Karachi, July 5, 2024 – Pakistan witnessed a patchy petrol pump strike on Friday as the Pakistan Petroleum Dealers Association (PPDA) remained split over a call to protest a new 0.5% turnover tax imposed in the recent federal budget.
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Petrol Pumps to Remain Open Despite Strike Call: Authorities
Islamabad, July 5, 2024: In a move to mitigate disruptions caused by a planned strike by the Pakistan Petroleum Dealer’s Association (PPDA), the Petroleum Division has taken steps to ensure an uninterrupted fuel supply across the country.
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Petrol Pumps Face Shutdown as PPDA Announces Strike on July 5
Karachi, July 4, 2024 – Pakistanis are urged to fill their tanks today as the Pakistan Petroleum Dealers Association (PPDA) prepares for a nationwide strike starting tomorrow, July 5th. The strike, which could last more than a day, comes after failed negotiations between the PPDA and the government regarding a newly imposed tax.
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Pakistan Offers Tajikistan Use of Karachi Port for Transit Trade
Karachi, July 3, 2024 – In a significant move to boost regional trade and connectivity, Prime Minister Muhammad Shehbaz Sharif extended an invitation to Tajikistan to utilize Karachi Port for transit trade.
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Pakistan Seeks Bigger Bite of IMF Apple: Requests $10 Billion
Islamabad, July 2, 2024 – Pakistan has requested the International Monetary Fund (IMF) to expand its proposed bailout package to $10 billion, citing the country’s deteriorating economic conditions.
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Pakistan Registers 10.54% Jump in Exports for FY24
Islamabad, July 2, 2024 (PkRevenue.com) – Pakistan has recorded a remarkable growth of 10.54 percent in exports during the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The country’s exports surged to $30.65 billion during FY24, up from $27.72 billion in the previous fiscal year.
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Pakistan’s Headline Inflation Contracts to 23.4% in FY24
Pakistan’s average headline inflation, as measured by the Consumer Price Index (CPI), contracted to 23.4% in the fiscal year 2023-24, a significant reduction from the previous fiscal year’s 29.2%, according to the Pakistan Bureau of Statistics (PBS).
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Pakistan Jacks Up Petroleum Prices for First Half of July 2024
Islamabad, July 1, 2024 – Pakistan has announced an increase in petroleum prices for the first half of July 2024, attributing the hike to a rising trend in the international market.
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Pakistan President Approves Tax-Heavy 2024-25 Budget
Islamabad, June 30, 2024 – Pakistan President Asif Ali Zardari on Sunday approved the heavily tax-laden Budget 2024-25, set to come into effect from July 1. The budget, amounting to Rs18.877 trillion, aims to stabilize the economy and secure a new bailout from the International Monetary Fund (IMF).
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Pakistan Approves Petroleum Levy Increase to Rs 70 per Liter
Karachi, June 29, 2024 – Pakistan has approved an increase in the petroleum levy to Rs 70 per liter on the price of petroleum products for the fiscal year 2024-25.
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