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PM Gives Orders To Draft An Action Plan To Rejuvenate Economy

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The responsible authorities have been instructed by Prime Minister Shehbaz Sharif to immediately draft an action plan to boost the country’s economy.

While presiding over a meeting in Islamabad to discuss measures for the nation’s economic restoration and progress, he issued these directives.

He said that his administration will seek to strengthen the nation’s economy, encourage foreign investment, and support the business community. He declared that his administration’s top goal is economic restoration and that swift action is required to solve severe economic issues.

He emphasized how crucial it is to give investors and entrepreneurs the tools and resources they need in order to create an atmosphere that is favorable to business.

The prime minister reaffirmed the government’s commitment to lowering red tape and fostering a climate that is supportive.

To further talks on the Extended Fund Facility (EFF), the prime minister also ordered urgent interaction with the International Monetary Fund (IMF).

The government’s commitment to obtaining outside assistance to strengthen the nation’s economic resilience is demonstrated by this endeavor.

The Finance Secretary provided Shehbaz Sharif with an in-depth briefing on the present status of the country’s economy during the meeting. During the briefing, topics of discussion included important economic indicators, difficulties, and possible ways to promote economic recovery.

In keeping with the government’s proactive efforts to reduce financial burdens on taxpayers and boost economic activity, the Federal Board of Revenue also cleared tax refunds of 65 billion rupees at the event.

To further improve service delivery and minimize line losses, guidelines were also issued to hasten the switch to smart metering in the gas and power industries.

At the end of the discussion, a commitment was made to continue the conversation and work together with stakeholders from all sectors in order to map out a course for sustainable economic growth and prosperity.

In addition, the gathering was attended by luminaries like as Senator Masood Malik and National Assembly members Ata Tarar, Shiza Fatima, Rominah Khurshid, Ahad Cheema, and Jehanzib Khan.

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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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