PTI govt plans to launch Ehsaas Petrol Card for middle class people 

10:43 AM | 28 Jan, 2022
PTI govt plans to launch Ehsaas Petrol Card for middle class people 

ISLAMABAD – The federal government plans to launch Ehsaas Petrol Card for motorcyclists to enable them to buy petrol at a subsidised rate.

According to an official announcement made here on Thursday, Federal Minister for Finance and Revenue Shaukat Tarin chaired the meeting of the Macro-Economic Advisory Group (MEAG) at the Finance Division.

Three points came under discussion, including ideas to support middle-class against high inflation. 

The meeting considered proposals like subsidised fuel, tax reliefs, rise in income/minimum wages, internships (for educated unemployed), economic reforms especially in the energy sector, and finally build further on the growth momentum with 5.6% GDP growth, 15% rise in exports, over 10% increase in remittances and record tax collection by building up further business confidence and remove bureaucratic hurdles, and ensure maintenance of consistent policies.

According to the media reports, the government also intends to raise the pay of public sector employees in the upcoming fiscal year 2022-23 budget.

However, there is no consideration for monetising bureaucratic perks and privileges, despite a report from the Pakistan Institute of Development Economics (PIDE) revealing that top bureaucrats in Pakistan are more paid and privileged than United Nations employees.

In a recent statement, Prime Minister Imran Khan hinted at granting market-based salaries, but only to raise the question as to why luxury houses, cars, gasoline, and number of other allowances — that count in perks and privileges — were being abolished and made part of take-home salary.

The meeting hashed out the core macroeconomic indicators of Pakistan’s economy. MEAG members expressed satisfaction over the progress of the economy.

As sustainable macro-economic stabilisation is imperative, therefore consideration to challenges and respective measures for dealing with rising global prices were discussed.

Moreover, various effective measures for providing relief to the public especially the urban middle class came under discussion during the meeting. Pragmatic solutions were also analysed for dealing with these issues along with maintaining the growth momentum in the economy.

Meanwhile, Tarin also presided over the meeting of the Steering Committee of Kamyab Pakistan Programme (KPP).

Chairman NPHDA, President Bank of Punjab, Chairman SECP, Founder of Akhuwat Foundation, Dr Amjad Saqib, and senior officers attended the meeting.

A detailed presentation was given to the Finance Minister on the progress of Kamyab Pakistan Programme.


Pakistani rupee inches up against US dollar, Euro, Pound, Riyal and Dirham; Check latest rates here

Pakistani rupee witnessed upward trajectort against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Wednesday, the US dollar moved down and was being quoted at 283.7 for buying and 286.75 for selling.

Euro remained stable at 309 for buying and 312 for selling. British Pound rate increased to 361 for buying, and 364 for selling.

UAE Dirham AED dropped to 77.6 whereas the Saudi Riyal rate stands at 76.

Today's currency exchange rates in Pakistan - 6 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.7  286.75 
Euro EUR 309  312 
UK Pound Sterling GBP 361  364 
U.A.E Dirham AED 77.6 78.3
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 758.58 766.58
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.41 41.81
Hong Kong Dollar HKD 36.49 36.84
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 923.13 932.13
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.36 79.06
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Thai Bhat THB 8.09 8.24

Gold price sees major drop in Pakistan; Check today gold rates - 6 Dec 2023

KARACHI – Gold prices in the local market continue to decline in line with the international market.

Gold Rates in Pakistan Today - 6 December 2023

On Wednesday, the price of a single tola of 24-karat gold stands at Rs219,400 and 10 grams of 24k gold costs Rs188,100. 

Each tola for 24 karat is Rs216,700, 22 Karat is Rs198,640, and 21 karat rate per tola is Rs189,613 and 18k gold rate is Rs162,525.00 for single tola.

In the global market, the precious metal moved down, and hovers around $2023 per ounce after drop of around $10.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 219,400 PKR 2,625
Karachi PKR 219,400 PKR 2,625
Islamabad PKR 219,400 PKR 2,625
Peshawar PKR 219,400 PKR 2,625
Quetta PKR 219,400 PKR 2,625
Sialkot PKR 219,400 PKR 2,625
Attock PKR 219,400 PKR 2,625
Gujranwala PKR 219,400 PKR 2,625
Jehlum PKR 219,400 PKR 2,625
Multan PKR 219,400 PKR 2,625
Bahawalpur PKR 219,400 PKR 2,625
Gujrat PKR 219,400 PKR 2,625
Nawabshah PKR 219,400 PKR 2,625
Chakwal PKR 219,400 PKR 2,625
Hyderabad PKR 219,400 PKR 2,625
Nowshehra PKR 219,400 PKR 2,625
Sargodha PKR 219,400 PKR 2,625
Faisalabad PKR 219,400 PKR 2,625
Mirpur PKR 219,400 PKR 2,625


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