Pakistan is facing multiple economic challenges, including rising inflation, energy shortages, and a decline in the value of its currency. The country’s inflation rate has increased by 48.61% in the past year, with the price of diesel rising by 101.18%. The government has announced a new schedule for gas supply in various regions of Karachi, with consumers facing difficulties due to the city’s load-shedding issues.
According to sources, gas supply will be available from 5 am to 10 am and from 6 pm to 10 pm. However, gas supply will be suspended from 10 am to 12 pm and from 12 pm to 3 pm. The Sui Southern Gas Company has announced that gas supply will be available from 12 pm to 3 pm and from 6 pm to 10 pm, with a suspension of supply from 3 pm to 6 pm.
The rising cost of living is affecting various industries, including textiles, which have seen a monthly increase in imports. The government has announced plans to implement a new tax policy to reduce the burden on consumers. The country’s currency, the rupee, has depreciated against the US dollar, making imports more expensive.
The price of liquefied petroleum gas (LPG) has increased significantly, with dealers and shopkeepers selling it at a price of Rs. 530 per kilogram, which is Rs. 200 more than the government’s approved price. The Pakistan Stock Exchange (PSX) has seen a decline in the value of its index, with the 100-index falling to 150,398 points.
The government has announced a three-month extension of the subsidized power package, but the power division has reported that industrial and agricultural sectors have increased their electricity consumption by 23% during this period. The chairman of the Pakistan Public Transport Owners Association has called for the government to reduce the price of diesel.
The US president, Donald Trump, has announced that the deadline for the US-led mission is set for March 20, and that the US military is the greatest in the world. The mission has been criticized for its handling of the situation, with reports of US forces destroying Iranian aircraft.
The government has announced that bakeries, restaurants, and marriage halls will be closed at 10 pm, with the new policy set to be implemented on April 7. The Israeli media has reported that the country’s defense system has failed to intercept multiple incoming attacks, with Israel requiring time to load interceptors. A member of Congress has compared the Sharif University of Technology with the Massachusetts Institute of Technology.
A renowned Tamil actress, Sobhasri Balasubramanian, was found dead in her rented apartment in Chennai. The 36-year-old actress was known for her role in the popular TV series “Kalyanam” and was found dead in her flat, with her colleagues and fans expressing shock and grief.
The article highlights the challenges faced by Pakistan, including rising inflation, energy shortages, and a decline in the value of its currency. The government’s response to these challenges has been criticized, with the opposition calling for immediate action to address the economic crisis.
