The Pakistan Coast Guards effectively executed a major operation in Pasni, Balochistan, resulting in the seizure of a substantial 1488 kilograms of narcotics, valued at around $24.83 million (Rs. 7.4 billion).
The Punjab government has announced that it will provide compensation of Rs2 million to each family of the Christian community that lost their houses during recent violence in Jaranwala. This decision was made during a visit by the caretaker provincial cabinet to the Association of Evangelical Churches in Jaranwala. The visit was aimed at expressing solidarity with the Christian community.
Despite significant increases in electricity prices and ongoing power sector reforms, Pakistan’s circular debt is predicted to rise by approximately Rs545 billion by the upcoming March, as reported. This projection illustrates a deviation from initial estimates and highlights the challenges associated with addressing inefficiencies in the power sector.
The 7th China-South Asia Exposition and the 27th China Kunming Import and Export Fair commenced in Kunming, the capital of Yunnan province, on Wednesday. This five-day event serves as a significant catalyst for the burgeoning trade and business connections between China and countries in South Asia.
Tragedy struck when a passenger bus collided with a pickup truck near Pindi Bhattian, resulting in a fire that claimed the lives of at least 18 individuals and left 11 others injured. The incident, which occurred close to Hafizabad tehsil, was attributed to the bus driver allegedly falling asleep at the wheel, leading to a loss of control and the subsequent collision, according to rescue officials who spoke with Express News.
Shah Mahmood Qureshi, the Vice President of the Pakistan Tehreek-e-Insaf (PTI) party, was arrested in Islamabad near his residence.
The interim government has taken a significant step by prohibiting the issuance of firearms licenses, with the aim of enhancing national security and reducing potential risks.
Pakistan has achieved a significant milestone as its three main reservoirs—Mangla, Tarbela dams, and Chashma Barrage—have simultaneously reached their maximum capacity within a single day, marking a historic moment. This achievement, which took place on August 17th, has led to a combined water storage of 13.443 million acre-feet (MAF), raising hopes for strong crop yields during the ongoing Kharif season and the upcoming Rabi season.
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.
