The open market exchange rate between the US dollar and the Pakistani rupee was Rs 278.1 on January 16, 2025, while the selling rate was Rs 279.8. The interbank exchange rate between the US dollar and the Pakistani rupee is Rs 278.45, according to Interbank.

There was no movement in the US dollar (USD) from the previous closure of Rs278.

An official notification was released on Wednesday by the government, announcing a new increase in the cost of petrol and diesel for the next two weeks, beginning on Thursday, January 16.

The increase raised petrol prices by Rs 3.47 per litre, setting the new rate at Rs 256.13 per litre. The price of a litre of high-speed diesel increased by Rs2.61 to Rs260.95.

Earlier this year, the federal government raised the price of gasoline and diesel for the next two weeks, beginning on Wednesday, January 1.

Based on the most recent price revision, high-speed diesel rates increased by 2.96 per litre, while petrol prices increased by 0.56 paisa per litre.

After the Ministry of Finance released a notification, the revised fuel rates went into effect right away.

The immediate revival of Sui Southern Gas Company’s and Jamshoro Joint Venture Limited’s idle plants is being considered.
Both companies have been instructed by SIFC to sign a revenue-sharing agreement in January.
Five thousand jobs have been lost, and 432 million dollars in foreign exchange have been lost since the plant shut down in June 2020.
SIFC has directed JJVL to settle all outstanding debts prior to the plant’s gas supply being restored.
The JJVL Plant’s resuscitation is anticipated to boost energy output and lower LPG costs.
The repair of the plant would supply 750,000 families in Sindh and other parts of Pakistan with energy.
It is anticipated that the country’s economy will benefit from the execution of JJVL with SIFC’s backing.