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Nationwide shutdown of petrol pumps expected on Friday

08:31 PM | 4 Jul, 2024
petrol pump protest

The Pakistan Petroleum Dealers Association (PPDA) has declared a nationwide shutdown of 13,000 petrol pumps on Friday, July 5, in protest against the imposition of an advance turnover tax by the government.

Chairman of the Pakistan Petroleum Dealers Association, Abdul Sami Khan, stated that the strike is a direct response to the government's implementation of a 5% advance turnover tax, which the association views as detrimental to their operations. Negotiations between the government and petroleum dealers earlier this week failed to reach a resolution on the matter.

Abdul Sami Khan emphasized that the decision to observe a nationwide strike from 6 AM on Friday aims to send a clear message to the government. He further clarified that the strike duration could extend beyond a single day if the government does not retract the advance turnover tax.

"This strike is our last resort until the government withdraws the advance turnover tax," stated Abdul Sami Khan.

The advance turnover tax, imposed by the government recently, has sparked significant discontent among petroleum dealers across Pakistan. The PPDA argues that the tax adversely impacts their profitability and operational viability. They have underscored that unless the government reverses its decision, no further negotiations will take place.

This move is expected to significantly impact the availability of petroleum products across the country, potentially affecting daily commuters and industries reliant on uninterrupted fuel supply.

The Ministry of Energy has not issued a formal response to the impending strike as of yet.

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 7 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 7, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.65 for buying and 280.65 for selling on last day of the week.

Euro's buying rate moves up to 294.3 and selling rate is 297.8 while British Pound rate is 350.5 for buying, and 353.5 for selling.

UAE Dirham AED was at 75.05 and Saudi Riyal increased to 73.40.

Currency Symbol Buying Selling
US Dollar USD 277.65 280.65
Euro EUR 294.30 297.80
UK Pound Sterling GBP 350.50 353.50
U.A.E Dirham AED 75.05 75.85
Saudi Riyal SAR 73.40 74.20
Australian Dollar AUD 182.25 184.00
Bahrain Dinar BHD 740.12 748.12
Canadian Dollar CAD 202.90 204.90
China Yuan CNY 38.25 38.65
Danish Krone DKK 40.03 40.43
Hong Kong Dollar HKD 35.60 35.95
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.90 1.98
Kuwaiti Dinar KWD 907.61 916.61
Malaysian Ringgit MYR 58.89 59.69
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.34 77.04
Singapore Dollar SGD 202.15 204.15
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 309.11 311.61
Thai Bhat THB 7.57 7.72

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