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Finance Minister Ishaq Dar on Monday introduced that there can be no change within the costs of petroleum merchandise for the following fortnight.
“The federal government has determined that the costs of petroleum merchandise at this second, from Oct 16, might be maintained for the following 15 days. There might be no change in them,” he stated in a press convention in Islamabad.
The present costs for petrol are Rs224.80 per litre, Rs235.30 for HSD, Rs186.50 for LDO and Rs191.83 for kerosene. On October 15, too, the federal government had determined to maintain the petrol costs unchanged.
Throughout his transient media discuss at the moment, Dar famous that at the moment was the final day to file tax returns. “However because it received quite a lot of illustration from totally different teams, now we have determined to increase the date to Nov 30,” he stated.
Thirdly, the finance minister stated that there have been round 8,000 instances of suspended letters of credit score (LCs) two weeks again. “Beforehand, the federal government had introduced that LCs and funds of as much as $50,000 can be launched.
“I had a gathering with the SBP (State Financial institution of Pakistan) governor at the moment and now we have determined, with the involvement of SBP, that we’ll enhance this quantity to $100,000. The SBP will begin clearing them tomorrow,” Dar stated.
He added that 4,400 out of 8,000 LCs had been cleared and the brand new transfer would additional clear 1,365 instances.
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