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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,767
624hr
Pakistan Cases
1,286,825
37224hr
0.82% positivity
Sindh
476,674
Punjab
443,453
Balochistan
33,506
Islamabad
107,887
KPK
180,316

BEIRUT: Lebanese President Michel Aoun said the government treasury will bear the cost of the continuation of fuel subsidies that was decided on Saturday.

The central bank said earlier that the government had decided to raise the exchange rate used to price fuel to 8,000 pounds to the dollar from the previous level of 3,900 to the dollar, effectively increasing fuel prices. The new exchange rate set for fuel imports remains, however, below the market rate of about 19,000 pounds to the dollar, which means a continuation of a policy to subsidise fuel.

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