Islamabad, July 22, 2024 – Deputy Prime Minister and Foreign Minister Ishaq Dar chaired a high-level meeting on Monday to discuss the welfare of overseas Pakistanis, deciding to reverse the recent policy suspending the issuance of passports to Pakistani nationals seeking asylum abroad.
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Pakistan Spends Rs 535 Billion on Mobile Phone Imports in FY24
Karachi, July 21, 2024 – Pakistan has recorded an unprecedented expenditure of Rs 535 billion on the import of mobile phones during the fiscal year 2023-24, as reported by the Pakistan Bureau of Statistics (PBS). This marks a substantial 291 percent increase from the Rs 137 billion spent in the preceding fiscal year.
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PM Shehbaz Orders Speedy Implementation of Chinese Pacts
Islamabad, July 20, 2024 – Prime Minister Muhammad Shehbaz Sharif on Saturday directed the concerned authorities to expedite the implementation of agreements and Memorandums of Understanding (MoUs) made with the Chinese government and companies. He emphasized that any delay in executing these agreements would not be tolerated.
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Sindh Announces Three New Routes for People’s Bus Service
The Sindh Transport Department has announced a significant expansion of the People’s Bus Service (PBS) in Karachi, Pakistan. This initiative aims to improve public transportation accessibility and connectivity for residents across the city, offering enhanced travel options through the introduction of new routes and extensions to existing services.
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CAD Shrinks by 80% to $681 Million in FY24: SBP
Karachi, July 19, 2024 – Pakistan’s Current Account Deficit (CAD) has dramatically narrowed by 80 percent, plummeting to $681 million in the fiscal year 2023-24, according to a report released by the State Bank of Pakistan (SBP) on Friday.
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Pakistan Railways Implements Fare Increase from Today
Starting today, July 19th, 2024, Pakistan Railways has implemented a strategic fare increase as part of its efforts to enhance service delivery and ensure the sustainability of the national railway network.
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Economic Risks Loom Large for Pakistan, Fitch Warns
Islamabad, July 17, 2024 – Fitch Ratings has raised alarm over the fragile economic state of Pakistan, citing significant risks stemming from both internal and external factors.
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Enhanced Security Ensured for Muharram, Commissioner Confirms
Commissioner Quetta, Hamza Shafqaat, has assured the public that extensive security arrangements have been established for the observance of Muharram, specifically on the 9th and 10th.
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IMF Deal Offers Lifeline, But Reforms Key for Pakistan: Moody’s
Islamabad, July 16, 2024 – Pakistan’s economic outlook has received a cautious boost with the recent staff-level agreement reached with the International Monetary Fund (IMF) for a new $7 billion Extended Fund Facility (EFF). While this agreement offers a crucial source of financing, Moody’s Ratings Agency warns that Pakistan’s ability to sustain reforms will be the ultimate determinant of its success.
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Pakistan Raises Petroleum Prices for 2nd Half of July 2024
Islamabad, July 16, 2024 – The citizens of Pakistan are facing another increase in fuel costs as the government announced higher prices for petroleum products, effective July 16th. This hike is in response to the recent surge in global oil prices.
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