Finance Minister Ishaq Dar on Monday announced that there would be no change in the prices of petroleum products for the next fortnight.
\n\u201cThe government has decided that the prices of petroleum products at this moment, from Oct 16, will be maintained for the next 15 days. There will be no change in them,\u201d he said in a press conference in Islamabad.
\nThe current prices for petrol are Rs224.80 per litre, Rs235.30 for HSD, Rs186.50 for LDO and Rs191.83 for kerosene. On October 15, too, the government had decided to keep the petrol prices unchanged.
\nDuring his brief media talk today, Dar noted that today was the last day to file tax returns. \u201cBut since it got a lot of representation from different groups, we have decided to extend the date to Nov 30,\u201d he said.
\nThirdly, the finance minister said that there were around 8,000 cases of suspended letters of credit (LCs) two weeks back. \u201cPreviously, the government had announced that LCs and payments of up to $50,000 would be released.
\n\u201cI had a meeting with the SBP (State Bank of Pakistan) governor today and we have decided, with the involvement of SBP, that we will increase this amount to $100,000. The SBP will start clearing them tomorrow,\u201d Dar said.
\nHe added that 4,400 out of 8,000 LCs had been cleared and the new move would further clear 1,365 cases.<\/p>\n","protected":false},"excerpt":{"rendered":"
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