Connect with us

Latest News

Govt unleashes another gas bomb on the people affected by inflation

Published

1 year ago

on

Tuesday saw the approval of yet another rise in gas pricing by the Oil and Gas Regulatory Authority (Ogra), with the goal of making up for the alarming Rs98 billion deficit that is ailing the country’s economy.

The increased rates, which are in effect from January 1, 2024, to June 30, 2024, will cause even more problems for individuals who are currently dealing with historically high rates of inflation. This represents the second petrol price adjustment for the current fiscal year 2023–2024.

The government has decided to increase the tariffs of Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL), a decision that would have an impact on people all throughout the country.

Tariffs on SNGPL will increase by a significant 35.13 percent, while SSGCL’s charges would increase by 8.57 percent.

According to Ogra’s plan dated February 2, there would be a major increase in petrol prices. The average price per MMBTU would rise to Rs1,590 from the previous cost of Rs1,291 set in June 2023.

This change is a result of increasing pressure from the International Monetary Fund (IMF), which has called for biannual adjustments to petrol prices in order to reduce the rapidly increasing circular debt.

Sui Northern petrol rates have increased significantly from the previous cost of Rs1,238.68 to Rs1,673.82 per MMBTU as a result of a recent Ogra judgement.

Sui Southern’s petrol rates have also increased, going from Rs1,350.68 per MMBTU to Rs1,466.40 per MMBTU.

The decision by the government to accept this increase in petrol prices has caused conflicting responses among different groups in society. Some contend that it’s an essential step in addressing the economic difficulties, while others voice worries about how it would affect the already burdened population.

The cost of basic utilities becomes a more urgent worry for regular individuals as inflation rates rise to unprecedented levels.

The discourse around the effectiveness of these policies is becoming more heated as the country struggles with economic uncertainty, which emphasises the necessity for all-encompassing approaches to address Pakistan’s economic problems while defending the interests of its citizens.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Enhancing Pakistan-Bahrain Collaboration: Tarar Highlights Fortifying Media Connections Between Pakistan and Bahrain

Published

2 days ago

on

By

Attaullah Tarar, the Minister of Information and Broadcasting, has underlined the importance of strengthening cooperation between Bahrain’s and Pakistan’s official media organizations.
He proposed news sharing between the Bahrain News Agency (BNA) and the associated Press of Pakistan (app) during a meeting with Bahrain’s Minister for Information, Ramadan Bin Abdullah Al-Noaimi, in Riyadh. Attaullah Tarar stated that media delegation exchanges are essential to enhancing media cooperation.
According to the information minister, Pakistan and Bahrain have very close fraternal ties that are founded on shared history, religion, and culture.
Pakistan’s economy is heading in the right direction, according to Attaullah Tarar.
Additionally, he stated that Pakistan offers great prospects for foreign investors to make investments.
According to Bahrain’s Information Minister, the country cherishes its relationship with Pakistan.
He reaffirmed Bahrain’s determination to further strengthen media cooperation.

Continue Reading

Latest News

Mandi Bahauddin District Jail: MNA Launches Improvement Initiatives at Jail

Published

2 days ago

on

By

During his visit to District Jail Mandi Bahauddin, Member of the National Assembly Chaudhry Nasir Iqbal Bosaal officially opened a number of development projects, including the recently built jail building.
Chaudhry Nasir Iqbal Bosaal mna was welcomed at the District Jail by Superintendent Jail Haq Nawaz, Deputy Superintendent Sheikh Arif Nisar, Shahzad Aslam Jaja, and other jail staff. The Jail’s cadre saluted and presented a guard of honor.
He treated sick inmates admitted to the hospital, established other development projects, including the recently built jail facility, and toured several barracks, mills, anchorage, juvenile ward, and jail hospital.
at addition to planting a sapling at the jail as part of the tree plantation campaign, Chaudhry Nasir Iqbal Bosal MNA expressed gratitude for Superintendent Jail Haq Nawaz’s efforts and offered prayers for the nation’s growth and prosperity.

Continue Reading

Latest News

Under the auspices of Ombudsman Punjab, an awareness seminar was held at the Government Mc High School in Nakana Sahib.

Published

2 days ago

on

By

The ombudsman Punjab Nankana Sahib Region held an awareness seminar at Government Captain Hassan Nawaz Shaheed MC High School.
The CEO of the District Education Authority, Shazia Bano, chaired the seminar. Advisor Malik Muhammad Aslam and District Education Officer Secondary Dr. Saima Zafar were among the educators, students, and education officers that attended the session.
In his speech to the seminar, Malik Muhammad Aslam stated that people are aware of their rights and that our goal is to eradicate institutional corruption and poor management.Everyone must do their share to improve institutions. The provincial ombudsman’s awareness campaign was deemed beneficial by civil society representatives, educators, and students, who said it provided them with information about the institution’s significance and what to do in the event of a complaint.Teachers and students reaffirmed their commitment to playing their part in raising public knowledge of the ombudsman.

Continue Reading

Trending