Business

ISLAMABAD (Kashmir English): The federal government on Friday hiked the petrol and diesel prices for the weekend, a day after the petrol price was increased. According to the notification issued by the Petroleum Division, the price of petrol was increased by Rs 2.10 per liter and high-speed diesel (HSD) by Rs 0.30 per liter. “The

ISLAMABAD (Kashmir English): The federal government has increased the profit rates for investments in National Savings Schemes. The Ministry of Finance has issued a notification regarding these new rates. According to the notification, the profit rate for Defense Savings Certificates has been raised by 19 basis points, setting the new rate for this scheme at

ISLAMABAD (Kashmir English): Differences persist between Pakistan and the International Monetary Fund (IMF) regarding the fuel relief scheme and the issue of circular debt in the gas sector; the IMF has emphasized providing relief through targeted assistance to deserving individuals rather than implementing a general fuel subsidy. According to sources, a deadlock remains between the government

ISLAMABAD (Kashmir English): The IMF has emphasized maintaining a market-based exchange rate and proposed keeping interest rates high to curb inflation in Economic review talks with Pakistan. Pakistan’s economic team has briefed the IMF mission on projections regarding domestic economic indicators during several meetings. According to the briefing, Pakistan’s economic outlook is stable. The rupee

ISLAMABAD (Kashmir English): The Oil and Gas Regulatory Authority (OGRA) has announced a significant hike in LPG prices for October, making the fuel more expensive for domestic consumers. According to a notification issued by OGRA, the price of LPG has been increased by Rs 20.68 per kilogram. Following this price hike, the cost of an

ISLAMABAD (Kashmir English): The Oil and Gas Regulatory Authority (OGRA) on Wednesday increased the price of liquefied petroleum gas (LPG) by Rs 20.68 per kg, effective from October 1. According to the OGRA notification, the cost of an 11.8kg domestic cylinder has increased by Rs 244.14, fixing it at Rs 3,296.23 from 3052.09. The new price