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Pakistan Talks, Sujawal (2024)

24/03/2024

Protests in various cities aimed at securing the release of innocent Girl Priya Kumari, abducted three years ago near Sangrar in Rohari.

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18/03/2024

Is Priya Kumari not a daughter of Pakistan?

Innocent child Priya Kumari was abducted two and a half years ago from the Sanghar district of Rohri. She was offering cold drinks to mourners in front of her house during the mourning period of the martyrs of Karbala. Despite strong protests and demonstrations in Sindh for Priya Kumari's recovery, police officers sought extensions, made new promises, but Priya Kumari was not recovered. In despair over her innocent daughter's plight, her mother appealed to the entire Pakistan for her daughter's recovery, but her daughter was not returned to her. Who will heal this mother's pain?

An appeal to the Sindh government and the IG Sindh Police to return Priya Kumari to the arms of her grieving mother. If the heavens have to be moved for Priya Kumari's recovery, then let it be done. No matter how influential the perpetrator of her abduction may be, they must be apprehended and brought to justice.
کیا پریا کماری پاکستان کی بیٹی نہیں ہے؟

معصوم بچی پریا کماری کو دو سال پہلے روہڑی کے علاقے سنگرار سے اغوا کیا گیا تھا۔ وہ اپنے گھر کے سامنے محرم کے دوران کربلا کے شہیدوں کے لیے سبیل لگا کر عزاداروں کو ٹھنڈا شربت پلا رہی تھی۔

پریا کماری کی بازیابی کے لیے سندھ میں زبردست احتجاجی تحریکیں چلیں، مظاہرے ہوئے، پولیس افسرز نے مہلتیں مانگیں، نئے وعدے کیے، لیکن پریا کماری بازیاب نہیں ہوئی۔

معصوم بچی کے غم میں نڈھال اس کی ماں نے اپنی بیٹی کی بازیابی کے لیے سارے پاکستان کو اپیل کی، لیکن اسے اس کی بیٹی لوٹائی نہیں گئی۔ اس ماں کے درد کا درمان کون کرے گا؟

سندھ حکومت اور آئی جی سندھ پولیس سے اپیل ہے کہ وہ اس تڑپتی ہوئی ماں کی گود میں اس کی پریا کماری لوٹا کر دیں۔ پریا کماری کی بازیابی کے لیے زمین آسمان ایک کرنا پڑے تو وہ بھی کریں، اس بچی کے اغوا میں کتنا بھی بڑا شخص ملوث ہو، اسے قانون کے شکنجے میں لایا جائے۔

Sindh Government

03/03/2024

Multan Sultans have established a target of 190 runs for Karachi Kings in PSL 9.

19/02/2024

The Oil & Gas Development Company Limited (OGDCL), Pakistan's largest oil and gas firm, has made significant discoveries of oil and gas reserves in the Khewari block located in Sindh. This announcement was conveyed to the Pakistan Stock Exchange. Through the drilling of the Kharo-1 well, OGDCL uncovered substantial quantities of gas and condensate.

OGDCL holds a dominant 95% stake in the Khewari Block, with Government Holdings Private Limited (GHPL) owning the remaining 5%. Exploration activities at the Kharo-1 well extended to a depth of 3,762 meters, revealing a gas flow rate of 14.3 million standard cubic feet per day (MMSCFD) alongside 93 barrels per day (bbls/d) of condensate.

The newfound reserves are poised to augment OGDCL's and its partners' oil and gas portfolios, thereby bolstering Pakistan's energy assets. Additionally, the Government of Pakistan has awarded exploration licenses for eight blocks, including Kotra East, Murradi, Sehwan, and Zindan-II, to OGDCL and other firms.

OGDCL's financial performance in the first quarter of Fiscal Year 24, concluding on 30th September 2023, reflects net sales amounting to Rs 120.141 billion, with a profit before taxation reaching Rs 86.174 billion.

19/02/2024

The Islamabad High Court has issued an injunction preventing the Election Commission of Pakistan (ECP) from officially announcing the victors of the elections in NA-46, NA-47, and NA-48. This ruling follows petitions submitted by independent candidates supported by the PTI, namely Amir Mughal, Shoaib Shaheen, and Mohammad Ali Bukhari. They contested the outcomes of the February 8 elections, which saw their adversaries, Anjum Aqeel Khan, Tariq Fazal Chaudhry, and Raja Khurram Shahzad Nawaz, declared as winners by the ECP.

