Public and transporters stood against recent CNG prices hike today in Pakistan

Today in Pakistan the transporters were mostly on strike against the recent Rs. 13 per KG increase in CNG price. As well as the CNG filling stations observed the strike all over country. People who in the morning came out of their homes to go to offices, after not finding any public transport ended up gathering in form of protests. They blocked roads and registered their protests against recent CNG price increase by government. In capital Islamabad and its twin city Rawalpindi alone on many many places people registered the protests, the traffic of twin cities was total mess and more than 60% of even those people who own private conveyance were not able to reach work. Availability of fuel […]

Power tariff to be raised 2 percent every month

A meeting held with IMF officials in Islamabad. IMF have criticized the progress of our government in raising the taxation and power tariff over recent past. 35 percent power tariff hike was to be adjusted in this year’s power tariff increase, now this will be adjusted by adding 2% of power tariff hike every month. Already past month have seen such 2% hike and 2% for this month as well will be added this month. This will continue till next eight months and policy is to be revised in next budget. Continues power tariff hike is no good for the country, as this means continues inflation as production costs of all goods depend on power. Power tariff goes up, production […]

Petroleum product sales on halt, prices hit the top

Prices hit the top, may not be technically correct because you can expect more from current administration but one thing for sure, this is gonna be hurting the economy much more. Also unlike the last the last government which was giving subsidy this one is earning lots of bucks per gallon. If one is sure that the money is going into the national reserves and being used correctly this sounds much fair. But there is no info ever released where this all money going. Is it being used for the betterment of people of Pakistan. The news here is that the petroleum prices increased, petrol price increased Rs. 6.10 per litter similarly prices of other products also increased similarly. Diesel […]