Islamabad, December 31, 2024 – Market forecasts suggest that Pakistan is set to adjust petroleum prices upward, with the new rates taking effect from January 1, 2025. This revision scheduled for December 31, 2024, will impact multiple petroleum products, reflecting global trends and domestic cost adjustments.
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December 2024 Headline Inflation May Hit 80-Month Low
Karachi, December 31, 2024 – Headline inflation in Pakistan is expected to decline to 4.7% in December 2024, marking its lowest level in 80 months, analysts at Insight Securities (Pvt) Limited revealed on Tuesday. This significant decrease in inflation reflects the impact of a favorable base effect and a reduction in transport costs due to lower fuel prices.
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KPK Extends School Winter Vacations Until January 6, 2025
Peshawar, December 30, 2024 – The Khyber Pakhtunkhwa (KPK) government has announced an extension of winter vacations for all public and private schools in the province.
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Banks to Remain Closed for Public on January 1, 2025
Karachi, December 30, 2024 – The State Bank of Pakistan (SBP) has announced that all banks across Pakistan will remain closed for public dealings on Wednesday, January 1, 2025. This declaration aligns with the observance of a “Bank Holiday,” as stated in an official notification issued by the SBP.
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Expected Petroleum Prices in Pakistan from January 1, 2025
Islamabad, December 30, 2024 – Pakistan is expected to revise the prices of petroleum products for the upcoming fortnight starting from January 1, 2025. The government’s decision on fuel price adjustments is anticipated on December 31, 2024, with significant implications for consumers and industries alike.
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Petroleum Prices in Pakistan – Today, December 29, 2024
On Sunday, December 29, 2024, the petroleum prices in Pakistan stand as follows: high-speed diesel at Rs255.38 per litre, petrol at Rs252.10 per litre, kerosene oil at Rs161.66 per litre, and light-speed diesel at Rs148.95 per litre.
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Electricity Tariffs Decline Massively in 2024: Minister Leghari
Islamabad, December 28, 2024 – Minister for Power Sardar Awais Ahmed Khan Leghari highlighted transformative achievements in Pakistan’s power sector during a year-end review.
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PM Shehbaz Orders Installation of Smart Electricity Meters
Islamabad, December 28, 2024 – Prime Minister Muhammad Shehbaz Sharif has instructed the expeditious installation of smart meters across the country to enhance transparency in the electricity billing system and implement robust measures to curb electricity theft. The directive came during a high-level review meeting on the performance of Electricity Distribution Companies (DISCOs).
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Karachi Electric Consumers to Get Above Rs 7 Billion Refund
Karachi, December 28, 2024 – Electricity consumers in Karachi are set to receive a substantial refund of over Rs 7 billion as K-Electric (KE), the city’s primary power utility, has filed a petition with the National Electric Power Regulatory Authority (Nepra) seeking approval to refund Rs4.98 per unit. This refund comes as part of the monthly fuel charges adjustment (FCA) for November 2024.
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Islamabad Excise Extends Payment Hours for Vehicle Tax
Islamabad, December 27, 2024 – The Islamabad Excise and Taxation Department has announced extended hours for the payment of vehicle token tax as part of preparations for a major crackdown beginning January 1, 2025. This initiative aims to provide citizens with ample opportunities to settle their dues before strict enforcement measures are implemented.
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