New York, September 25, 2024 – Prime Minister of Pakistan Shehbaz Sharif and Turkish President Recep Tayyip Erdogan met on Wednesday on the sidelines of the 79th Session of the United Nations General Assembly. During the meeting, the two leaders reaffirmed their commitment to enhancing bilateral relations by strengthening cooperation in the areas of trade, investment, defense, and security.
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Live Bidding for PIAC Privatization to Be Broadcast on October 1, 2024
ISLAMABAD, September 25, 2024 — The much-anticipated bidding process for the privatization of Pakistan International Airlines Company (PIAC) will be shown live on media on October 1, 2024, following approval by the federal cabinet.
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Headline Inflation Projected at 7.3% YoY in September 2024
Karachi, September 24, 2024 – Pakistan’s headline inflation, based on the Consumer Price Index (CPI), is projected to decrease to 7.3% year-on-year (YoY) in September 2024, marking its lowest level since January 2021. This is a significant improvement compared to both August 2024, when inflation stood at 9.6% YoY, and September 2023, when the inflation rate surged to 31.4% YoY.
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Government Adjusts Exchange Rates for Petroleum Prices
ISLAMABAD – The Pakistani government has adjusted the exchange rate used for calculating petroleum product prices, effective from September 16, 2024. This move led to a slight reduction in the cost of petrol, with minimal impact on high-speed diesel (HSD) prices.
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Pakistan Sharply Reduces Petroleum Prices for 2nd Half of September 2024
Islamabad, September 15, 2024 – In a major relief to consumers, Pakistan announced a sharp reduction in petroleum prices for the second half of September 2024.
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Bank Holiday in Pakistan Announced for September 17, 2024
Karachi, September 15, 2024 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam).
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Sindh Cabinet Approves Contributory Pension Scheme 2024
Karachi, September 15, 2024 – The Sindh Cabinet has approved the implementation of the Sindh Defined Contributory Pension Scheme 2024, set to take effect from July 1, 2024. Under this scheme, both the government and employees will contribute towards the pension fund, with the government contributing 12% and employees contributing 10% of their salaries.
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Pakistan Set to Slash Petroleum Prices for 2nd Half of September
ISLAMABAD – September 14, 2024 – As international oil prices continue their downward trend, the Pakistani government is preparing to implement a significant reduction in fuel prices for the second half of September 2024.
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Petroleum Prices in Pakistan Dip 15% YoY in September: PBS
Islamabad, September 13, 2024 – The Pakistan Bureau of Statistics (PBS) has reported a notable decline in petroleum prices for September 2024, with diesel and petrol prices falling by 15.64% and 15.03% year-on-year (YoY), respectively.
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Government Imposes Penalties on Voluntary Retirement
Islamabad, September 12, 2024 – The government has announced the imposition of penalties on voluntary retirement for federal employees, as per a notification issued by the Ministry of Finance.
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