Tag: shortage
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Sindh govt’s Rs2 roti plan may trigger shortage, price inflation in the near future
Sindh Governor Kamran Tessori has announced a subsidised food program for the poor. As part of this initiative, the government will provide roti (flatbread) at a price of Rs2.
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Flour mill owners in Punjab threaten to suspend market supplies on February 14
The owners of flour mills have threatened to go on strike, halting supplies to the markets on February 14th, and are demanding that the Punjab food department immediately meet their demands. The Chairman of the Pakistan Flour Mills Association (PFMA) Punjab chapter, Chaudhry Iftikhar Ahmad Mattu, has issued a warning of a planned strike on…
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Punjab police seizes 1.3 million litres of illegally hoarded petrol in a crackdown
Pursuant to the warning issued by Petroleum Minister Dr Musadik Malik, the Punjab police initiated a crackdown against individuals engaged in the illicit stockpiling of petrol and diesel in several areas of the province, including Sheikhupura, Patoki, and Daska. The Inspector General of Punjab issued directives for strict enforcement against such practices and instructed that…
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Can’t find your medicine? Pharmaceutical firms threaten to protest from January 5
Pharmaceutical firms in Pakistan have threatened to start boycotts from January 5 after growing shortage of medicines and other life-saving drugs and to put pressure on the government to resolve the sector’s problems. After the federal government introduced policies to increase prices of raw material, several medicines including insulin, are now unavilable in markets.According to…
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S&P Global lowers Pakistan’s credit rating to CCC+
Pakistan’s long-term sovereign credit rating was downgraded by S&P Global from “B” to “CCC+” to reflect the continuous deterioration of the country’s external, fiscal, and economic metrics.
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Pakistan seeks to import 1.5 million tonnes of petrol from UAE at a negotiated price
In an attempt to begin the process of signing an intergovernmental agreement (IGA), Pakistan will write to the United Arab Emirates this week. The country is looking for a government-to-government contract to import 1.5 million tonnes of gasoline annually. According to The News, Pakistan would import 1.5 million tonnes of motor spirit (Mogas) over a…
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Oil industry warns OGRA of looming petrol, diesel shortage
Due to limited imports and constrained domestic supplies, the oil industry has warned the government that the country may witness a shortage of petrol and high-speed diesel (HSD) in the upcoming days. The Oil & Gas Regulatory Authority (OGRA) has been written about the shortfall by the Oil Companies Advisory Council (OCAC), an organisation that…
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CNG stations in Punjab, KP to remain shut till March 2023
CNG stations in Punjab and KP will stop operating from November 2022 to March 2023 as the gas crisis increases as a result of the lack of required LNG during the winter. While the government is obligated to purchase 12 LNG cargoes each month, Pakistan LNG Limited (PLL) has been unable to do so; as…
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Fears of an energy crisis increase as Pakistan fails to clinch an LNG deal
A tender for the acquisition of liquefied natural gas (LNG) that expired on Monday did not receive a single bid from any overseas suppliers, according to Pakistan LNG Limited (PLL), a wholly-owned subsidiary of Government Holdings Private Limited (GHPL). PLL originally issued an invitation for bids in August for 72 LNG cargoes to be delivered…
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Pakistan to import vegetables from neighbouring countries to overcome shortage
After devastating floods ravaged the nation, Pakistani officials made the decision to import onions and tomatoes from Iran and Afghanistan due to the rising prices and imminent food crisis. The production and supply of vegetables and other crops has been impacted by the recent torrential rains and flooding. At a meeting presided over by Commerce…