The Sensitive Price Indicator (SPI)-based inflation for the week ending August 16, 2023, rose by 0.78 percent compared to the previous week, with a year-on-year increase of 27.57 percent, as reported by the Pakistan Bureau of Statistics (PBS).
The CDA Department of Building Control, South, has officially categorized 597 constructions and building projects within the federal capital as unauthorized and in violation of building control regulations. In light of this, the Director of Enforcement has been formally notified to take appropriate measures as outlined in a letter.
Imports within the petroleum group observed a decline of 44.89 percent during the initial month (July) of the current fiscal year 2023-24 (FY24), compared to the same period in the previous year. This information was provided by the Pakistan Bureau of Statistics (PBS), which reported that these imports amounted to $791.434 million, in contrast to the $1.436 billion recorded in July 2022.
In July 2023, Pakistan’s Real Effective Exchange Rate (REER) experienced a notable increase, surging by 3.86 percentage points to reach 91.59. The latest monthly data provided by the State Bank of Pakistan (SBP) reveals a substantial rise from the previous month’s figure of 87.73 in June 2023.
In a tragic incident, a young man lost his life and two others were injured due to a dispute arising from charges related to an easypaisa transaction. The dispute reportedly occurred between a shopkeeper and a customer in Rawalpindi over alleged extra charges on an easypaisa transaction. The argument escalated, leading to the shopkeeper shooting at the individuals. One person died, and two of his relatives were injured.
The caretaker Federal Minister for Communication, Railways & Maritime, Shahid Ashraf Tarar, has expressed the intention to explore the possibility of obtaining investment for the Multan-Lahore section of the Main Line (ML-1) through a Build Operate and Transfer (BOT) approach.
Road accidents are alarmingly frequent in Punjab, with 1,107 incidents reported in the past 24 hours, causing 10 deaths and injuring 1,143 people. Among the injured, 565 were seriously hurt, while 578 received minor injuries and immediate treatment.
Prominent fast bowler Hasan Ali sustained a finger injury during the ongoing Lanka Premier League (LPL) at the R. Premadasa International Cricket Stadium.
Khyber Medical University (KMU) in Peshawar has taken strong measures against harassment and corruption within its domain. An instructor at Grade 18 level resigned after being implicated in harassment, corroborating the university’s commitment to addressing misconduct.
The Pakistan Army has achieved a successful operation to rescue six foreign climbers who were trapped on the treacherous Concordia peak. The rescue effort was prompted by a distress call from the stranded climbers, consisting of four British nationals, one Polish climber, and their local guide.
Developing strategic energy plans and monitoring mechanisms led by experts is crucial to achieve equitable energy access and eliminate energy poverty, stated Former Ambassador Naghmana Hashmi.
A private Airbus A-320 aircraft encountered a bird strike during landing at Lahore’s Allama Iqbal International Airport, causing an engine fire.
