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Petrol price down Rs5, diesel up Rs3.50 PDF Print E-mail
Written by Harris Badar   
Monday, 15 September 2008

ISLAMABAD: The government of Pakistan has revised petroleum prices whereby petrol price has been slashed by Rs5 per litre while rates of High Speed Diesel and koresene oil have been raised by Rs3.5 per litre.

The new petroleum prices will remain effective for next 15 days. According to sources, the government is still giving a subsidy of Rs. 10 per litre on diesel.

The new prices, which will be effective from Tuesday, will help cut gross subsidy to 2.6 billion rupees in the current fortnight, from 4 billion rupees in the one before.
ISLAMABAD: The government of Pakistan has revised petroleum prices whereby petrol price has been slashed by Rs5 per litre while rates of High Speed Diesel and koresene oil have been raised by Rs3.5 per litre.

The new petroleum prices will remain effective for next 15 days. According to sources, the government is still giving a subsidy of Rs. 10 per litre on diesel.

The new prices, which will be effective from Tuesday, will help cut gross subsidy to 2.6 billion rupees in the current fortnight, from 4 billion rupees in the one before.

But on petrol, the government has been making Rs. 19.65 as petroleum development levy. The government has decided to pass on benefit to the consumer after a major drop in the international crude oil prices.
 
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Pak-Afghan Joint Economic Commission concludes

KABUL (Afghanistan): The 7th meeting of Pakistan-Afghanistan Joint Economic Commission concluded in Kabul on Wednesday with a pledge to bolster and explore avenues in trade and economic cooperation for the benefit of the people of the two countries.

The meeting was followed by the joint press conference addressed by Shaukat Tarin, Adviser on Finance, Government of the Islamic Republic of Pakistan, and Anwarul Haq Ahadi, Finance Minister of the Islamic Republic of Afghanistan.

The delegations of the two countries discussed in detail trade, economic coordination, Pakistan’s assistance for reconstruction in Afghanistan, and cooperation between the businessmen of the two countries, says a message received here from Kabul.

Both sides expressed satisfaction over the level of bilateral trade between the two countries and emphasized to explore further areas of cooperation in trade and economic sectors.

They also discussed the future avenues available to the two countries to act as a bridge between Central and South Asia.

The meeting discussed various aspects of Afghan Transit Trade Agreement, including mutual transit facilities to both the countries and making arrangements for expediting the carriage of goods in shortest possible time and removing hurdles in the smooth flow of trade and services.

On conclusion of the negotiations, Shaukat Tarin, Adviser on Finance and Anwarul Haq Ahadi, Finance Minister signed the agreed minutes of the Joint Economic Commission meeting.

Earlier, Adviser on Finance Shaukat Tarin paid a courtesy call on the President of the Islamic Republic of Afghanistan, Hamid Karzai at the Presidential Palace.

He conveyed to the President the messages of goodwill, and friendship from the president and the Prime Minister of Pakistan, President; Karzai noted with satisfaction the friendly relations with Pakistan and reiterated that he had full confidence in the leadership of President Asif Ali Zardari and the democratically elected government of Pakistan.

President Karzai also urged the economic teams of both the countries to work for enhancing the bilateral trade by making use of the geography of Pakistan and Afghanistan which could serve as a bridge between Central Asia and South Asia.

Shaukat Tarin also held separate meetings with Afghan Foreign Minister, Dr. Rangin Dadfar Spanta and Finance Minister Dr. Anwarul Haq Ahadi.

The Afghan Chambers of Commerce and Industry (ACCI) hosted a lunch in honour of Pakistan’s Adviser on Finance and his delegation. Prominent businessmen

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