Pakistan has increased the price of diesel to 335.86 rupees per liter and petrol to 321.17 rupees per liter, effective immediately. The government will provide a subsidy of 95.59 rupees per liter for petrol and 203.88 rupees per liter for diesel to oil marketing companies. The move comes as the global market continues to experience volatility due to tensions in the Middle East and rising oil prices.
The government has also widened the scope of the “Roshan Digital Account” scheme, as directed by Prime Minister Shehbaz Sharif. The scheme is expected to benefit non-resident Pakistanis and foreign legal entities. The State Bank of Pakistan has announced that it will allow non-resident Pakistanis and foreign legal entities to open Roshan Digital Accounts.
Meanwhile, Karachi Port has handled more than the total container shipments of the last year in just 24 days this month. The port’s increased activity has raised concerns about the security and stability of the region. The global market has experienced a significant increase in gold prices, with the price reaching $4,445 per ounce after a 10-dollar decline.
A federal art commission has approved the final design of a 24-carat gold commemorative coin featuring Donald Trump. The move has sparked controversy and criticism from various quarters. The Pakistan Small Traders and Cottage Industries Association has expressed concerns about the impact of the increased prices of petroleum products on the economy.
The government has taken steps to mitigate the effects of the price increase on the public, including the widening of the scope of the Roshan Digital Account scheme. The State Bank of Pakistan has also announced that it will allow non-resident Pakistanis and foreign legal entities to open Roshan Digital Accounts.
China’s Cosco Shipping Company has resumed new bookings for shipments from some Gulf countries after a three-week suspension. The global market has experienced a significant increase in gold prices, with the price reaching $4,565 per ounce. A French news channel has exposed a coordinated disinformation campaign against Pakistan.
The Ministry of Commerce has announced that it has permitted the export of goods through land routes to Iran, Azerbaijan, and Central Asian countries. The foreign ministers of Saudi Arabia, Turkey, Egypt, and Pakistan will meet in Islamabad to discuss regional and international issues.
The government has suspended five medical officers and five paramedics, including two nurses and a worker, for their alleged involvement in a video case. The US has sent its third naval fleet to the Middle East to prepare for war with Iran.
In other news, Pakistani actor Hamza Ali Abbasi has issued a statement regarding his sister’s recent scandal.
