Islamabad, November 19, 2024 – Pakistan and the Asian Development Bank (ADB) formalized a $500 million loan agreement on Tuesday under the Climate and Disaster Resilience Enhancement Program (CDREP), signaling a significant step toward addressing the country’s climate challenges and disaster vulnerabilities.
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Senate Opposes VPNs Blockage, Warns of $400M Freelancer Loss
The Senate Standing Committee on Information Technology and Telecommunication has strongly opposed the proposed blockage of Virtual Private Networks (VPNs) from November 30, citing potential losses of $400 million in IT remittances. The committee, chaired by Senator Palwasha Mohammad Zai Khan, criticized the move as illegal, noting no law permits blocking such technology.
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Experts Advocate Strong Tobacco Taxation for Public Health
Islamabad, November 16, 2024 – Experts at a seminar titled “Taxing Tobacco: A Path to Reducing Consumption and Saving Lives” highlighted the pressing need for a comprehensive and sustainable tobacco taxation policy in Pakistan.
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Government Keeps Petrol, Diesel Prices Unchanged for Fortnight
ISLAMABAD: The federal government has decided to keep fuel prices unchanged for the next fortnight, according to a notification issued by the Finance Division. This decision is based on the price trends of petroleum products in the international market during the last two weeks, as calculated by the Oil and Gas Regulatory Authority (OGRA).
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Weekly SPI Inflation Increases by 0.55%
Islamabad, November 15, 2024 – The Sensitive Price Indicator (SPI), which measures weekly inflation, recorded an increase of 0.55% for the week ending November 14, 2024, according to the Pakistan Bureau of Statistics (PBS). The rise reflects notable price hikes in essential commodities, impacting households across the country.
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SBP Modernizes Agriculture Loan Process with New Alternatives
Karachi, November 15, 2024 – The State Bank of Pakistan (SBP) has introduced streamlined procedures and documentation requirements for agricultural loans, aiming to simplify the process for farmers and financial institutions alike.
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Punjab Approves New Agricultural Income Tax Amendments
Lahore, November 15, 2024 – In a significant move, the Punjab Assembly passed the Punjab Agricultural Income Tax (Amendment) Bill 2024 on Thursday, despite opposition protests and a walkout by members of the Pakistan Peoples Party (PPP) and Pakistan Tehreek-e-Insaf (PTI).
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PM Shehbaz Urges Nation to Pray for Rain Relief
Islamabad, November 14, 2024 – Prime Minister Shehbaz Sharif on Thursday appealed to the public to observe Namaz-e-Istisqa, or prayers for rain, across the nation, urging citizens to seek Allah Almighty’s mercy to ease the prevailing dry conditions. The Prime Minister’s call emphasizes the importance of collective prayers in mosques throughout the country to invoke divine intervention for rain amid growing environmental concerns.
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Latest Petroleum Prices in Pakistan on November 14, 2024
The updated petroleum prices in Pakistan as of November 14, 2024, are as follows: Petrol at PKR 248.38 per liter, High-Speed Diesel (HSD) at PKR 255.14 per liter, Kerosene Oil at PKR 161.54 per liter, and Light Diesel Oil (LDO) at PKR 147.51 per liter.
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Nepra Takes Firm Stance on KE Compliance Failures
Islamabad, November 14, 2024 – The National Electric Power Regulatory Authority (Nepra) has issued a show cause notice to K-Electric (KE) following repeated failures to comply with regulatory directives related to net-metering applications.
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