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June 16 will mark the start of another significant decline in Pakistan’s petrol prices.

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Petrol prices are predicted to drop by around Rs9 and HSD by Rs5 per litre in the next fortnightly review on June 15.

In the last two weeks, the price of gasoline and HSD has reportedly decreased by around $3.75 and $2.7 per barrel, respectively, on the global market.
On Friday, oil prices decreased as investors assessed the potential effects of longer-than-expected increases in U.S. interest rates.

At $82.33 a barrel, Brent crude futures saw a 0.5% decrease of 42 cents. WTI U.S. crude futures saw a loss of 51 cents, or 0.7%, to trade at $78.11 per barrel.

Increase in projected fuel and diesel taxes

In the meantime, a major rise in the petroleum levy on petroleum products was planned by the federal government led by the PML-N.

The government has suggested a 33 percent increase in gasoline and diesel prices, according to Federal Minister of Finance and Revenue Senator Muhammad Aurangzeb, who presented the federal budget for the fiscal year 2024–25.

The proposal also called for a fifty percent rise in the tax on light diesel, high-octane gasoline, and ethanol. High-octane, light diesel, and ethanol would all carry a 50 rupee fee per litre upon proposal acceptance.

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Iranian President Offers Condolences for Kurram Terrorist Attack

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Masoud Pezeshkian, the president of Iran, has expressed his sorrow for the recent terrorist assault in Pakistan that claimed dozens of lives and denounced the crime.

The Iranian president said that all types of terrorism must be denounced in a statement. In addition to the relatives of the attack victims, he sent his sympathies to the people and government of Pakistan.

“I will stand by its friendly and brotherly country, Pakistan, and will seriously pursue the fight against terrorism to enhance security and stability in the region,” he added.

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It’s unfortunate that political points were scored. Claims Against Saudi Arabia Show a Desperate Attitude: Dar

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According to Senator Mohammad Ishaq Dar, the deputy prime minister and foreign minister, accusing Saudi Arabia of gaining political points is a sign of a desperate attitude.

In response to the PTI founder’s spouse’s remarks on Saudi Arabia, the Deputy Prime Minister stated, “Pakistan and Saudi Arabia are close friends and brothers.”

According to Dar, Saudi Arabia’s path of growth and prosperity is something they greatly admire. The nation of Pakistan takes pride in its strong ties with Saudi Arabia, which has supported it no matter what.

He said it is unfortunate and shows a desperate attitude to “implice Saudi Arabia for petty political point scoring.”

In order to prevent any political forces from jeopardizing Pakistan’s foreign policy, the deputy prime minister of their political objectives.”

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Examining Drug Mafia: Balochistani Smuggling Operation Started

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Two drug dealers were detained and an international narcotics deal was thwarted in Balochistan by government institutions.

A significant amount of crystal ice was taken from the individuals who were arrested.

The 70 kg of illegal goods that were found are valued about $1 million on the global market.

The arrested person’s cell phone also yielded contact information for the international drug gangs from Afghanistan and Britain.

The Pakistan Security Forces are dedicated to making the nation drug-free.

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