Despite the ECP's initial directive to maintain the status quo, they later released notifications confirming Khan, Chaudhry, and Raja as the triumphant candidates. Subsequently, the court entertained the appeals and temporarily halted the election results.

19/02/2024

Apple is reportedly considering revamping the main camera design for the iPhone 16, marking a departure from its long-standing appearance. Speculations suggest a potential shift to a dual-camera setup arranged vertically, akin to configurations found in Samsung devices. Images purportedly showcasing an iPhone 16 frame with this new camera layout have surfaced across various platforms.

Sources indicate that this alteration could be implemented in the standard iPhone 16 model slated for a September release. The transition to a vertical camera arrangement could facilitate the inclusion of Spatial Video recording capabilities in both the iPhone 16 and iPhone 16 Plus.

It appears that the motive behind this change lies more in the integration of novel functionalities rather than emulation of Samsung's design ethos. Additionally, rumors suggest the introduction of an Action Button on the iPhone 16, capable of multifunctionality such as capturing photos or adjusting settings. Furthermore, a dedicated Capture button with a force-sensor might be positioned on the device's side.

Anticipated for release in September, the iPhone 16 series, encompassing variants like the iPhone 16, 16 Plus, 16 Pro, and 16 Pro Max, is expected to debut alongside iOS 18. This forthcoming operating system update could potentially incorporate AI features reminiscent of those seen in Samsung and Google smartphones.

17/02/2024

In PSL 9 opener, Islamabad United beats Lahore Qalanders.

17/02/2024

Pakistan Railways recently reclaimed valuable land, worth millions of rupees, from illegal occupants during anti-encroachment operations at Gilani Station. In a proactive measure against encroachments on railway property, relevant authorities conducted an operation, demolishing shops constructed on unlawfully occupied land. These shops were revealed to have been erected without authorization on railway property, with the spokesperson estimating the market value of the encroached land to be seven crore rupees. In a related matter, in 2020, the Supreme Court bench addressed a case concerning the revival of the Karachi Circular Railways (KCR), where the counsel for Pakistan Railways informed the court about the submission of a report on the matter.

16/02/2024

In Karachi, Pir Sadaruddin Shah Rashidi, also known as Pir Pagara, the leader of the Grand Democratic Alliance (GDA), has rejected the outcomes of the 2024 General Elections and declared the vacation of two Sindh Assembly seats, as per ARY News.

Following the GDA's defeat in the recent General Elections, Pir Pagara chaired a meeting with other GDA leaders to address concerns of alleged rigging in what they deemed "anti-state" elections.

Addressing the media post-meeting, Pir Pagara expressed dissatisfaction, asserting that the entirety of Sindh seemed to have been handed over to Asif Ali Zardari. He questioned why his party was declared winners of two seats if all provincial seats were allegedly awarded to Zardari.

Pir Pagara announced his party's intention to stage a peaceful protest against the election results, scheduling a sit-in for February 16 at Hyderabad Bypass.

He further criticized the incumbent Pakistan People’s Party (PPP) government in Sindh, describing it as the "worst," and disclosed an offer he received to dissolve the GDA and form an alliance with Zardari in exchange for seats, which he declined.

Pir Pagara clarified that although he is not related to the founder of Pakistan Tehreek-e-Insaf (PTI), he commended the youth who supported and voted for him.

16/02/2024

Exciting news for Pakistani drivers! The introduction of Pakistan’s International Driving License now grants access to legal driving in 132 countries worldwide. For Pakistani residents, obtaining an international driving permit has long been mandatory due to strict regulations. However, the application process has historically been cumbersome and time-intensive. With this recent update, Pakistani drivers can now broaden their horizons and enjoy the freedom of driving in numerous countries across the globe.

The list of countries includes:

[The list of countries]

Acquiring the International Driving License:
To obtain the International Driving License, aspiring drivers must fulfill specific requirements and diligently follow the application process. Required documents include an attested copy of the applicant’s passport, two attested passport-sized photographs, three photocopies of a valid CNIC (Computerized National Identity Card), and a photocopy of the applicant’s valid national driving license. Additionally, applicants aged 50 and above may need to provide a medical certificate, while a blood group report is mandatory for those applying at the Motorway Police.

