Pakistan’s Deputy Commissioner has issued a notice prohibiting the sale of petroleum products in bottles and gallons in the Khyber district. The restriction, under Section 144, will remain in effect for 30 days. The Pakistan Petroleum Division has stated that petroleum products will continue to be sold at their current prices. In other news, the Securities and Exchange Commission of Pakistan has increased the investment limit for convenience accounts to PKR 30 million.
The recent economic talks between Pakistan and the International Monetary Fund (IMF) have concluded with an announcement. France’s central bank governor, François Villeroy de Galhau, has cautioned that increasing fuel prices may require new subsidies to mitigate their impact. The Oil and Gas Regulatory Authority (OGRA) has set the prices of liquefied petroleum gas (LPG) at PKR 5,430,262, effective from the first day of the next month.
The S&P/IFCI BSE Sensex has increased by 0.4% to 78,897 points, while the 100 Index closed at 1,561,177 points on the last trading day. Social media reports suggest that no international company has expressed interest in supplying three ships to Pakistan. Meanwhile, Israeli Prime Minister Benjamin Netanyahu has released a video message to Iran’s Supreme Leader, threatening military action. On social media, cricketer Babar Azam praised the leadership of his team, calling it an honor to play under their captaincy.
In a statement, Abbas Araghchi said that the US is now asking other countries, including China, for aid to secure the Strait of Hormuz. Iran’s Revolutionary Guard Corps has claimed to have launched missile attacks on US air bases in the UAE and Saudi Arabia. Pakistan Cricket Board has honored former captain Sarfaraz Ahmed for his contributions to the national team, presenting him with an honorary shield.
The Iranian Revolutionary Guard Corps claims that the attacks were aimed at targets across the region, using multi-platform, long-range, and targetable missiles.
