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PM Shehbaz Sharif rejects proposal to hike petrol price

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  • PM Shehbaz says govt will bear burden of hike in prices of petroleum products itself.
  • Decision was announced through PML-N economy on Twitter.
  • Earlier, OGRA had sent a proposal to Finance Division to increase price of petrol by Rs21.50.

Prime Minister Shehbaz Sharif has rejected the Oil and Gas Regulatory Authority’s (OGRA) proposal to hike the prices of petroleum products in the country.

The decision was announced through PML-N’s economy account on Twitter.

There will be no change in the price of petroleum products as of now, adding that the premier has maintained that the government will bear the burden of the hike in the prices of petroleum products itself instead of shifting it to the masses, sources had told Geo News.

Earlier, the OGRA had sent a proposal to the Finance Division to increase the price of petrol by Rs21.50 and diesel by Rs51.30 (based on existing/current petroleum levy and GST).

On February 28, former prime minister Imran Khan announced a reduction of Rs10 per litre in petrol and diesel prices and a price freeze till the announcement of the budget for 2022-23.

According to the proposal, the OGRA had suggested an increase of Rs83.50 per litre of petrol and Rs119.88 per litre of diesel (based on the federal government’s advised petroleum levy of Rs30 and 17% GST).

It is worth mentioning that currently, the petrol price in Pakistan is Rs149.86 while diesel is available at Rs144.15, with zero per cent levy and GST. 

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Three terrorists were neutralised during a military operation in Pishin.

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As to the ISPR, the security forces carried out an operation in the Pishin district of Balochistan based on intelligence.

According to the ISPR, a terrorist who was injured during the operation has been apprehended. He is a citizen of Afghanistan. The deceased terrorists were engaged in acts of terrorism against the security forces and carried out deliberate killings of people.

The deceased terrorists were found in possession of weapons, ammo, and explosives.

The ISPR has stated that a sanitization operation is currently underway in order to eradicate any remaining terrorists in the vicinity.

The security forces are resolute in their efforts to eradicate the threat of terrorism from the country.

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The Lahore High Court Chief Justice has referred Fawad’s request for an extension of protective bail to a division bench.

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The Chief Justice of Lahore High Court (LHC) has directed the appeal for an extension of protective bail for former federal minister Fawad Chaudhry to be forwarded to a division bench.

Fawad and his wife Hiba Fawad presented themselves in front of Chief Justice Malik Shahzad Ahmad Khan.

The individual stated that the LHC had granted him protected bail in 36 cases and urged the court to order an extension of his bail.

The chief judge forwarded his request to the division bench led by judge Alia Neelam.

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Prime Minister Shehbaz pays a visit to Karachi and places a floral wreath at Mazar-e-Quaid.

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Prime Minister Muhammad Shehbaz Sharif arrived in Karachi for a one-day visit today.

The prime minister was greeted at the airport by Sindh Governor Kamran Khan Tessori and Sindh Chief Minister Syed Murad Ali Shah.

Shortly after his arrival, Prime Minister Shehbaz Sharif paid a visit to Mazar-e-Quaid, where he offered Fateha and placed a floral wreath. He recorded his perceptions in the book.

During his visit, the prime minister will convene discussions with the governor and the chief minister of Sindh to examine the comprehensive political situation and administrative matters of the province.

In addition, the prime minister will also engage with influential figures from the business community and a delegation from the Karachi Chamber of Commerce.

During these discussions, the Prime Minister will solicit recommendations from the business community regarding the enhancement of the nation’s economy.

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