The import of motor cars into Pakistan witnessed an extraordinary surge of 420% year on year (YoY) in May 2024, according to official data released recently.
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Prime Minister Shehbaz Extends Eid-ul-Adha Greetings
Islamabad – Prime Minister Shehbaz Sharif has extended warm greetings to the Pakistani nation and Muslims around the world on the auspicious occasion of Eid-ul-Adha. In his heartfelt message, the Prime Minister emphasized the significance of this holy day and its profound lessons in faith, sacrifice, and unity.
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CPEC Hydropower Project Begins Wet Testing in Pakistan
The first unit of the China-built Suki Kinari Hydropower project in northwest Pakistan has commenced wet testing, marking a significant milestone under the China-Pakistan Economic Corridor (CPEC).
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Pakistan Eyes Over 33% Jump in FY25 Petroleum Levy Collection
Islamabad, June 16, 2024 – Pakistan is bracing for a significant rise in its petroleum levy collection in the upcoming fiscal year, with projections exceeding 33% growth.
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Pakistan Notifies Petroleum Prices for Second Half of June 2024
Islamabad, June 15, 2024 – The Government of Pakistan has announced new petroleum prices for the second half of June 2024. According to a statement released by the Finance Division, the prices of petroleum products have experienced mixed trends in the international market over the last fortnight.
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PM Shehbaz Highlights 100 Days Achievements of His Government
Islamabad, June 15, 2024 – Prime Minister Shehbaz Sharif, in a televised address on Saturday, outlined the achievements of his administration during its first 100 days, while also detailing a comprehensive five-year agenda focused on economic stability and public welfare.
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Gold Prices Dip in Pakistan on Documented Transactions Drive
Karachi, June 15, 2024 – Gold prices in Pakistan witnessed a decline of Rs 200 per tola on Saturday, amid growing anticipation of a government crackdown aimed at mandating documentation for all gold transactions.
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PM Shehbaz Announces Petrol Price Cut by Rs 10.20 per Liter
Islamabad, June 14, 2024 – Prime Minister Shehbaz Sharif announced a reduction in petrol prices by Rs 10.20 per liter for the remaining days of June 2024. In addition to this, the price of high-speed diesel (HSD) will also be cut by Rs 2.33 per liter.
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Pakistan May Slash Petroleum Prices from June 16
Pakistan is likely to slash prices of petroleum products from June 16, 2024, in its forthcoming fortnightly review scheduled for Saturday, June 15, 2024.
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Retailers to Face Harsh Penalties for Selling Smuggled Cigarettes
In a bid to crack down on the illicit trade of cigarettes, the Federal Budget for the fiscal year 2024-2025 has introduced stringent measures against retailers found selling fake, smuggled, and non-taxpaid cigarettes.
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