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Pakistan’s Inflation Hits 44-Month Low, CPI Falls to 6.9% Year-on-Year
Islamabad, October 1, 2024 – Pakistan’s Consumer Price Index (CPI) has dropped to 6.9% year-on-year in September, marking the lowest inflation rate in 44 months. This decline brings relief to consumers and businesses following prolonged inflationary pressures that have impacted household budgets and production costs. Several factors have contributed to this disinflationary trend. A high…
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,…
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…
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…
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…