Application Process:
The application process entails visiting the relevant Driving License Authority office. Applicants need to obtain a token and wait for their turn to complete data entry and undergo an eyesight check-up. Biometric and live camera images are captured for verification purposes. Moreover, a computerized traffic signs test is administered, with an additional written scenario-based test applicable at the Islamabad Traffic Police. Upon submission of all necessary documents, applicants proceed to undergo a practical driving assessment, either using their own vehicle or one provided, under the supervision of a police officer.

Successfully completing the entire process results in the issuance of the International Driving License. Pakistani drivers can expect to receive their license within approximately one week, enabling them to embark on international driving adventures. The newfound access to 132 countries presents exciting opportunities for exploration, business travel, and cultural experiences. It empowers Pakistani drivers to confidently and conveniently navigate foreign road systems, ensuring a smoother and more enjoyable journey abroad.

16/02/2024

In 2023, Meezan Bank Limited achieved unprecedented success, boasting a record profit of Rs58.91 billion, marking a remarkable milestone in its history. This surge in profitability represents a staggering growth of over 90% compared to the preceding year. To commemorate this remarkable achievement and extend the benefits to its shareholders, the Board of Directors resolved to distribute a portion of the profit as dividends. They announced a final cash dividend of Rs8 per share, supplementing the interim dividends previously disbursed.

According to the income statement, the bank witnessed a substantial year-on-year increase of 85.93% in its net spread earnings, soaring to Rs226.49 billion from Rs121.82 billion in the corresponding period of the previous year.

The bulk of the bank's revenue was generated through Islamic financing, investments, and placements, amassing a total of over Rs431 billion. Furthermore, there was a notable uptick in other income streams, particularly from foreign exchange, which experienced a growth of more than a third. However, the bank also experienced heightened expenditure, notably in operating costs and employee welfare initiatives. Despite these increased expenses, the bank's post-tax profit saw a significant surge compared to the preceding year.

15/02/2024

Following the recommendation of the Oil and Gas Regulatory Authority (OGRA), the interim government has sanctioned a Rs2.73 per liter hike in petrol prices for the next two weeks. As per a notification from the finance ministry, this translates to a revised price of Rs275.62 per liter effective from February 16. Moreover, the price of High-Speed Diesel (HSD) has surged by Rs8.37 per liter, now standing at Rs287.33 per liter. The previous adjustment saw a notable increase of Rs13.55 per liter for petrol and Rs2.75 per liter for HSD.

15/02/2024

The cost of solar panels in Pakistan has surged dramatically just before the onset of the summer season, prompting widespread concern among citizens. Recent reports indicate a staggering increase in prices, soaring from Rs75,000 to Rs300,000 within a short span of time.

For instance, a seven-kilowatt solar panel system, previously priced at Rs850,000, now commands over Rs920,000. Similarly, a 10-kilowatt system has surged from Rs1.1 million to Rs1.25 million, while a 12-kilowatt system has escalated to Rs1.6 million from Rs1.4 million. Additionally, a 15-kilowatt system has witnessed a significant Rs300,000 hike, now tagged at Rs1.8 million.

These price spikes predominantly impact solar panel systems linked to the grid, with consumers opting for hybrid setups, incorporating batteries for energy storage, facing even greater financial strain.

The escalating costs pose a particular challenge for consumers engaged in the government’s net metering project. This initiative incentivizes solar energy utilization by enabling consumers to sell surplus electricity they generate back to the grid.

Experts attribute the fluctuating prices to a myriad of economic factors, including sporadic political instability. Brand reputation, efficiency ratings, capacity, and installation requisites further contribute to the upward trajectory of costs.

As consumers grapple with these surging prices, stakeholders are vigilantly monitoring the solar energy market, seeking avenues to alleviate consumer burdens and foster sustainable energy solutions in Pakistan.

15/02/2024

The Pakistan Cricket Board (PCB) terminated fast bowler Haris Rauf's contract due to his refusal to join Pakistan's Test squad for the 2023-24 Australia tour. Effective from December 1, 2023, Rauf is also barred from participating in any foreign leagues until June 30, 2024.

Rauf was afforded an opportunity to provide clarification on January 30, 2024, but the PCB found his response unsatisfactory. The PCB emphasizes the significance of representing Pakistan and views his refusal to join the Test squad without compelling justification as a breach of contract. Rauf cited concerns over potential injury and workload management as his reasons for declining participation in the Australia Tests.

Despite featuring in only one Test match for Pakistan against England in 2022, Rauf boasts commendable statistics with 69 wickets in 37 ODIs and 90 wickets in 66 T20Is. Currently gearing up to compete for Lahore Qalandars in the upcoming Pakistan Super League commencing on February 17, Rauf faces the repercussions of his contractual termination with the PCB.

