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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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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