtun Tahafuz Movement (PTM) leader Ali Wazir has been released from Central Jail Karachi today (Tuesday) after more than two years behind bars.

    Wazir was transferred to Central Jail Karachi on 31 December 2020 on sedition charges for delivering hate speeches.

    In November, Peshawar High Court’s Bannu Bench granted bail to Wazir in one sedition case.

    Earlier, Wazir also claimed that his life was in danger. He was admitted to Karachi’s Jinnah Postgraduate and Medical Centre, where he claimed that he was attacked twice.

  • PTI’s Shaukat Tarin booked for allegedly sabotaging IMF deal

    Former Finance Minister Shaukat Tarin has been booked in a sedition case by Federal Investigation Agency (FIA) for allegedly sabotaging negotiations between Pakistan and International Monetary Fund (IMF).

    The Pakistan Tehreek-e-Insaf (PTI) leader landed in the center of controversy in August last year when telephonic conversations between him and two provincial finance ministers surfaced. A voice, allegedly Tarin’s, was heard telling Khyber Pakhtunkhwa’s (KP) finance minister Taimur Jhagra and Punjab finance minister Mohsin Leghari, both of the PTI, to tell the coalition government in the centre and the IMF that they would not be able to commit to a provincial budget surplus in light of the monsoon floods.

    The leaked audio came to light when the international lender’s executive board was scheduled to consider Pakistan’s request of releasing the $1.2 billion tranche under the Extended Fund Facility (EFF).

    On Monday, the coalition government also allowed the FIA to arrest the former finance minister after the agency sought the interior ministry’s nod to detain him.

    PTI lawmakers protested in Senate against the possible arrest of Tarin on the same day.

    Interestingly, senior leader of arch-rivals Pakistan Muslim League-Nawaz (PML-N), Shahid Khaqan Abbasi, lent support to Tarin, stating that there should be a trial and he shouldn’t be arrested.

    He pointed out that many arrests took place when Imran Khan was PM and that now the incumbent government shouldn’t follow in his footsteps.

  • 2,000 Pakistani workers secured jobs in Korea through EPS, says Korean ambassador

    2,000 Pakistani workers secured jobs in Korea through EPS, says Korean ambassador

    The Ambassador of the Republic of Korea to Pakistan, Suh Sangpyo, announced on Monday that during the year 2022, approximately 2,000 workers from Pakistan secured employment in Korea through the Employment Permit System (E9).

    As per a news release issued by the embassy, the Ambassador expressed his appreciation for the increasing employment opportunities being provided to Pakistani workers through the Employment Permit System (EPS) in Korea. He also pledged to extend his embassy’s full cooperation to further expand the EPS project in the future.

    The Embassy extended its support to the Employment Permit System (E9) project by donating five units of computer equipment, namely scanners, to the sending country (OEC) free of charge. The scanners can be utilised for multiple purposes, including passport scanning.

  • Will be happiest to leave govt as soon as elections are held, says CM Mohsin Naqvi

    Will be happiest to leave govt as soon as elections are held, says CM Mohsin Naqvi

    Caretaker Chief Minister (CM) of Punjab, Mohsin Naqvi, has said that he doesn’t wish to prolong his tenure as head of government in the province.

    Talking to journalists, he said that he would be happiest to leave the government as soon as the elections are held. He clarified that the election date is the Election Commission of Pakistan’s (ECP) job, and his government is ready to conduct free and fair elections in the province.

    About the ever-growing danger of terrorism in Punjab, the caretaker CM said the government is boosting the capabilities of the already efficient Counter-Terrorism Department (CTD) in the province.

    It is pertinent to mention Mohsin has been under fire lately by Pakistan Tehreek-e-Insaf (PTI) for what they allege is a failure to set a date for by-polls in Punjab.

  • BBC India office raided by tax official after airing documentary on Modi

    BBC India office raided by tax official after airing documentary on Modi

    Indian tax authorities raided BBC’s New Delhi offices on Tuesday, weeks after it aired a documentary on Prime Minister Narendra Modi’s role in the deadly riots of 2002 in the western state of Gujarat.

    A BBC employee based in the office told AFP that the tax raid was in progress and that officials were “confiscating all phones”.

