Will be accumulated for one year and Pakistan will pay 4% annual profit to Saudi Arabia on this amount The SBP has received 3 billion in Saudi deposits, for which we are grateful to Saudi Crown Prince Mohammed bin Salman the finance adviser said.
It may be recalled that Saudi Arabia had promised to keep three billion dollars in the State Bank of Pakistan which would be deposited for one year and Pakistan would pay four percent annual profit to Saudi Arabia on this amount.
The price of crude oil has risen in the world market. According to international media the global economy has once again come under the influence of Corona, a few days ago in the world market where crude oil prices were between 80 and 85 85 per barrel, which has dropped significantly.
West Texas Intermediate is trading a 71.34 a barrel, while London Brent crude is trading at 75.53 a barrel.
It should be noted that until a few days ago, countries around the world were in the grip of high prices due to the rise in crude oil prices in the world market. Despite this, crude oil prices could not be reduced.
While the recent sharp fall in crude oil prices has threatened to hurt the global economy, the good news for Pakistan is that it could lead to a drop in petrol prices in the country.
Pakistan Telecommunication Authority PTITMTR has been reduced after full consultation with the telecom industry. From January 1, 2022, the mobile termination rate has been reduced from Rs 0.70 per minute to Rs 0.50 per minute. MTR has been reduced. Customers will be able to take advantage of more competitive and innovative offers like Free Mint of Net Bundles.
The PTA says that the low rates of net calls will also be beneficial for the market as small operators will also benefit from payments made to large operators.
The consultation paper released in July 2021 found that the current MTR in Pakistan exceeds the benchmarking results of the prevailing MTRs in the region.
Requests for review of current termination rates were received from telecom operators. MTR is set for long and international calls.
According to PTA, from January to June 2022, MTR will be Rs 0.50 per minute. From July 2022 to June 2023, MTR will be Rs 0.40 per minute. After July 2023, MTR will be Rs 0.30 per minute.
Sui Northern has submitted a request to OGRA to increase the price of gas.OGRA has requested to increase the price of gas by Rs. 907 to 75 paise per MMBTU. The petition has been filed in respect of revenue requirements of the current financial year while OGRA will hear the petition of Sui Northern on … Read more
According to a foreign news agency, US President Joe Biden has ordered the release of 50 million barrels of oil from the US strategic oil reserves. According to the White House, the United States will release oil in two phases, 32 million barrels in the first phase and 18 million barrels in the second phase. … Read more
Talking to media along with Federal Minister for Energy Hamad Azhar, Finance Advisor Shaukat Tareen said that talks have been agreed between Pakistan and IMF. He said that discussions were being held with the IMF but this one staff agreement has been successfully concluded. They have given us. Shaukat Tareen said that the IMF has … Read more
Savings bank account profits were also increased following the rise in interest rates in monetary policy. According to the SBP, the rate of return on savings accounts has been increased by 1.50% from December 1. The rate of return on savings accounts of banks has been increased to 7.25%. In case of unresolved issue, the … Read more
In a statement issued by the SBP, the MPC has decided to increase the policy rate by 150 basis points to 8.75%.The decision reflects the view that risks to inflation and balance of payments have increased since the last meeting, while the growth outlook has improved. The SBP as the risks are shifting from growth … Read more
Addressing a function at the Chambers of Commerce, Finance Advisor Shaukat Tareen said that 60 per cent of the country’s population is under 30 years of age. Of these, 200,000 were eligible. He said that they are focusing on the development of small and medium scale industries. If the successful youth program is used properly, … Read more
Sugar prices surpass petrol in most parts of PakistanThe new price of sugar has skyrocketed. Record rise in sugar prices is being witnessed across the country. Wholesale price of sugar is Rs 150 per kg in most parts of the country while sugar is being sold at Rs 160 per kg in retail. Has no … Read more