Search

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.

Daily Pakistan Global Web Desk

Advertisement

Today Open Market Currency Rates in Pakistan - Rupee to US Dollar, Euro, Pound, Riyal - 25 May 2024

      
Pakistani currency rates against US Dollar and other currencies on May 25, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.15 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.35.

Today’s currency exchange rates in Pakistan - 25 May 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 280.15
Euro EUR 297 300
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.15 75.85
Saudi Riyal SAR 73.35 74.1
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.75 748.75
Canadian Dollar CAD 203 205
China Yuan CNY 38.47 38.87
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 907.57 916.57
Malaysian Ringgit MYR 59.39 59.99
New Zealand Dollar NZD 170.03 172.03
Norwegian Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.67 7.82

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter