{"id":7487,"date":"2023-09-24T22:05:11","date_gmt":"2023-09-24T22:05:11","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/govt-hints-at-relief-in-biting-oil-prices-dollar-rate\/"},"modified":"2023-09-24T22:05:11","modified_gmt":"2023-09-24T22:05:11","slug":"govt-hints-at-relief-in-biting-oil-prices-dollar-rate","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/govt-hints-at-relief-in-biting-oil-prices-dollar-rate\/","title":{"rendered":"Govt hints at relief in biting oil prices, dollar rate"},"content":{"rendered":"<p><\/p>\n<div dir=\"auto\">\n<p>KARACHI: Having made petrol and diesel <a href=\"https:\/\/www.dawn.com\/news\/1776104\/records-smashed-as-petrol-diesel-rise-to-rs330litre\">costlier by 20 per cent<\/a> since it took over last mon\u00adth, the caretaker government on Saturday hinted at bringing the rates down at the next fortnightly rev\u00adiew and held out the assurance that efforts were underway to stabilise the economy.<\/p>\n<p>The remarks about fuel prices coincided with a pet\u00adition filed in the Sup\u00adr\u00ade\u00adme Court, seeking a declaration that the interim government is \u201cnot compe\u00adtent to increase the petroleum prices manifold\u201d.<\/p>\n<figure class=\"media  sm:w-1\/2  w-full  media--right  media--embed  media--uneven\">\n<p>    <iframe class=\"nk-iframe\" onload=\"setInterval(()=&gt;{try{this.style.height=this.contentWindow.document.body.scrollHeight+'px';}catch{}}, 100)\" width=\"100%\" frameborder=\"0\" scrolling=\"no\" style=\"height:400px;position:relative\" src=\"https:\/\/www.dawn.com\/news\/card\/1776288\" sandbox=\"allow-same-origin allow-scripts allow-popups allow-modals allow-forms\"><\/iframe><\/p>\n<\/figure>\n<p>Talking to reporters at the Karachi Press Club, Federal Minister for Inf\u00adormation and Broadcas\u00adting Murtaza Solangi shared reasons behind his optimism regarding petroleum prices.<\/p>\n<p>\u201cPetroleum prices dep\u00adend mainly on two fact\u00adors,\u201d he said in reply to a question about the measures taken by the government to check growing inflation.<\/p>\n<p>\u201cFirst, it\u2019s the oil prices which are set in the international market and second is the strength of our local currency as we make payments in US dollars. As of today, I see the rupee has gained strength [aga\u00adinst the dollar] due to administrative measures. On the basis of these facts, there are strong chances that prices of petroleum products could be reduced in the next announcement.\u201d<\/p>\n<p>Separately, caretaker Commerce Minister Dr Gohar Ijaz said efforts were being made to restore the country\u2019s economy.<\/p>\n<p>Addressing a presser along with Sindh Governor Kamran Tessori, Mr Ijaz said he discussed various issues during a three-hour meeting with the industrialists in the city.<\/p>\n<p>He said the caretaker prime minister had instructed the ministries concerned to address the problems being faced by the business community.<\/p>\n<p>\u201cOn the governor\u2019s invitation, I came to Karachi and the problems identified during the meeting with the industrialists will be brought to the prime min\u00adister\u2019s notice,\u201d he added.<\/p>\n<p>The governor said there would be economic stability soon as the army chief is fighting against \u201ceconomic terrorism\u201d alongside the border terrorism.<\/p>\n<p>He said that US dollar had gone up too much and claimed that it would soon be decreased to Rs250. \u201cEarlier, the dollar was not coming down, now its value has started to decrease.<\/p>\n<p><em>Published in Dawn, September 24th, 2023<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Having made petrol and diesel costlier by 20 per cent since it took over last mon\u00adth, the caretaker government on Saturday hinted at bringing the rates down at the next fortnightly rev\u00adiew and held out the assurance that efforts were underway to stabilise the economy. The remarks about fuel prices coincided with a pet\u00adition [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.dawn.com\/large\/2023\/09\/24071637ac3f97b.jpg?r=071821","fifu_image_alt":"","footnotes":""},"categories":[192],"tags":[],"class_list":["post-7487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-islamabad-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/7487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=7487"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/7487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/7488"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=7487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=7487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=7487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}