During the ceremony, Rs53 million prizes were distributed among 1,007 winners through balloting on QR Code Receipt generated through Point of Sale (POS) here at the FBR headquarters
Economy
The ex-depot price of petrol has been set at Rs159.86 per litre instead of Rs147.83 per litre, an increase of Rs12.03 per litre or 8.14 percent. The petrol duty was raised from Rs13.92 to Rs17.92 per litre.
The premier said that it is a way to improve saving rates and tax to GDP ratio in order to lead the country towards progress.
Meanwhile, further hike in electricity prices will occur as a result of the IMF and World Bank’s desire to eliminate power sector subsidies in Phase II of the Subsidy Reform.
Inadequate performance and poor corporate governance in Pakistan’s SOE sector, according to the IMF, pose considerable fiscal concerns.
Remittance inflows during the first seven months of FY22 have mainly been sourced from Saudi Arabia, UAE, UK and USA. Saudi Arabia’s share in overall inflows is about 25 percent.
Pakistani expatriate Arifa, 47, Indian national Shabbir, 36, and Filipino expat Merrick, 59, all committed to pay it forward and spread kindness.
The tenor for this loan’s return is one year and it has to be paid in a single tranche under the “Rules and Laws of the Kingdom of Saudi Arabia,” but Finance Minister said the repayment period can be extended through bilateral negotiations.