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Assembly To Begin Provincial Budget Debate Today for Balochistan Budget 2024–24

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The Provincial Budget for the upcoming fiscal year was still being discussed by the Balochistan Assembly today.

The policy for implementing development projects has been approved by the Cabinet, according to House Leader Mir Sarfraz Bugti.

The Cabinet has determined that only projects with rapid progress will be eligible for funding releases.

Younis Aziz Zahri, the leader of the opposition, stated that although there are more finances than in the previous fiscal year, the opposition nevertheless demands that all constituencies receive equal treatment in their plans.

The budget, according to Maulana Hidayat-ur-Rehman Baloch of the Opposition Benches, is people-friendly.

The government’s first budget, as well as the development plans included in the new fiscal year budget, allocated funds, transfer of federation revenue, and province revenue, were praised by Mir Ali Madad Jatak, Nawabzada Zarin Magsi, Mir Zabad Riki, and other members of the government and opposition.

Spending, Taxes, Provincial PSDP, and emphasis was placed on enabling the right use of the money held in the 21 budgeted sectors.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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