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Proposal to smuggle diesel foiled by Customs

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8 months ago

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The information stated that various cars were being used to transport the illegal commodities, which included diesel and other illegal things.

The Customs team, under the direction of Collector Basit Maqsood, retrieved the contraband after stopping two trucks at the Northern Bypass and Hamdard Chowk, according to the statement.

Among the products that were being smuggled into Karachi were items of foreign origin, such as diesel and other items. The customs authorities have started an investigation into the case and taken action against the smugglers.

Previously, Pakistan was losing about $35.6 million a day due to the smuggling of about 4,000 tonnes of oil, according to the Oil Companies Advisory Council (OCAC), an organization that represents the oil industry.

The OCAC demanded a nationwide crackdown on oil smuggling in a letter to the secretary of petroleum.

The council requested that laws prohibiting the smuggling that was interfering with the commodity’s supply chain be passed by the government and the Oil and Gas Regulatory Authority (Ogra).

The country’s sales of gasoline and diesel fell 6.5% in the first eight months of the fiscal year 2023–24 compared to the same period the previous year, according to the OCAC.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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6 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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6 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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6 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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