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Meeting of the Privitization Commission: Government to Guarantee Transparency in Privitization of Establishments

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The appointment of financial advisors from prestigious institutions to the departments to be privatized was decided upon by the Privitization Commission at its 22nd meeting.

Under the direction of Federal Minister for Privatization and Investment Abdul Aleem Khan, the board meeting was conducted.

The discussion included a briefing on the technical aspects of the privatization of PITA as well as the potential for the privatization of the Roosevelt Hotel in New York.

The meeting approved the major issues surrounding the institution’s privatization.

Federal Minister Abdul Aleem Khan presided over the meeting and stated the government would guarantee transparency in the process, citing the importance of privatization of institutions.

The government wants to privatize the institutions that are losing money and spare the national exchequer from more financial strain, he stated.

Minister Aleem Khan stated that making better and more sensible decisions is in the greater interest of the country, even though he was pleased with the privatization commission board’s performance.

The national exchequer has already seen significant losses, he continued, and we cannot afford to face more financial strain.

The minister emphasized that every organization that complies with the laws and guidelines needs to be part of the privatization process.

The addition of financial experts is a positive trend, according to Federal Minister Abdul Aleem Khan.

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Petrol prices are expected to experience another increase in Pakistan.

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The inflation-affected nation is expected to encounter another increase in petrol prices, with recommendations indicating a rise of Rs. 2.58 per litre for petrol and Rs. 5.91 per litre for high-speed diesel.

Sources indicate that, if sanctioned, petrol prices will ascend to Rs. 250.96 per litre, whereas high-speed diesel will be priced at Rs. 261.05 per litre.

Sources indicated that the suggested increase is due to the elevated premium on petroleum products in the worldwide market and rising import expenses.

The premium on imported petroleum products has increased, leading the government to contemplate pricing modifications effective November 16, sources indicated.

On October 31, the federal government published the prices of petroleum products for the upcoming fortnight, increasing the prices of petrol and high-speed diesel.

A notification announced an increase in petrol price by Rs 1.35, raising it to Rs 248.38 a litre. The price of high-speed diesel was fixed at Rs 255.14 per litre after an increase of Rs 3.85.

Also read: Pakistan’s weekly inflation jumps to 15.02pc

Simultaneously, the costs of light diesel and kerosene oil were reduced. The statement states that kerosene oil is priced at Rs 148.5 per litre following a reduction of Rs 4.92.

The cost of light fuel was reduced by Rs 2.61 to Rs 147.51 per litre.

The rampant hike in the prices came at the time when the weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed an increase of 0.28 percent for the combined consumption groups during the week ended on October 17, the Pakistan Bureau of Statistics (PBS) reported.

According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 319.79 points as compared to 318.91 points during the past week.

In comparison to the same week last year, the SPI for the combined consumption group during the reviewed week experienced a 15.02 percent increase.

The weekly SPI with the base year 2015-16 =100 covers 17 urban centres and 51 essential items for all expenditure groups.

Likewise, SPI for the lowest consumption group of up to Rs 17,732 witnessed increase of 0.27 percent and went up to 313.74 points from last week’s 312.91 points.

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PIA-Mora Agreement Regarding Hajj Flights: PIA Will Offer Travel Services to 35,000 Hajj Pilgrims Under Government Program

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The Ministry of Religious Affairs and PIA have finalised an agreement about hajj flights.

According to the deal, the national flag airline would offer travel accommodations to thirty-five thousand pilgrims participating in the government-sponsored hajj program.

The spokesperson for the Ministry of Religious Affairs stated that agreements with Saudi Airlines and other domestic carriers will be concluded shortly.

Agreement signed between ministry of religious affairs and pia regarding hajj flights: religious affairs ministry spokesperson

The national airline will offer travel services to 35,000 official pilgrims. spokesperson for the Ministry of Religious Affairs

The contract was executed yesterday at the Ministry of Religious Affairs. spokesperson

The agreement was signed by PIA CEO Air Vice Marshal Aamir Hayat and Additional Secretary of Religious Affairs Dr. Syed Attaur Rahman. spokesman

PIA CEO Air Vice Marshal Aamir Hayat reiterated his commitment to provide the best facilities to hajj pilgrims

Contracts with Saudi Airlines and other regional carriers will be concluded shortly. spokesperson for religious affairs.

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PML-N President Nawaz Sharif’s Media Statement: Pak-US Relations Remain Stable and Will Enhance Following President-Elect Donald Trump’s Inauguration

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Nawaz Sharif, President of the Pakistan Muslim League-Nawaz, has spoken hope regarding the stability and potential enhancement of Pakistan’s relations with the United States following President-Elect Donald Trump’s decisive victory in the recent US elections.

The PML-N President stated that the Indian cricket team ought to have visited Pakistan for the forthcoming Champions Trophy 2025, which may have enhanced bilateral relations.

Nawaz criticized the Pakistan Tehreek-e-Insaf on smog pollution in Punjab, questioning, “Where is the billion-tree tsunami? Where are the billion trees, the 5 million jobs, and the dams?” I am unable to perceive anything. PTI should identify the project initiated during its governance at the federal level.

Chief Minister Punjab Maryam stated that the smog issue has persisted for long years and cannot be rectified instantaneously; nonetheless, we are exerting our utmost efforts to address it. We are undertaking all necessary measures to address this issue. No measures were implemented previously to address this issue.

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