Islamabad, July 11, 2024 – The President of Pakistan has sanctioned an Ad hoc Relief Allowance for government employees, effective from July 1, 2024. This initiative, announced by the Finance Division, will benefit federal government employees, including Armed Forces personnel, Civil Armed Forces, Civil Employees, and civilians paid from defense estimates, encompassing contingent paid staff and contract employees.
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Latest Petroleum Prices in Pakistan as of July 11, 2024
As Citizens of Pakistan gear up for their daily commutes and travel plans, staying informed about the latest petroleum prices has become crucial.
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SBP Announces Bank Holidays for Ashura e Moharram
Karachi, July 10, 2024 – The State Bank of Pakistan (SBP) has officially declared bank holidays in observance of Ashura e Moharram. In a circular addressed to all banks, the SBP confirmed that it will remain closed on July 16th and 17th, 2024, corresponding to Tuesday and Wednesday, to mark the occasion of Ashura (9th and 10th Moharram 1446 A.H).
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PM Shehbaz Unveils Energy Subsidy for Low-Income Households
Islamabad, July 9, 2024 – Prime Minister Shehbaz Sharif announced on Tuesday a Rs50-billion energy subsidy package aimed at easing the financial burden on low-income households consuming less than 200 units of electricity.
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Fire Halts, Trading Resumes at Pakistan Stock Exchange
The Pakistan Stock Exchange (PSX) resumed trading after a nearly two-hour suspension on Monday, following a fire that broke out on the fourth floor of the main exchange building in Karachi.
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Prime Minister Sharif Cracks Down on Electricity Overbilling
Islamabad, July 6, 2024 – Prime Minister Shehbaz Sharif has launched a forceful crackdown on officials responsible for inflated electricity bills.
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Ashura on 17th as Muharram Moon Not Sighted in Pakistan
Karachi – July 6, 2024 – The Central Ruet-e-Hilal Committee has announced that the Islamic month of Muharram will commence on July 8th in Pakistan. The announcement came following the committee’s meeting on Saturday, where it was declared that the moon had not been sighted anywhere in the country.
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Pakistan Cracks Down on Nuclear Smuggling with New Laws
Karachi, July 6, 2024 – Pakistan has taken a significant step towards bolstering national and international security by introducing stricter penalties for the smuggling of nuclear and radioactive materials.
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Divided Dealers Cause Partial Petrol Pump Closure
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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