Prices of Cooking Oil and Ghee Reduced by Utility Stores

The Utility Stores Corporation (USC) has reduced the prices of ghee and edible oil with effect from today (Friday).According a notice issued by the Corporation, which was also shared by Finance Minister Ishaq Dar on Twitter, the price of first tier br…

The Utility Stores Corporation (USC) has reduced the prices of ghee and edible oil with effect from today (Friday).

According a notice issued by the Corporation, which was also shared by Finance Minister Ishaq Dar on Twitter, the price of first tier brands of ghee and edible oil have been reduced by Rs. 69 per kg and Rs. 76 per liter respectively.

The notification issued by the Utility Stores Corporation said that sale price of subsidized ghee is now Rs. 490 per kg.

Description Market Price USC Price Difference

First Tier Branded Oil Rs. 618-630 per liter Rs. 540-590 per liter Rs. 40 to 78

First Tier Branded Ghee Rs. 580-585 per kg Rs. 545-577 per kg Rs. 8 to 35

Ghee (Subsidized) Rs. 510-520 per kg Rs. 490 per kg Rs. 20

It added that the reduction in the prices is a ‘big relief’ for all USC customers and the poor segment of the society.

Source: Pro Pakistani

Revenue Commission Wants Cashless Transactions At Petrol Pumps in FY2023-24

The Reforms and Revenue Mobilisation Commission (RRMC) has proposed cashless transactions for fuel purchases at all petrol stations across Pakistan.The proposal has been added to suggestions for the upcoming budget (2023-24) through Finance Bill 2023,…

The Reforms and Revenue Mobilisation Commission (RRMC) has proposed cashless transactions for fuel purchases at all petrol stations across Pakistan.

The proposal has been added to suggestions for the upcoming budget (2023-24) through Finance Bill 2023, reported Business Recorder.

In Pakistan, petrol stations currently accept cash payments for fuel purchases. The RRMC suggestion comes in lieu of how difficult it is to track cash transactions which later lead to financial irregularities like tax evasion and money laundering. The RRMC has tabled that all petrol stations stop accepting cash payments for fuel.

As per the proposal, customers have to be brought on board to use electronic banking, credit/debit cards, and other digital payment methods to conduct transactions. It is also suggested that the Federal Board of Revenue, the State Bank of Pakistan, and other key players collaborate and develop the framework for adopting the proposal easily switching to cashless transactions at petrol stations all over Pakistan.

According to the RRMC, prepaid fuel cards/prepaid debit cards can also be issued by Oil Marketing Companies. The addition would help promote and report a better economy, as well as avoid the risks associated with cash transactions.

Source: Pro Pakistani

Below Normal Temperatures Predicted During Upcoming Rainfall Spell

More wind-dust/thunderstorm-rain is expected in upper and central parts during the next week with occasional gaps, with temperatures likely to remain normal to below normal, the Pakistan Meteorological Department (PMD) has predicted.According to the l…

More wind-dust/thunderstorm-rain is expected in upper and central parts during the next week with occasional gaps, with temperatures likely to remain normal to below normal, the Pakistan Meteorological Department (PMD) has predicted.

According to the latest PMD advisory, another westerly wave is likely to enter the western and upper parts of the country on 28 May and is likely to persist till 31st May.

Under the influence of this weather system, wind-dust-thunderstorm/rain is expected in Balochistan (Quetta, Zhob, Barkhan, Qilla Saifullah, Qillah Abdullah, Chaman, Pishin, Noshki, Naseerabad, Kalat, Lasbella, Khuzdar and Sibbi), Sindh (Sukkur, Dadu, Karachi, Hyderabad, Jacobabad, Shaheed Benazirabad, Mirpurkhas, Khairpur and Larkana), Punjab (Layyah, Bhakkar, D.G khan, Rajanpur, R.Y khan, Bahawalnagar, Multan, Sahiwal, Khanewal, Okara and Pakpattan) on 28 and 30 May.

Wind-dust/thunderstorm-rain with a few hailstorms (Isolated heavy falls) is expected in Kashmir (Neelum valley, Muzaffarabad, Poonch, Hattian, Bagh, Haveli, Sudhanoti, Kotli, Bhimber, Mirpur), Gilgit-Baltistan (Diamir, Astore, Ghizer, Skardu, Hunza, Gilgit, Ghanche, Shigar), Chitral, Dir, Swat, Kohistan, Mansehra, Abbottabad, Haripur, Peshawar, Charsadda, Nowshera, Swabi, Mardan, Bajaur, Kurram, Waziristan, Kohat, Bannu, Tank, Karak, Dera Ismail Khan, Islamabad, Murree, Galliyat, Rawalpindi, Attock, Chakwal, Gujranwala, Sargodha, Sheikhupura, Faisalabad, Jhang, Toba Tek Singh, Nankana, Mandi Bahauddin, Khushab, Mianwali, Narowal, Sialkot, Kasur, Lahore and Jhelum from 28 to 31 May with occasional gaps.

Possible Impacts and Advice:

Dust storm/wind storm may cause damage to lose structure and standing crops in Punjab, Khyber Pakhtunkhwa, Balochistan, Sindh and Kashmir during 28 to 30 May.

Farmers are advised to remain cautious during the forecast period. Tourists are advised to plan their activities accordingly.

General public is advised to stay at safe places during the dust storm/wind-thunderstorm.

All concerned authorities are advised to remain alert to avoid any untoward situation during the forecast period.

Source: Pro Pakistani

Govt Approves Release of Pending Pay and Allowances to Press Officers Working Abroad

The federal government has given the approval to release pending pay and allowances to press officers working in Pakistani missions abroad.Sources told ProPakistani that the Economic Coordination Committee (ECC) of the Cabinet in the last meeting appr…

The federal government has given the approval to release pending pay and allowances to press officers working in Pakistani missions abroad.

Sources told ProPakistani that the Economic Coordination Committee (ECC) of the Cabinet in the last meeting approved Rs. 420 million in favor of the Ministry of Information and Broadcasting to meet its budgetary shortfall for Information Services Abroad.

Information Services Abroad of the Ministry of Information and Broadcasting have faced an acute shortage of funds during the current fiscal year.

Sources said that actual expenditure during the first eight months has amounted to Rs. 850 million, i.e. 95 percent of the total budgetary allocation of Rs. 895 million and anticipated expenditure during the remaining four months was estimated at Rs. 465 million, while the budget allocation balance was Rs. 45 million only.

Additional funds to the tune of Rs. 420 million were required to meet the shortfall due to the depreciation of the Pakistani Rupee against the US Dollar and other major currencies, but no corresponding increase in budget allocation was made to absorb this impact.

Sources said that not only the pay and allowances but rental ceiling of hired accommodations have increased substantially.

It is worth mentioning that actual expenditure during the last financial year was Rs. 1,039 million, equal to $5.5 million. During the current fiscal year expenditure is estimated at Rs. 1,315 million, equal to $5.9 million.

Source: Pro Pakistani