Wednesday, September 2, 2026 · Petrol Rs 342.79 · USD/PKR 277.50 · Gold Rs 466136/tola
Breaking
Militant Attacks Increase but Fatalities Decline in August Amid Sustained CT Pressure: Think Tank Pakistan to Provide First Secretary General of Makkah Defence Alliance Shehbaz Sharif Tells SCO Summit Water “Must Never Be Weaponised” Xi, Putin and Modi Join SCO Plus Summit in Bishkek as Pakistan Takes Chair Shehbaz Sharif Takes SCO Chair for 2026-27; Islamabad to Host Next Summit Shehbaz Sharif Proposes SCO Framework for Sovereign AI Infrastructure Cancelled in 2024 Gold Rate in Pakistan Falls Rs1,800 a Tola as Petrol Rises 77 Paise Pakistan Send Home Seven Players and the Coach; Mickey Arthur Calls It “Ridiculous” US Firm to Take Over Venezuela Oilfields Run by Chinese, Russian Companies Maryam Nawaz Orders Dedicated Motorcycle Lanes on Major Lahore Roads Brent Crude Holds Above $91 as Hormuz Supply Risk Returns India Firecracker Blast Kills 11, Eight of Them Children; Licence Was Cancelled in 2024 Nepal-China Flood Death Toll Passes 1,000 With 4,462 Still Missing Rawalpindi Schools Closed as 201mm Rain Breaks a 16-Year Record Ishaq Dar Meets Araghchi at SCO Summit, Presses Islamabad MoU Gold Rate in Pakistan Today Holds at Rs467,936 a Tola as Fuel Prices Stay Put Seven Working Days Pakistan Food Inflation Splits: Flour Up 45pc, Chicken Down 24pc Pakistan, Saudi Arabia Set $3bn Farm Export Target for Two Years

Articles for tag: daily pricing, deregulation, Diesel, fuel, mechanism, ogra, Oil price, Pakistan, Petrol, Petroleum

July 20, 2026

Frontpage.dev

Daily Ausaf

Pakistan Petrol Price Falls on Day 3 of Daily OGRA Mechanism; First Downward Revision Shows System Works Both Ways

Pakistan's daily OGRA petroleum pricing mechanism delivered its first downward revision on July 20, its third day of operation, as international oil prices softened relative to the seven-day average that governs the formula. Petrol fell from Rs316.15 to approximately Rs310.71 per litre. The fall contradicts the narrative of critics who described the daily mechanism purely as a vehicle for price increases — and demonstrates the symmetric design of the system — but the government's initial notice covered only July 18–20, and a fresh notification is now required for July 21.

October 19, 2025

News Desk

Pakistan is revising trade exchange mechanism with Iran, Russia and Afghanistan

Trade-in period extended from 90 to 120 days. Private companies are allowed to form commercial joint ventures. The ECC approved amendments to the mechanism earlier this month. Pakistan has implemented a revised Business-to-Business (B2B) Mechanism with Iran, Russia and Afghanistan following key amendments aimed at making bilateral trade more business-friendly. The Ministry of Commerce issued a notification, which eased several conditions for barter trade with the three countries. The requirement for mandatory exports before imports has been relaxed, allowing simultaneous import and export transactions. Private actors have also been allowed to form trade facilitation consortiums under the revised framework. The

January 8, 2025

News Desk

Questions raised about the green bond mechanism

Listen to the article Islamabad: Finance Minister Muhammad Aurangzeb has raised concerns over the Water and Power Development Authority’s (Wapda) green bond mechanism, which lacks provisions to mitigate the government’s liabilities and its fallout. The finance minister said the same mechanism, created for Wapda’s green bond, was being used for the Pakistan Social Impact Bond (PSIB) to be floated to generate funding for the National Vocational and Technical Training Commission (NAVTTC). The Economic Coordination Committee (ECC) has reached agreement that raising debt through PSIB without a solid business plan would not be an appropriate course of action. At a recent

