Islamabad: Amidst a devastating energy crunch in Pakistan, the government has decided to gradually revive the stalled International Monetary Fund (IMF) programme under the USD 6 billion Extended Fund Facility (EFF)—raising the electricity tariffs by Rs7.14 per unit along with hiking the petrol prices.
Authorities privy to the development stated that electricity tariff will increased by Rs4.79 per unit as the base price, while to arrange fuel price adjustments rates will have a surge by another Rs2.35 per unit.
According to details, the government is planning to increase only petrol prices in the country while it will continue to provide subsidies on diesel.
Pakistan and the IMF are scheduled to hold review talks from Wednesday (May 18) to renew attempts to reach a staff-level agreement so that the fund's executive board approves the delivery of the next USD 1 billion tranches.
Notably, if the prices remain the same—during the current fiscal year— Pakistan would have to bear the cost of about Rs140 billion till June for a duration of four months.
However, in a bid to protect 30 million Pakistanis from a surge in inflationary pressures, the coalition government is forced to devise a mechanism for the placement of targeted subsidies identified through the National Social Economic Survey (NSER).
Additionally, the government is also under pressure to increase the tariffs on gas to improve the liquidity crisis faced by the Sui Southern Gas and Sui Northern Gas in Pakistan.
Moreover, if current POL prices in the international market remain intact, it is estimated that fuel subsidies might incur the cost of Rs118 billion.
Furthermore, the government acknowledged that it requires Rs200 billion to pay to gas utility companies—bringing the total amount to Rs701 billion, or over 1% of GDP.
In the meantime, with the delay in the revival of the IMF programme and falling foreign currency reserves, the PKR has hit an all-time low against the US Dollar—crippling the Pakistan’s economy further.
Hot, dry weather likely across country
Pakistan Meteorological Department on Thursday predicted that the heatwave conditions are likely to return over central and upper Sindh from 27 May
Islamabad: Mainly hot and dry weather is expected in most parts of the country, while very hot in Punjab and upper Sindh during the next twelve hours.
However, light rain-wind/thunderstorms may occur at a few places in Potohar region, Upper Khyber-Pakhtunkhwa, Gilgit-Baltistan and Kashmir.
Temperature of some major cities recorded this morning:
Islamabad twenty-four degree centigrade, Lahore twenty-eight, Karachi twenty-nine, Peshawar twenty-six, Quetta and Muzaffarabad twenty, Gilgit fifteen and Murree thirteen degree centigrade.
According to Met office forecast for Indian Illegally Occupied Jammu and Kashmir, partly cloudy with chances of rain-wind-thunderstorm is expected in Srinagar, Pulwama, Anantnag, Shopian and Baramulla and hot and dry in Jammu while cloudy with chances of rain-wind-thunderstorm in Leh.
Temperature recorded this morning:
Srinagar and Pulwama fourteen, Jammu twenty-five, Leh ten, Anantnag and Baramulla thirteen, and Shopian twelve degree centigrade.
On the other hand, Pakistan Meteorological Department on Thursday predicted that the heatwave conditions are likely to return over central and upper Sindh from 27 May.
Daytime maximum temperatures may rise again to 46 – 48 degree Celsius in Dadu, Jacobabad, Larkana, Sukkur, Nawabshah, and Khairpur districts. While, Hyderabad, Mirpurkhas, and Umerkot districts are likely to experience maximum temperature between 44-46 Celsius and Badin 40 – 42 degree Celsius.
Karachi is experiencing hot, humid and windy weather with maximum temperature remains between 34-36 degree Celsius, according to the Met Office. The wind direction will be westerly or southwesterly today.
An earlier spell of severe hot weather persisted in the province till 23rd May.
Here are some ways to stay cool during the heatwave:
- Don’t go out between 12pm and 3pm when the sun is the strongest
- Wear loose-fitting and lightweight clothing
- Wear sunscreen and stay in the shade
- Drink plenty of fluids
- Cover your head (wear a scarf or cap)
- Use lip balm and eye drops to make sure your lips and eyes don’t get too dry
Here are the symptoms of a heat stroke you should watch out for:
- Throbbing headache
- Dizziness and light-headedness
- Lack of sweating despite the heat
- Red, hot, and dry skin
- Muscle weakness or cramps
- Nausea and vomiting
- Rapid heartbeat
- Rapid, shallow breathing
- Behavioral changes such as confusion, disorientation, or staggering
- If you experience these symptoms, you should visit a hospital.
Religious minister assures NA to bring down Hajj expenses from Rs 650,000
"A comprehensive and affordable package for Umrah and Ziaraat would soon be introduced"
Islamabad: Minister for Religious Affairs Mufti Abdul Shakoor here on Friday assured the National Assembly that the government was negotiating with the quarters concerned to further bring down the expenses of Hajj-2022 below Rs. 6,50,000.
In a policy statement in the House, he said, “I am still negotiating with the Saudi government and other quarters concerned to further reduce the expenses of upcoming Hajj from 650,000 aimed at extending maximum facilities to intending pilgrims in performing the religious obligation.”
He said the Ministry of Religious Affairs had hired the residential buildings in Makkah at the rate of 2100 Saudi Riyal against the rate of 3600 Riyal paid in 2019 by the previous government of Pakistan Tehreek-e-Insaf (PTI).
