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ISLAMABAD:The price of petrol is likely to come down by Rs34.57 per litre in line with fluctuations in global oil prices and appreciation of the rupee against the US dollar, effective from October 16, 2023. However, final decision will be made by the interim government, which may resort to adjustment of tax rates for petroleum products. According to sources, the price of petrol may drop by Rs34.57 to Rs288.38 per litre compared to the existing rate of Rs323.38. Petrol is mainly used in motorbikes and cars and is an alternative to compressed natural gas (CNG), especially in Punjab, where locally…
Walt Disney Co (DIS.N) said on Wednesday it is raising some theme-park ticket prices for its Disneyland resort in California and Walt Disney World in Florida, weeks after the entertainment giant unveiled a hefty spending plan for its parks business. The company has hiked prices at Disneyland by up to 8.9%, with the price per ticket on busy days such as holidays increasing by 8.4% to $194. Yearly pass prices at Walt Disney World in Orlando are rising by up to 10%, with the most expensive Incredi-Pass now selling for $1,449, up $50. Disney’s parks business recorded a strong rebound…
U.S. natural gas production and demand will rise to record highs in 2023, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Wednesday. EIA projected dry gas production will rise to 103.72 billion cubic feet per day (bcfd) in 2023 and 105.13 bcfd in 2024 from a record 99.60 bcfd in 2022. The agency also projected domestic gas consumption would rise from a record 88.46 bcfd in 2022 to 89.17 bcfd in 2023 before sliding to 88.38 bcfd in 2024. If correct, 2024 would be the first time output rises for four years in…
ISLAMABAD:The World Bank on Saturday retracted its recommendation regarding taxing monthly salaries below Rs50,000, as fresh data reveals that the highly marginalised salaried class again paid more taxes than the combined taxes paid by the richest exporters and the real-estate sector in the past three months. Salaried individuals paid Rs70.6 billion in income tax during the July-September period of the current fiscal year, a sum larger than the combined contribution by the richest exporters and the influential and unregulated real estate sector, according to government statistics. There is no match between the wealth and income of exporters and real-estate sector…
ISLAMABAD:Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed on Tuesday gave directives to accelerate the pace of work on the China-Pakistan Economic Corridor (CPEC) projects in Gwadar. Chairing a meeting to review the progress on CPEC projects in Gwadar, he asked ministries and divisions to speed up work on the projects, according to a press statement. Representatives of ministries and divisions gave a detailed briefing on the implementation of projects in Gwadar. The minister noted that all major projects including the Gwadar power plant, distribution of 2,000 boat engines to fishermen, Khuzdar-Panjgur transmission line (via Nag-Basima) which…
ISLAMABAD: The International Monetary Fund (IMF) on Tuesday kept Pakistan’s economic growth forecast unchanged at 2.5% but slashed inflation rate to 23.6% for the current fiscal year, in a move that is largely in line with official projections. The global lender released its flagship report, the World Economic Outlook, at the start of annual meetings in Morocco. It left Pakistan’s economic growth projection unchanged at 2.5%, which is lower than the official target by 1%. But it is consistent with the figure the IMF gave in its last report. Like the World Bank, the IMF did not accept Pakistan’s 0.3%…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken to the prime minister, Theresa May, and Downing Street. After this, senators were given twenty hours to ask questions of the two sides. Anthony…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken to the prime minister, Theresa May, and Downing Street. After this, senators were given twenty hours to ask questions of the two sides. Anthony…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken to the prime minister, Theresa May, and Downing Street. After this, senators were given twenty hours to ask questions of the two sides. Anthony…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken to the prime minister, Theresa May, and Downing Street. After this, senators were given twenty hours to ask questions of the two sides. Anthony…