Government Increases Petrol by Rs8 and Diesel by Rs5.16 per Litre from March 1
Pakistan raises petrol price to Rs266.17 and high-speed diesel to Rs280.86 per litre for the next fortnight following OGRA recommendations, impacting transport and inflation outlook.
Pakistan Reaffirms Support For Reko Diq Project As Financing Progress Boosts Investor Confidence
Federal government reiterates backing for new investments in Pakistan’s minerals and energy sectors as the Reko Diq copper-gold project nears financial close, signaling strong international investor confidence and potential $74 billion economic impact.
Petroleum Division and Ogra Urged to Resolve Grid Levy and RLNG Charges Issues for Textile Sector
The Ministry of Finance has directed the Petroleum Division and Ogra to resolve issues regarding the grid transition levy and retrospective RLNG charges for the textile sector. Business representatives argue that these charges are causing severe financial strain, urging reclassification of high-efficiency plants and updates on RLNG actualization.