He said his ministry had hired buildings in Madina-tul-Munawara at 720 Riyal against the rate of 2100 Riyal paid in 2019. He said Saudi Arabia had fixed 9500 Riyal expense for each intending pilgrim of D-Category against 5500 Riyal.” Had there the PTI government, the expense of Hajj would have been Rs 1100,000 per pilgrim,” he added.
“Under the leadership of Prime Minister Shehbaz Sharif and Maulana Fazal-ur-Rehman, the expense of the upcoming Hajj had been brought down to Rs 65,000 and efforts were underway to further reduce it,” he said.
He said expense of the food and transport had also been reduced by the government of Saudi Arabia on the request of Pakistan. The minister said soon after assuming the charge, he was shocked to see when his ministry briefed him about the exorbitant expense of Hajj.
“I made it clear that I will prefer to resign and leave the government rather announcing the expensive hajj.” Mufti Abdul Shakoor said his leader Maulana Fazal-ur-Rehman had also directed him to reduce the expense of the hajj.
He also assured that the corruption committed in his Ministry by the previous government would be dug out and shared with the House.
The minister said a comprehensive and affordable package for Umrah and Ziaraat would soon be introduced.
He vowed that an affordable package for the minorities would also be introduced soon to facilitate them in visiting their sacred and religious places.
Imran Khan lambasts govt over hike in petrol price
The new per litre price of petrol, diesel, kerosene oil and light diesel is Rs179.86, Rs174.15, Rs155.56, and Rs148.31 respectiviely.
Islamabad: Pakistan Tehreek-e-Insaf Chairman Imran Khan on Sunday lambasted the incumbent government for increasing the prices of petroleum products and power tariffs amid hyperinflation in the country.
According to details, former Prime Minister Imran Khan took to Twitter and lambasted the government that the nation starting to pay price for Imported Government’s subservience before foreign masters with 20% / Rs30 per litre hike in petrol & diesel prices - the highest single price hike in our history. The incompetent & insensitive Govt has not pursued our deal with Russia for 30% cheaper oil.
In another tweet, Imran Khan said that in contrast India, strategic ally of US, has managed to reduce fuel prices by Rs 25 per litre by buying cheaper oil from Russia. Now our nation will suffer another massive dose of inflation at the hands of this cabal of crooks.
In contrast India, strategic ally of US, has managed to reduce fuel prices by Pkr 25 per litre by buying cheaper oil from Russia. Now our nation will suffer another massive dose of inflation at the hands of this cabal of crooks.— Imran Khan (@ImranKhanPTI) May 26, 2022
It is pertinent to mention that the federal government has decided to raise the prices of petroleum products by 30 rupees per litre, with the hike set to go into effect at midnight tonight.
This was announced by Finance Minister Miftah Ismail while addressing a news conference in Islamabad on Thursday night.
He said Prime Minister Shehbaz Sharif has taken this difficult decision in the larger interest of national economy. He said that it is a hard decision for the government to impose such kind of burden on general public.
The Minister said that new prices include Petrol 179.86 rupees per liter, High-Speed Diesel 174.15, Kerosene 155.56 and Light Diesel 148.31 rupees per liter.
He said the government is providing 56 rupees per liter subsidy on petroleum products as the previous government had fixed these prices which caused to increase in inflation in the country.
Miftah Ismail said that IMF Program cannot be approved for Pakistan without increase in petroleum prices.
Imran Khan denies rumors of deal with anyone
Law Minister Tarar dispels impression of depriving overseas Pakistanis of right to vote
KE hikes electricity tariff by Rs4.83 per unit
Religious minister assures NA to bring down Hajj expenses from Rs 650,000
Imran Khan condoles deceased PTI worker Ahmed Jan's family in Mardan
Senate approves Election Act Amendment Bill unanimously
Winter activity and political turmoil!
Government, opposition and public!
Present regime and dengue!
The repetition of history and the hidden sciences!
Whispers, rumors and rulers' narrative!
Atiya Kiyani Kitna Kamati Hain? | TSKB | Taron Sey Karen Batain
News Headlines | 6 PM | 27 May 2022 | GNN
Golokar Amanat Ali Gane Kay Ilawa Kon Sa Kam Karte Hain? | TSKB | Taron Sey Karen Batain
Kabhi Na Mukamal Hone Wali Film Main Zarnish Ki Acting | TSKB | Taron Sey Karen Batain
LIVE | Establishment Deal ? | Imran Khan Important Press Conference | GNN
PTI Leaders Press Conference | Breaking News | GNN
Regional 2 days ago
Training helicopter crashes in Mianwali
Pakistan 22 hours ago
Govt hikes per litre price of petrol and diesel by Rs30
Pakistan 10 hours ago
Renowned Pakistani mountaineer Ali Raza Sadpara passes away
World 2 days ago
Teenager kills 19 students, teacher in Texas school rampage
Pakistan 1 day ago
Imran Khan calls off 'long march'; gives 6-day ultimatum
Entertainment 18 hours ago
US actor Ray Liotta dies in Dominican Republic's hotel
World 2 days ago
Delhi court to deliver quantum of sentence to Yasin Malik
Pakistan 1 day ago
Police fire rubber bullets and tear gas on PTI activists at Islamabad's D-Chowk