ISLAMABAD: The International Monetary Fund’s (IMF) representative stated on Tuesday that Pakistan has completed the final prior action required for the IMF agreement’s seventh and eighth review by increasing the Petroleum Development Levy (PDL).
The resident representative, Esther Perez Ruiz, issued a statement, stating that ‘with the increase in PDL on July 31, the final requirement for the seventh and eighth review has been met. The Executive Board meeting will be tentatively held in late August once adequate financing assurances are confirmed.’
The government had increased the rate of PDL on all products on 31st July to meet the IMF’s outstanding pre-condition for the agreement.
Petrol prices were reduced by Rs3.05 per litre while the rates of high-speed diesel (HSD) and kerosene were increased by Rs8.95 and Rs4.62 per litre, respectively.
According to the Finance Ministry, the PDL levy was raised by Rs10 on petrol and by Rs5 each on HSD, kerosene and light diesel oil (LDO).
ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…
ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…
DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…
ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…
Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…
ISLAMABAD: CDA Chairman Muhammad Ali Randhawa has directed the immediate restoration of 23 non-functional water…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