    Police were at the BBC’s office in the centre of the capital to prevent people from entering or leaving, an AFP journalist at the scene reported.

    “A government procedure is happening inside the office,” an official said, declining to disclose which department he was from.

    Last month, the broadcaster aired a two-part documentary alleging that the then-Chief Minister Modi ordered police to turn a blind eye to the riots. The violence left at least 1,000 people dead, most of them minority Muslims.

    Government adviser Kanchan Gupta had slammed the documentary as “hostile propaganda and anti-India garbage”.

    Earlier, the Indian foreign ministry dismissed the news as “propaganda”.

    According to the documentary, the inquiry team assessed that Modi had prevented the police from acting to stop the violence targeted against Muslims, stating that he had specifically ordered law-enforcing authorities not to intervene. The documentary also features a former top UK diplomat who says that the violence had been planned by the Vishwa Hindu Parishad (VHP)

    Arindam Bagchi, spokesperson for the foreign ministry, has termed the BBC documentary a “propaganda piece”.

    India’s government blocked videos and tweets sharing links to the documentary soon after its release, calling it “hostile propaganda and anti-India garbage”.

  • Car sales in Pakistan drop by 65% due to low purchasing power, supply chain disruptions

    Car sales in Pakistan drop by 65% due to low purchasing power, supply chain disruptions

    According to data from the Pakistan Automotive Manufacturers Association (PAMA), passenger car sales in Pakistan experienced a significant decline of 65 per cent in January 2023 compared to the same period the previous year. This was attributed to a shortage of raw materials, low purchasing power, and price surges.

    With the exception of Suzuki’s Swift, sales of all other variants of cars, trucks, buses, tractors, pick-ups, and three-wheelers, as well as two-wheelers, also dropped in January 2023.

    The seven-month sales data for FY23 showed a 43 per cent drop compared to the same period last year, with passenger car sales decreasing by 65 per cent to 6,021 units. In January 2023, engine-wise sales data showed that sales of 1,300cc and above cars were recorded at 4,207 units, down 55.5 per cent compared to the same period last year. Additionally, 1,000cc cars recorded sales of 1,214 units, a decrease of 55.2 per cent from the same period the previous year.

    In January 2023, sales of passenger cars with engines less than 1,000cc plummeted to 600 units, down 88 per cent from 4,820 units sold in the same period last year.

    Sales of Suzuki’s new Alto were particularly hard hit, dropping to 44 units from 3,864 units last year, as the company was unable to produce any due to raw material shortages. Commercial vehicle sales were also impacted, with buses and trucks declining to 470 units from 778 units in January 2022.

    Despite this, the sale of jeeps and pickups increased to 4,846 units from 3,625 units sold last year, largely due to an increase in sales of Honda BR-V and HR-V. Tractor sales, on the other hand, decreased to 3,406 units from 4,966 units in January 2022.

    Meanwhile, sales of rickshaws and motorcycles dropped to 109,558 units from 153,658 units in the same period last year. According to Topline Securities, Pakistan’s overall car sales, including those of non-PAMA members, stood at around 11,500 units, down 37 per cent from the previous month, primarily due to Pak Suzuki’s inability to produce due to the non-availability of CKD parts.

    In January 2023, the automotive industry in Pakistan experienced a 47 per cent year-on-year drop in sales, contributing to a 39 per cent decline in sales for the first seven months of FY23. According to Sunny Kumar, an analyst for Topline Securities, this is due to rising car prices, costly auto financing, and limited consumer purchasing power.

    Pak Suzuki (PSMC) was hit particularly hard, with sales falling to 2,946 units, the lowest level since April 2020, largely due to a credit letters issue. In contrast, Hyundai sales increased 81 per cent month-on-month, with Tuscon sales up 69 per cent and Sonata sales up 241 per cent in January 2023. In the tractor sector, Millat Tractors and Al-Ghazi Tractors recorded increased sales in January 2023 compared to the previous month.

    However, the industry’s overall sales have dropped by 53 per cent YoY to 14,919 units in 7MFY23, affected by floods, plant shutdowns, higher prices, and low consumer purchasing power.