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Government Takes Action Against Smuggling in an Effort to Stabilize the Economy

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3 months ago

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In an effort to boost the nation’s economy, the Pakistani government has begun an anti-smuggling campaign. Targeted by this operation is the smuggling of necessities like oil, food, sugar, fertilizer, and fertilizer, which causes shortages for the general populace.

Authorities countrywide seized 3,252 cigarette stocks, 58 fabric bales, 0.959 million gallons of Iranian oil, 4 metric tons of grain, and 126.4 metric tons of sugar between September 1 and September 8.

There were 2,154 cigarette stocks seized in Quetta and 1,098 stocks confiscated in Karachi. Furthermore, four metric tons of flour and 120 metric tons of sugar were seized in Multan, and 6.4 metric tons of wheat were also seized in Quetta. 0.002 million liters of Iranian oil were found in Multan, 0.064 million liters in Karachi, and 0.893 million liters in Quetta.
In addition, 48 textile bales in Quetta and 10 in Multan were found.

Since September 1, 2023, the nation has confiscated 16,636 million gallons of Iranian oil, 4,337,251 cigarette stocks, 151,292 fabric bales, 3,470.106 metric tons of grain, 35,091.71 metric tons of sugar, and 13,088.75 metric tons of fertilizer.

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

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5 days ago

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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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5 days ago

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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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