Karachi, January 2, 2025 – In the midst of unprecedented economic challenges, Pakistanis spent a staggering Rs 276 billion on cigarettes during the first nine months of 2024. This shocking revelation emerges as the nation grapples with soaring inflation and dwindling resources for essential commodities.
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Inflation Eases: Pakistan’s CPI Drops to 80-Month Low
Karachi, January 1, 2025 – Pakistan’s headline inflation, measured by the Consumer Price Index (CPI), dropped to an 80-month low of 4.1% year-on-year (YoY) in December 2024. This marks the lowest level since April 2018, when inflation was recorded at 3.96%.
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Schools Reopen Across Sindh After Winter Vacations
KARACHI: The Sindh Education Department announced on Tuesday that schools and colleges across the province, including Karachi, would reopen on Wednesday (today), bringing clarity to the resumption of classes after the winter break.
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Pakistan Increases Petroleum Prices on New Year 2025
ISLAMABAD: The federal government of Pakistan has increased the price of petrol by Re0.56 per litre, effective from the first fortnight of 2025. The announcement, made on New Year’s Eve, reflects adjustments based on fluctuations in the international oil market, as stated in a notification issued by the Finance Division.
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Karachi Sit-ins Turn Violent, Several Vehicles Set on Fire
Karachi, December 31, 2024 – Sit-ins organized by the Majlis Wahdat-e-Muslimeen (MWM) across various locations in Karachi took a violent turn on Tuesday, with multiple vehicles set ablaze and clashes reported between protesters and law enforcement.
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Sindh Extends School Winter Vacations?
Karachi, December 31, 2024 – Speculation is rife as residents await confirmation from the Sindh government regarding a possible extension of school winter vacations.
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Predictions for Petroleum Prices in Pakistan from January 1, 2025
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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