KARACHI: Pakistan International Airlines (PIA) is poised to resume flights to Europe, marking its return to the region after a suspension of over four years. Starting January 10, 2025, the national carrier will operate twice-weekly flights between Islamabad and Paris on Boeing 777 aircraft. Ticket bookings will commence on December 7, 2024.
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Weekly Inflation in Pakistan Decreases by 0.34%
Islamabad, December 6, 2024 – The Pakistan Bureau of Statistics (PBS) reported on Friday that weekly inflation, measured by the Sensitive Price Indicator (SPI), declined by 0.34% for the week ending December 5, 2024, compared to the previous week.
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Aurangzeb for Market-Driven Financing to Bridge Housing Gap
Islamabad, December 4, 2024 – Finance Minister Muhammad Aurangzeb reiterated the government’s commitment to modernizing the housing sector without returning to directed lending, a practice he described as harmful due to its long-term economic distortions. Speaking at the International Affordable, Green & Resilient Housing Conference, the minister emphasized the need for creating mechanisms that incentivize the private sector, particularly banks and microfinance institutions, to take the lead in providing accessible housing finance.
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Provinces Miss Deadline to Amend Agricultural Tax Laws
ISLAMABAD: The federal government has confirmed that provinces failed to meet the deadline for amending their agriculture income tax legislation, which was set for October 2024. This was disclosed during a presentation to the National Assembly Standing Committee on Finance, where officials provided an update on the quantitative performance criteria and structural benchmarks related to Pakistan’s ongoing International Monetary Fund (IMF) program.
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Pakistan Hikes Petrol and Diesel Prices for Early December 2024
Islamabad, November 30, 2024: The government of Pakistan has announced an increase in the prices of key petroleum products for the first half of December 2024. The adjustment, based on recommendations from the Oil and Gas Regulatory Authority (OGRA), reflects global market trends and rising oil prices.
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PIA Will Get Higher Bids After EASA Lifts Ban: Khawaja Asif
Sialkot, November 30, 2024 – Aviation Minister Khawaja Asif welcomed the European Commission and the European Aviation Safety Agency’s (EASA) decision to lift the suspension on Pakistan International Airlines (PIA), expressing optimism about its positive impact on the privatization process of the indebted national carrier.
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Expected Petroleum Prices in Pakistan for December 2024
Pakistan is anticipated to raise petroleum product prices starting December 1, 2024, as global oil prices continue to climb. The price adjustment will follow the routine fortnightly review of petroleum prices, with the updated rates scheduled for announcement on November 30, 2024. These revised prices will be effective from December 1 to December 15, 2024.
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EASA Lifts Ban on PIA After Four Years
The European Union Aviation Safety Agency (EASA) has officially lifted the four-year ban on Pakistan International Airlines (PIA), marking a significant milestone for Pakistan’s aviation sector.
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Pakistan Likely to Increase Petroleum Prices for December 2024
Pakistan is expected to raise petroleum product prices starting December 1, 2024, driven by a recent surge in international oil prices. The adjustment will follow the fortnightly review of petroleum prices, with the next update scheduled for November 30, 2024. The revised prices will remain effective from December 1 to December 15, 2024.
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SBP Directs Banks to Open Saturday for Hajj Application Collection
Karachi, November 28, 2024 – The State Bank of Pakistan (SBP) has announced that branches of designated banks will remain operational over the weekend to facilitate the submission of Hajj applications for 2025. This special arrangement, requested by the Ministry of Religious Affairs and Interfaith Harmony, ensures greater convenience for intending pilgrims.
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