15/02/2024

The PTI party has designated Omar Ayub Khan, a former minister, as its nominee for the prime ministerial position amid a period of political uncertainty in Pakistan. Asad Qaiser, a former National Assembly speaker, revealed the decision, stating that PTI has chosen to propose Omar Ayub for the role. Qaiser also disclosed his assignment to engage with other political factions, such as ANP, JUI, and others, to establish a coalition government.

Expressing criticism of the 2024 election, Asad Qaiser labeled it as the worst in Pakistan's history, alleging widespread rigging of the results. He announced that Imran Khan, the PTI founder, would lead a protest against the election irregularities. PTI's decision follows closely after the Pakistan Muslim League-Nawaz (PML-N) declared Shehbaz Sharif as its prime ministerial candidate, with reports indicating Maryam Nawaz as the contender for the chief minister's position in Punjab.

The ultimate selection for the prime ministerial candidate will be determined through consultations among allied parties. Independent candidates have secured the most seats in the National Assembly, with PML-N trailing behind. PML-N is actively seeking to form a coalition government by enticing other parties, including PPP, to collaborate at the national level.

15/02/2024

Following the general elections held on February 8, political parties in Pakistan are currently engaged in forming governments at both the central and provincial levels. Preliminary results indicate that independent candidates have emerged as the frontrunners, securing 101 seats in the National Assembly, closely followed by the Pakistan Muslim League-Nawaz (PML-N) with 75 seats.

The PML-N is actively seeking to persuade the Pakistan Peoples Party (PPP) and other political factions to collaborate in establishing a coalition government at the center. Meanwhile, amidst these negotiations, the Election Commission of Pakistan (ECP) continues to issue notifications of victory for the winning candidates.

Pakistan's citizens eagerly await the election for key positions such as prime minister, president, speaker of the National Assembly, and others. The National Assembly is reportedly scheduled to convene on March 4 to elect the new prime minister, while the election for the presidency is set for March 8.

Furthermore, reports indicate that the election for the positions of speaker and deputy speaker of the National Assembly will occur on March 1, with the NA session summoned on February 29.

To secure the position of prime minister, a candidate must obtain a minimum of 169 votes out of the 336-member National Assembly. The PML-N has nominated Shehbaz Sharif, the party president, for the prime ministerial post.

15/02/2024

According to reports, Mohammad Hafeez, who served as the Director of Cricket for the Pakistan Cricket Board (PCB), has stepped down from his role. Allegedly, Hafeez sought a meeting with the newly appointed PCB Chairman, Mohsin Naqvi, to discuss the recent tours of Australia and New Zealand, but Naqvi was unable to accommodate the meeting. Sources indicate that the PCB is disinclined to continue its collaboration with Hafeez, prompting the decision to part ways.

Hafeez, a former Test captain, assumed the position of Director of Cricket in November of the previous year. With a notable career representing Pakistan in numerous matches, Hafeez has amassed impressive statistics. However, reports also highlight tensions between Hafeez and senior players during the New Zealand tour. Players expressed dissatisfaction with Hafeez's lengthy meetings and his stringent approach to team management.

Additionally, complications arose regarding the issuance of No Objection Certificates (NOCs) for players to participate in various leagues. Players perceived Hafeez as reluctant to grant NOCs for the Bangladesh Premier League (BPL), jeopardizing their contractual obligations.

There is concern that without intervention, the relationship between Hafeez and the players may deteriorate further.

14/02/2024

In a disturbing turn of events, a shop situated in close proximity to the post office, which belonged to Danish Junejo, became the target of a brazen armed robbery. The assailants, brandishing fi****ms, struck fear into the hearts of both the shop owner and any witnesses present. With calculated precision, they managed to seize a substantial sum of money amounting to 4 lakh rupees. The heist not only inflicted financial loss upon the owner but also left a profound sense of insecurity lingering in the community. Such audacious acts of criminality not only disrupt the peace and safety of the neighborhood but also undermine the trust in law enforcement and the justice system. The incident serves as a stark reminder of the pressing need for heightened security measures and vigilant community engagement to combat such threats effectively. It is imperative for authorities to swiftly investigate this incident and bring the perpetrators to justice to restore a sense of security and reassure the affected individuals and businesses in the area.

