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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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The need of strengthening the China-Pakistan media corridor was emphasized by the information secretary.

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Focusing on the China-Pakistan Media Corridor is crucial for the advancement of the two nations’ current relationship, according to Federal Information Secretary Ambreen Jan.

Speaking at a ceremony in Beijing, the Secretary stated that two Memorandums of Understanding were signed between the Chinese government and the Ministry of Information during the Prime Minister’s visit. These agreements pertain to the co-production of films and dramas that are intended to improve the relationship between individuals.

Approximately 12 Pakistani films were screened in China between 1957 and 1991, according to Ambreen Jan, demonstrating that the two countries’ collaboration in the film industry is not new.

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Green Tractor Scheme: 227 Fortunate Farmers Receive Keys

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The Pakpattan District farmers are also reaping the benefits of the government’s green tractor scheme, per the Special Instructions of Punjab Chief Minister Maryam Nawaz Sharif.
Two hundred and twenty-seven lucky farmers in the Pakpattan District have received green tractor keys.

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The goal of the 300 scholarships available to Bangladeshi students is to improve educational ties between Bangladesh and Pakistan.

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The Pakistan-Bangladesh Friendship Scholarship Program, which offers 300 fully funded scholarships to Bangladeshi students, was introduced by Pakistan.

LUMS, Comsats, and NUST are among the top Pakistani universities that support the plan, which was discussed at the Ministry of Federal Education and Professional Training.

Officials urged universities in Bangladesh to advertise the initiative through events and an online site during a recent meeting.

The goal of the scholarships is to strengthen cultural ties and educational exchanges between the two nations.

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