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Pakistan Economy

Govt initiated MTBs buyback operation

Karachi: 30 September 2024, In an unprecedented move, the Government of Pakistan has initiated Monday a T-Bill buyback program, repurchasing PKR 351bn worth of T-bills against a target of PKR 500bn. This bold move is expected to strategically reprofile the government’s debt, transitioning towards longer maturities while lowering the burden of debt servicing costs. While…

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Petrol

ADJUSTMENT OF THE PRICES OF PETROLEUM PRODUCTS TO BE EFFECTIVE FROM 1 OCTOBER, 2024

Karachi: 30 September 2024, The prices of Petroleum Products have continued to fluctuate in the international market in the last fortnight. Domestic consumer prices are required to be adjusted accordingly. The Oil and Gas Regulatory Authority (OGRA) works out the consumer prices for the upcoming fortnight, based on international prices and exchange rate variations. However,…

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PCB

PRIVATIZATION SHOULD BE COMPETITIVE & SUCCESSFUL: A. ALEEM KHAN225TH MEETING OF PCB

Islamabad: 30 September 2024, In the important meeting of the Privatization Commission Board under the chairmanship of Federal Minister for Privatization, Board of Investments & Communications Abdul Aleem Khan, it has been decided to form a Negotiating Committee for the privatization of institutions. Federal Minister for Privatization Abdul Aleem Khan has directed that the process…

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Abdul Samad Budhani

Abdul Samad Budhani Elected Chairman of PCDA

KARACHI, September 30, 2024: Abdul Samad Memon (Budhani) has been elected unopposed as the Chairman of the Pakistan Chemists and Druggists Association (PCDA) for the 2024-2026 term. The announcement was made by the PCDA Election Committee following a smooth and uncontested election process. In addition to Abdul Samad Budhani’s appointment, the members have also elected…

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GDP

Pakistan Economy – Pakistan GDP grew 3.07% in 4QFY24; FY24 GDP grew by 2.52%, higher than previous estimates

Karachi: On 30 September 2024, the National Accounts Committee (NAC) released GDP estimates for 4QFY24, showing growth of 3.07% YoY, taking full-year (FY24) growth to 2.52%, higher than provisional estimates of 2.38% YoY released by the Government on May 21, 2024. In 4QFY24, agriculture grew 6.76%, industry 3.59%, and services 3.69%. Agriculture: Growth in Agriculture…

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