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15,000 MT of sugar are “purchased” by Utility Stores Corporation.

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4 months ago

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The Prime Minister’s Relief Package allowed the Utility Stores Corporation to purchase 15,000 metric tonnes of sugar, according to people with knowledge of the development.

They added, “The sugar will cost Rs 151 to USC after adding the expenses.”

The Benazir Income Support Programme (BISP) customers pay a fixed price of Rs114 per kg of sugar, while the general public purchases the same product for Rs160 per kg.

The sale starts.
As part of Pakistan’s Prime Minister’s Relief Package, sugar sales have restarted at Utility Stores Corporation.

A Federal Excise Duty (FED) of Rs 15 per kilogramme of sugar was recently implemented, which caused the supply to be stopped.

According to those with knowledge of the development, sugar sales have restarted at utility stores in Islamabad. They also said that supplies to USC locations nationwide will resume in a few days.

The firm reportedly requested information about the new sugar tax from the Federal Board of Revenue (FBR).

the FED.The FBR responded by making it clear that the commodities sold at the USC are not subject to FED.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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6 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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6 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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6 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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