14/02/2024

On Wednesday, the federal government of Pakistan disclosed its decision to transfer ownership of the First Woman Bank Limited to the UAE government, as per a report. This transfer will involve 82 percent of the bank's shares being sold on a government-to-government basis, pending approval from the UAE government. Subsequent to the sale, the State Bank of Pakistan will issue a new license to the First Women Bank. An eight-member cabinet committee appointed by the federal government will oversee the pricing and finalization of the agreement.

The core objective of the bank following the sale will continue to be providing financial assistance to women. Noteworthy is the fact that the privatization process for the First Women Bank Limited commenced back in 2015. Additionally, last year witnessed Pakistan selling off a historic building owned by its embassy in Washington, D.C.

The building, which had been vacant since 2003, underwent a reclassification by local authorities, resulting in increased taxes. Previously serving as a chancery, the building was auctioned late last year, with the highest bid reaching $6.8 million.

14/02/2024

The Pakistan Stock Exchange (PSX) underwent a notable rebound, halting a three-day downtrend attributed to political uncertainties post the country's elections. The key KSE-100 index surged by 926.62 points, concluding at 62,153.84 points, with the intraday peak hitting 62,532.25 points.

This resurgence is attributed to the anticipation of revised gas prices by the Economic Coordination Committee (ECC) and the International Monetary Fund's (IMF) insistence on the government to increase gas tariffs by February 15. Analysts foresee the rally potentially testing the 63,000-64,000 range, highlighting the market's resilience amidst political uncertainties.

14/02/2024

In 2023, Allied Bank (ABL) recorded a notable profit of Rs41.3 billion ($146.5 million), marking an impressive 95% surge compared to the preceding year. This robust performance translated into an enhanced earnings per share of Rs36.07, up from Rs18.56 in 2022.

In a move reflecting confidence in its financial health, ABL's board of directors declared a final cash dividend of Rs4 per share, supplementing the interim dividend of Rs8 per share already distributed. The bank's net interest income experienced substantial growth, reaching Rs112.9 billion, a remarkable uptick of over 69% from the previous year, primarily attributed to increased interest rates.

Additionally, ABL witnessed positive momentum in its fee and commission income, climbing by 32% to Rs11.84 billion. Income generated from foreign exchange operations also showed healthy growth, rising by 15% to Rs9.17 billion. However, the bank's expenses escalated to Rs49.7 billion in 2023, up from Rs41.6 billion in the preceding year.

Despite the impressive earnings, ABL's tax burden expanded significantly, with taxes amounting to Rs45.5 billion in 2023, a substantial increase compared to the Rs25.5 billion paid in 2022.

14/02/2024

PSL 9 Anthem 'Khul ke Khel' Released

Here is the link: https://youtu.be/JjWPzUamTsE?si=omCaqHr15p4haoS-

14/02/2024

The 2024 elections in the northwestern region of Khyber Pakhtunkhwa (KP) have resulted in a victory for the Pakistan Tehreek-e-Insaf (PTI) party. The founder of PTI, Imran Khan, who has been in custody since August of the previous year, has nominated Ali Amin Gandapur as the forthcoming chief minister of KP. Imran Khan confirmed Gandapur's nomination to journalists during a formal discussion, emphasizing that his party would not engage in negotiations with the Pakistan Peoples Party (PPP) and Muttahida Qaumi Movement-Pakistan (MQM-P) for a coalition government.

In a pivotal election in Dera Ismail Khan - NA-44, PTI's Ali Amin Gandapur triumphed over Maulana Fazlur Rehman of the Jamiat Ulema-e-Islam-Fazl (JUI-F), securing 92,244 votes. Ali Amin Gandapur, a prominent politician, had previously served as the Federal Minister for Kashmir Affairs and Gilgit-Baltistan from October 5, 2018, to April 10, 2022. He also held the position of Provincial Minister for Revenue in the Provincial Assembly of KP from 2013 to 2018.

14/02/2024

Pakistan's exports to the Middle East have seen a notable rise in the first half of this year, according to State Bank of Pakistan data. Exports surged by 32.33 percent, reaching $1.506 billion, compared to $1.138 billion last year. This uptick is primarily attributed to increased purchases of Pakistani products by countries such as the UAE, Saudi Arabia, and Kuwait. However, exports to Qatar and Bahrain experienced a decline during the same period.

Pakistan recently inked a free trade agreement with the Gulf Cooperation Council (GCC) nations, which is anticipated to further bolster exports to this region. Notably, exports to Saudi Arabia soared by 48.27 percent to $328.23 million, while those to the UAE saw a 37.93 percent increase, reaching $1 billion.

