{"id":9816,"date":"2022-08-04T14:00:03","date_gmt":"2022-08-04T14:00:03","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=9816"},"modified":"2022-08-04T14:00:03","modified_gmt":"2022-08-04T14:00:03","slug":"imf-condition-govt-mulls-changing-petrol-price-weekly","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/imf-condition-govt-mulls-changing-petrol-price-weekly\/","title":{"rendered":"IMF condition: Govt mulls changing petrol price weekly"},"content":{"rendered":"<p>IMF condition: Govt mulls changing petrol price weekly. The federal government, in view of demands of <a href=\"https:\/\/www.imf.org\/en\/Home\">International Monetary Fund<\/a> (IMF), is considering to regulate the petrol prices in the country on a weekly basis.<\/p>\n<p>According to sources privy with the development, the decision to regulate petrol prices on a weekly basis will be approved by the federal cabinet on Thursday.<\/p>\n<p>Sources have claimed that the government wants to shift the advantage of the change in international oil prices to the masses.<\/p>\n<p>The International Monetary Fund (IMF) on Tuesday said that Pakistan has fulfilled all previous actions by raising the Petroleum Development Levy (PDL) on petroleum products.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/uncategorized\/rupee-posts-historic-appreciation-against-us-dollar-recovers-by-rs9-59.html\">Rupee posts historic appreciation against US dollar, recovers by Rs9.59<\/a><\/strong><\/em><\/p>\n<p>The IMF representative said that Pakistan has fulfilled the pre-conditions for joint seventh and eighth reviews.<\/p>\n<p>This condition was fulfilled by increasing the PDL on July 31. Along with this, Pakistan has also completed the preliminary process for the seventh and eighth reviews.<\/p>\n<p>The IMF representative said that a board meeting would be convened once adequate financial assurances will be confirmed.<\/p>\n<p>The board meeting can be tentatively called on August 24.<\/p>\n<p>The representative said that the UAE, Saudi Arabia and China have given adequate financial assurance to provide the necessary financial support through the privatization process.<\/p>\n<p>The decision to regulate petrol prices on a weekly basis will be approved by the federal cabinet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IMF condition: Govt mulls changing petrol price weekly. The federal government, in view of demands of International Monetary Fund (IMF), is considering to regulate the petrol prices in the country on a weekly basis. According to sources privy with the development, the decision to regulate petrol prices on a weekly basis will be approved by [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":4237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[1247,427,160,138],"class_list":["post-9816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","tag-international-monetary-fund","tag-saudi-arabia","tag-imf","tag-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/9816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=9816"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/9816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/4237"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=9816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=9816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=9816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}