The Government of Pakistan has officially declared November 9 as a public holiday nationwide in commemoration of Iqbal Day, honoring the 147th birth anniversary of the esteemed philosopher, poet, and visionary Allama Muhammad Iqbal.
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CDNS Lowers Profit Rates on Savings Certificates
Islamabad, November 7, 2024 – The Central Directorate of National Savings (CDNS) has implemented a downward revision of profit rates on various National Savings Certificates, effective November 4, 2024, marking a strategic shift in its financial offerings.
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NEPRA Reduces FCA for September 2024 Electricity Prices
The National Electric Power Regulatory Authority (NEPRA) has announced a reduction of Rs 1.28 per unit in electricity prices for September 2024 under the Fuel Charges Adjustment (FCA). This reduction, effective in November’s billing cycle, reflects adjustments based on global fuel price variations that impact monthly power bills.
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Bank Holiday Declared for Allama Iqbal Day on November 9, 2024
Karachi, November 6, 2024 – In observance of Allama Iqbal Day, the State Bank of Pakistan (SBP) has announced a bank holiday for all commercial banks, development financial institutions, and microfinance banks (MFBs) across the country on November 9, 2024.
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Minister Welcomes Provincial Participation in PIA Privatization
In a recent press conference, Federal Minister for Privatization, Board of Investment & Communications, Abdul Aleem Khan, welcomed potential participation from provincial governments in the ongoing privatization process of Pakistan International Airlines (PIA).
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Petroleum Levy Collection Surges to Rs 262 Billion in 1QFY25
Islamabad, November 2, 2024 – Pakistan’s petroleum levy collection has recorded a robust surge, reaching Rs 262 billion in the first quarter of the fiscal year 2024-25, according to a report released by the Ministry of Finance.
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Pakistan’s CPI Inflation Rises to 7.2% in October 2024
Islamabad, November 1, 2024 – Pakistan’s headline inflation, as gauged by the Consumer Price Index (CPI), surged to 7.2% on a year-on-year basis in October 2024, up from 6.9% in September. This increase, while marginal, underscores an emerging inflationary trend following the more extreme inflationary environment of 2023, which saw a dramatic 26.8% rise in prices year-on-year in October.
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Karachi Police Intensify Crackdown Against Heavy Traffic
Karachi, November 1, 2024 – Karachi’s bustling streets are about to undergo a significant shift as city police implement stringent new measures to restore order amidst the city’s chaotic traffic conditions. Heavy vehicles, long a source of congestion, will now face intensified restrictions.
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Pakistan Raises Petrol, Diesel Prices Effective November 1, 2024
Islamabad, October 31, 2024 – In an announcement made on Thursday, the government of Pakistan revealed a revision in petroleum prices, effective November 1, 2024. For the first half of the month, the price of petrol has seen a modest rise, impacting consumers across the country amid shifting global market trends.
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Pakistan Revises Petroleum Prices for First Half of November 2024
Karachi, October 31, 2024 – As global oil markets continue to experience fluctuation, Pakistan’s authorities prepare to announce revised petroleum prices for the initial fortnight of November 2024.
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