Conversely, exports to the UAE dipped by 20.23 percent compared to last year. Pakistan chiefly exports rice, meat, cotton clothes, and fruits like guavas and mangoes to the UAE. Exports to Kuwait registered a slight increase of 2.21 percent, while exports to Qatar and Bahrain decreased by 14.9 percent and 1 percent, respectively.

Overall, the surge in exports to the Middle East signals a positive shift from last year's downturn. Additionally, Pakistan's imports decreased by 7.24 percent this year, indicating reduced inbound trade compared to the previous year.

This upswing in exports to the Middle East bodes well for Pakistan's trade landscape, signaling recovery and highlighting the nation's potential for further expansion in global markets.

14/02/2024

Gold prices have experienced a decline nationwide. As per the All Pakistan Gems and Jewelers Association, the price per tola has dropped by Rs. 3,500, reaching Rs. 210,800. Similarly, the price for 10 grams of gold has decreased by Rs. 3,001, now at Rs. 180,727. In the global market, the price of gold has also fallen by $33, settling at $2,010 per ounce.

14/02/2024

The PPP and PML-N, in collaboration with several other parties, have agreed to unite and establish a coalition government in the country. Asif Ali Zardari is poised to potentially assume the presidency for the second time. In a significant development, six parties including PML-N, PPP, MQMP, PML-Q, IPP, and BAP have declared their intention to form a government akin to the Pakistan Democratic Movement (PDM) government. Following a meeting at the residence of PML-Q President Chaudhry Shujaat Hussain, Asif Ali Zardari announced their collective decision to collaborate in forming the government.

Bilawal Bhutto Zardari, a leader of the PPP, stated that his party would support PML-N in selecting its prime minister but would refrain from joining the government themselves. However, for key positions such as the National Assembly speaker, Senate chairman, and president, PPP advocates for Asif Ali Zardari's candidacy as they believe he can contribute to addressing the country's challenges. PPP also seeks to have their leader Sarfraz Bugti appointed as the chief minister of Balochistan.

It is reported that PML-N will endorse Zardari for the presidency if PPP supports Shehbaz for prime minister. In this scenario, PML-N would occupy the prime ministerial position while PPP would hold the presidency. A leader of PML-N clarified that PPP did not seek the presidency role directly. He also highlighted Shehbaz's experience in working with allies, contrasting it with Zardari's reputed aptitude for making prudent decisions. Additionally, there is hope that Fazlur Rehman from JUI-F will join the government.

14/02/2024

Rana Tanveer Hussain, a former minister from the PML-N, has asserted that Maryam Nawaz, the party's senior vice-president and daughter of former Prime Minister Nawaz Sharif, is positioned to make history as Punjab's inaugural female chief minister.

14/02/2024

On February 14, 2024, reports suggest that the Pakistani government is contemplating raising the price of high-speed diesel (HSD) by Rs6.3 per liter in the latter part of February. This potential hike is influenced by global oil price fluctuations and other economic factors affecting the local fuel market.

The ex-refinery price of HSD, a key factor in determining retail prices, has surged by approximately Rs8 per liter, bringing the current price to Rs206.57 per liter, a noticeable increase from the previous rate of Rs198.56 per liter. Conversely, the ex-refinery price of petrol has seen a modest rise of Rs0.85 per liter, reaching Rs190.32 per liter.

Additionally, there has been a slight strengthening of the local currency against the US dollar since the last pricing adjustment, with a weighted average rate of around PKR 279.37 per USD, impacting fuel prices in the domestic market.

Taking these factors into account, the expected net change for HSD and petrol, factoring in the exchange rate adjustment, is projected to be an increase of Rs6.3 and Rs0.35 per liter, respectively.

It's important to recognize that while these adjustments are being considered, the final decision on fuel prices depends on various factors such as global oil market trends and exchange rate fluctuations. Therefore, the government will announce the new prices at midnight on February 15, 2024.

These adjustments in fuel prices carry significance as they directly affect consumers, businesses, and different sectors of the economy. They also reflect the government's efforts to manage fuel subsidies and uphold fiscal stability amid external economic pressures.

The government's decision to revise fuel prices is part of its ongoing endeavor to balance economic considerations and ensure the sustainability of the energy sector, while endeavoring to minimize the impact on consumers and the broader economy.

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