Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

13% cut in POL prices: Transporters reject 20% reduction in fares

byCustoms Today Report
02/01/2015
in Business
Share on FacebookShare on Twitter

KARACHI: Despite 13 per cent reduction in petroleum, oil & lubricant (POL) prices, the public transporters in metropolis have rejected the government’s demand of slashing 20 per cent fares.

The Sindh Transport Department has issued a notification to all transporters for reducing fares by 20 percent after reduction in petroleum prices. However, the transporters said that the public transport vehicles were operating on CNG and their prices were still same.

You might also like

Weekly inflation rises 0.15pc, annual rate reaches 9.11pc

15/08/2026

SECP establishes Shariah-Compliant Brokerage Segment, approves 33 Islamic Windows

13/08/2026

Karachi Transport Ittehad President Irshad Bukhari said that the most of the public buses used CNG but their fares were calculated on the basis of diesel consumption. He said there had been no change in CNG prices so it was unlikely that the transporters would follow the government’s directive for fare reduction.

However, he said, an emergency meeting of transporters’ organisations had been called on Friday (today) to discuss the matter further.

According to the notification issued by the transport department, the fare for air-conditioned coaches and HiAce vans has been decreased to Rs1.40 per kilometre, while the rate of non-air-conditioned vehicles has decreased from 82 paisas per kilometre to 75 paisas.

According to an agreed-upon formula of gradual decrease in fares up to 20 percent between the government and transporters as mentioned in the notification, there will be an eight percent reduction in goods’ transport fares to help decrease the prices of daily commodities such as edible items.

Related Stories

Weekly inflation rises 0.15pc, annual rate reaches 9.11pc

byCT Report
15/08/2026

ISLAMABAD: Pakistan’s weekly inflation increased by 0.15%, pushing the annual inflation rate to 9.11%, according to the latest report released...

SECP establishes Shariah-Compliant Brokerage Segment, approves 33 Islamic Windows

byCT Report
13/08/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in a major breakthrough, has succeeded in establishing a dedicated Shariah-compliant...

TPL Life expands Mobilink Bank partnership to offer Shariah-compliant insurance plans

byCT Report
12/08/2026

KARACHI: TPL Life Insurance Limited has expanded its strategic partnership with Mobilink Microfinance Bank Limited (Mobilink Bank) to introduce unit-linked...

Neelum-Jhelum project unlikely to generate electricity before 2028

byCT Report
11/08/2026

ISLAMABAD: The Neelum-Jhelum Hydropower Project is unlikely to resume electricity generation before 2028, with repair work on the 979-megawatt facility...

Next Post

iBall Andi4L Pulse first Smartphone in company's line-up to run Windows Phone 8.1 at Rs. 4,899

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.