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NEC backs closing of markets countrywide at 8:30pm

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In an attempt to save energy, the National Economic Council (NEC) has decided to order the closure of markets across the country at 8:30pm.

The NEC took the decision Wednesday during a meeting chaired by Prime Minister Shehbaz Sharif. The meeting was attended by chief ministers of all provinces.

The NEC met a day after President Ari Alvi approved the reconstitution of the body with Prime Minister Shehbaz Sharif as chairman. The meeting was attended by chief ministers of Balochistan, Khyber Pakhtunkhwa and Punjab while Khyber Pakhtunkhwa was represented by its chief secretary Dr Shehzad Khan.

According to a statement, the chief ministers appreciated the steps taken by the federal government to deal with the energy crisis and the four provinces agreed on the proposal to close the markets at 8.30pm.

The statement also said that Sindh, Punjab and Balochistan chief ministers have asked for two days to implement the decision as they wish to consult the traders’ association in their provinces. 

The chief ministers also backed the decisions of the federal cabinet on nationwide measures to deal with the energy crisis and assured their full cooperation in tackling the energy crisis.

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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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