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After taxes in budget, fuel prices also jacked up | The Express Tribune

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ISLAMABAD:

After offering relief to consumers in the last three revisions of oil prices, the federal government increased the prices of petroleum products by up to Rs9.56 per litre on Sunday in view of fluctuations in the global fuel prices.

The new rates are taking effect on the first day of a tax-laden budget. According to a notification, the price of petrol was raised by Rs7.45 per litre, while the high-speed diesel (HSD) went up by Rs9.56 per litre.

The finance ministry issued the notification regarding the increase in petroleum product prices, saying that the new prices would take effect from Monday (today) and remain in place for the next 15 days.

The price of petrol had been increased from Rs258.16 to Rs265.61 per litre, while the price of HSD was increased from Rs267.89 to Rs277.49 per litre, according to the notification.

Sources said the price of light diesel had also been increased by Rs9.88 per litre, and the price of kerosene oil had been jacked up by Rs10.05 per litre.

The increase in petroleum product prices has been made based on the Oil and Gas Regulatory Authority’s (Ogra) recommendations and with the prime minister’s approval.

The increase announced in the budget for the petroleum development levy has not been included in these prices; rather the rise is due to the increase in oil prices in the international market.

The government is charging a Rs60 per litre petroleum levy on petrol and HSD, whereas they are exempt from the general sales tax (GST).

In case the government decides to raise the levy on both petrol and HSD by Rs5 per litre, the prices of petrol and HSD would go up further by Rs12.54 and Rs14.84 per litre, respectively.

The Finance Bill 2024 has proposed a maximum petroleum levy limit of Rs80 per litre, aiming to collect Rs1.28 trillion in the new fiscal year, up from the outgoing fiscal year estimates of Rs869 billion.

Over the past fortnight, international prices for petrol and HSD have surged by approximately $4.4 and $5.5 per barrel, respectively. Premium on petrol is calculated at $9.590 per barrel and $6.50 per barrel, same as the previous review.

HSD is widely used in the transport and agriculture sectors. Therefore, an increase in its price will have inflationary effects on consumers, who have been enjoying a relief due to cuts in the prices.

 

Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans Monthly Payments 
3 months Rs56,300
6 months Rs28,300
9 months Rs21,890
12 months Rs17,200
24 months Rs10,170
36 months Rs7,800

 

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Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

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Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

 

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Gold prices reach historic high in Pakistan – Pakistan Observer

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