Islamabad, October 1, 2024 – Prime Minister Muhammad Shehbaz Sharif on Tuesday expressed satisfaction over the sharp decline in inflation, which has now fallen to its lowest level in the past 44 months. The inflation rate, recorded at 6.9 percent year-on-year in September 2024, marks a significant milestone in the government’s efforts to ease the financial burden on the masses.
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Pakistan Slashes Petroleum Prices for October’s First Fortnight
Islamabad, September 30, 2024 – In a welcome development for consumers, Pakistan’s federal government announced a significant reduction in petroleum prices for the first half of October 2024.
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Today Petroleum Prices in Pakistan – September 30, 2024
Karachi, September 30, 2024 – As of today, the petroleum prices in Pakistan remain as follows: Petrol at Rs 249.10 per liter, High-Speed Diesel (HSD) at Rs 249.69 per liter, Kerosene at Rs 158.47 per liter, and Light Diesel Oil (LDO) at Rs 141.93 per liter.
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Mari Petroleum Helicopter Crashes in North Waziristan, Six Dead and Eight Injured
Islamabad, September 28, 2024 – A tragic helicopter crash in North Waziristan on Saturday afternoon claimed the lives of at least six people, with eight others suffering injuries. The helicopter, operated by Mari Petroleum, one of Pakistan’s leading oil and gas exploration companies, went down due to an engine malfunction, according to initial reports.
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Pakistan May Reduce Petroleum Prices from October 1, 2024
Islamabad, September 28, 2024 – Pakistan is expected to announce a reduction in petroleum prices starting October 1, 2024, in response to declining international oil prices. However, the reduction may not extend to petrol, which is likely to remain at its current price levels, according to government sources.
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PMD Issues Dengue Alert for Karachi, Lahore, and Other Cities
Islamabad, September 26, 2024 — The Pakistan Meteorological Department (PMD) has issued a dengue fever alert for several major cities, including Karachi, Lahore, and other urban centers across the country.
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Pakistan and Turkiye Agree to Strengthen Economic and Security Cooperation
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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