November 24, 2024

News Desk

Ethan Slater shares coping mechanism after backlash over Ariana Grande romance

Ethan Slater and Ariana Grande Reportedly Met on the Set of ‘Wicked’ Ethan Slater is a young man who has received enormous attention and scrutiny surrounding his personal and private life. Slater stars Bad along with his girlfriend Ariana Grande, Cynthia Erivo, Jonathan Bailey and Jeff Goldblum. The actor faced intense backlash online when he and Ariana started dating. He talked about how he deals with the attention during his appearance on Just for variety podcast. “My therapist, for sure. He’s been really helpful,” Slater said of how he deals with scrutiny. “At the end of the day, what’s so

June 11, 2024

News Desk

SBP will strengthen payment mechanism for small and medium enterprises

KARACHI: The State Bank of Pakistan (SBP) has directed commercial banks to adopt digital supply chain finance (DSCF) solutions to support small and medium enterprises (SMEs). The central bank has instructed commercial banks to develop and implement these DSCF solutions within six months. DSCF is a solution that helps businesses maximize their cash flow by extending the payment terms they give their suppliers, while giving their suppliers the ability to get paid sooner. As a result, both the buyer and the provider benefit. This initiative aims to improve SMEs’ access to finance. In addition, it will enable effective use of

May 25, 2024

News Desk

How will digital payment mechanism work in cattle markets?

A man feeds cattle at the cattle market on the outskirts of Karachi on June 19, 2023. — AFP KARACHI: With street crimes on the rise ahead of Eid ul Adha, the State Bank of Pakistan (SBP) is all set to introduce a QR code payment mechanism in cattle markets across the country, a move that will help people and traders make payments securely. The digital payment mechanism aims to curb cash transactions and promote financial inclusion in a market estimated to be worth Rs 550-600 billion during the festival. SBP is working with 25 banks to enable QR code

March 26, 2024

News Desk

OCAC supports the old price mechanism

Islamabad: The oil industry has called for a return to the old methodology of revising prices based on the current value of the dollar indexation. In a letter to the Chairman of the Oil and Gas Regulatory Authority (Ogra), the Oil Companies Advisory Council (OCAC), a lobby group of oil industry players, called for the restoration of the old mechanism where the current dollar rate was taken into account. . “We write about the exchange rate calculation methodology used to calculate fortnightly oil prices. Our request is to return to the previous methodology, thus returning to a simpler and clearer

February 17, 2024

News Desk

The cabinet is not satisfied with the drug pricing mechanism

Islamabad: The federal cabinet has observed that the drug price regulatory mechanism has become ineffective and exploitative amid credible allegations of endemic corruption, with the health ministry labeling the 2018 Drug Pricing Policy unfair as it ensured “extraordinary profits” for the pharmaceutical industry. These concerns were shared by cabinet members in a meeting on December 13, 2023, while considering the approval of the hike in maximum retail prices (MRPs) of 262 drugs in the Hardship category as recommended by the Drug Pricing Committee (DPC) in the 56th and 57th meetings. The ministers were of the view that the pharmaceutical industry

November 18, 2023

News Desk

Pakistan calls for mechanism to protect Palestinians

UNITED NATIONS: Pakistan, on behalf of a group of 17 countries, called on the United Nations to “urgently” establish a mechanism to ensure the protection of Palestinian civilians subjected to relentless shelling in Gaza by the Israeli military and to step up efforts to promote a peaceful solution to the conflict in the Middle East. “The people of Gaza are desperately looking to the UN to save them from further death and destruction being inflicted on them with impunity,” Ambassador Munir Akram told the UN General Assembly at an informal meeting held to discuss the dire situation in the besieged

October 31, 2023

News Desk

FBR does not have a standardized property valuation mechanism: FTO

View of apartment buildings in Karachi. — Reuters/File The report highlights the FBR’s inability to generate significant revenue. Significant anomalies, inconsistencies, deviations were found. FBR says FTO had no jurisdiction over immovable property. ISLAMABAD: The Federal Tax Ombudsman (FTO) has exposed the failure of the Federal Board of Revenue (FBR) to come up with a standardized property valuation mechanism aligned with fair market value, particularly in large urban cities where properties worth trillions of rupees, he said The news. This FTO report highlights the FBR’s inability to generate significant revenue in this critical sector. Furthermore, the FTO findings also stated

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
Powered by: Frontpage.dev
WP Twitter Auto Publish Powered By : XYZScripts.com