Finance Minister Ishaq Dar introduced on Tuesday that there can be no change within the costs of petroleum merchandise for the following fortnight until November 30.
“The government has decided, after permission from Prime Minister Shehbaz Sharif, that there will be no increase in any petroleum products. All the items, petrol, diesel, light diesel oil and kerosene […] their prices will remain unchanged from Nov 16 to Nov 30,” he stated in a press convention in Islamabad.
The present costs for petrol are Rs224.80 per litre, Rs235.30 for HSD, Rs186.50 for LDO and Rs191.83 for kerosene. On October 30, too, the federal government had determined to maintain the petrol costs unchanged.
Throughout his temporary media discuss right this moment, Dar additionally stated that the State Financial institution of Pakistan and the Nationwide Financial institution of Pakistan had submitted functions to the Supreme Courtroom requesting to withdraw their appeals towards the Federal Shariat Courtroom’s (FSC) path to the federal government for an entire transformation of the banking system into Shariah-compliant banking by December 2027.
Earlier this yr, the FSC had dominated that the federal authorities and provincial governments should amend related legal guidelines and issued directives that the nation’s banking system ought to be freed from curiosity by December 2027.
Industrial banks and the central financial institution had subsequently filed an enchantment earlier than the Supreme Courtroom (SC) difficult the FSC verdict.
Nevertheless, final week, Dar had stated that the SBP and NBP would withdraw their appeals, including that the federal government would shortly attempt to implement Islamic banking system within the nation.
Updating on the matter right this moment, he stated: “Both of the applications have been submitted in the apex court.”