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Pakistan, Iran agree to enhance energy cooperation

Both sides discussed various aspects of electricity supply from Pollan to Gwadar.

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Pakistan, Iran agree to enhance energy cooperation
GNN Media: Representational Photo

Islamabad: Pakistan and Iran have agreed to enhance energy cooperation.

An understanding to this effect was reached during a one-on-one meeting of Minister for Energy Minister for Energy Khurram Dastgir with his Iranian counterpart Ali Akbar Mehrabian in Tehran on Monday.

The meeting was aimed at increasing avenues of cooperation in energy field between Pakistan and Iran. 

Moreover, both sides discussed various aspects of electricity supply from Pollan to Gwadar. 

Khurram Dastgir lauded the energy cooperation between Pakistan and Iran and reiterated Pakistan's commitment to strengthen the relations.

Business

NA approves amendments in budget to impose Rs 50 levy on petroleum products

There is zero petroleum levy on petroleum products.

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NA approves amendments in budget to impose Rs 50 levy on petroleum products

Islamabad: The National Assembly Wednesday approved amendments in the budget for the fiscal year 2022-23 to impose a Rs 50 levy on petroleum products.

Under the Finance Bill, the government has changed the cap on the petroleum development levy (PDL) from Rs30 per litre to Rs50 per litre.

However, the government hinted about increasing PDL to Rs50 per litre gradually.

At present, there is zero petroleum levy on petroleum products.

On the other hand, Federal Finance and Revenue Minister, Miftah Ismail here on Wednesday clarified that the government has no intention to pass on the full amount of petroleum levy (Rs.50 per liter) as incorporated in the Finance Bill 2022-23 to the consumers. 

“The government has got the permission from you (the house) to impose up to Rs.50 per litter levy on petroleum products but there is no hope and intention to take the levy up to this figure”, he said while speaking in the National Assembly (NA). 

The Minister also informed the members of the house that at present there is zero petroleum levy on the petroleum products.

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Pakistan

Eidul Adha on July 10 as Zil Hajj moon not sighted in Pakistan

Central Ruet-e-Hilal Committee Chairman Maulana Syed Abdul Khabir Azad announced the decision following a meeting of the committee

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Eidul Adha on July 10 as Zil Hajj moon not sighted in Pakistan

The Central Ruet-e-Hilal Committee announced Wednesday that the Zil-Hajj moon has not been sighted in Pakistan, adding that Eid ul Adha in Pakistan will be observed on July 10 (Sunday).

Chairman Maulana Syed Abdul Khabir Azad announced the decision following a meeting of the committee, held in Karachi after Maghrib prayers to sight the crescent moon.

The first day of Zil hajj would fall on July 1 (Friday), he added.

In the meeting, it was formally announced by the committee that the moon of Zul-Hijjah has not been seen anywhere in the country, therefore Eid-ul-Adha will be on Sunday, July 10.

Earlier, the Lahore Zonal Committee had also announced that the moon of Dhi Al-Hajj has not been seen. Eid-ul-Adha will be on Sunday, July 10, however, the final announcement in this regard was to be made by the Central Route Hilal Committee.

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Sports

US Open champion Raducanu faces exit from Wimbledon

Emma Raducanu has struggled with a string of minor injuries since her sensational win at Flushing Meadows last year.

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US Open champion Raducanu faces exit from Wimbledon

US Open champion Emma Raducanu crashed out of Wimbledon on Wednesday, losing her second-round match against Caroline Garcia 6-3, 6-3 to the disappointment of the British home crowd.

The 10th seed, who was troubled by a side strain in the run-up to the Grand Slam, was broken five times in the match on Centre Court by her French opponent, ranked 55 in the world.

Raducanu, 19, was on the back foot early in the contest after being broken in her first service game and won just 45 percent of points on her first serve.

Garcia, fresh from winning on grass at Bad Homberg, hit 25 winners in an impressive display.

"Emma is a huge player and in her home tournament and she proved she can do very well on the big stage," said Garcia.

"I really enjoyed playing on Centre Court, it was my first time and very special."

Raducanu has struggled with a string of minor injuries since her sensational win at Flushing Meadows last year.

She has also come under scrutiny over her failure to settle on a long-term coach.

SOURCE: AFP

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