Business
The government extends the hours of freestanding food and kiryana stores to 10 PM every day.
– The Committee for Monitoring and Implementation of Fuel Conservation and Additional Austerity Measures on Wednesday recommended to extend the applicability of certain austerity measures till June 30, 2026 besides extending the closing time of standalone grocery and kiryana stores to 10:00 PM all days of the week.
The committee, which met under the chair of Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar, evaluated numerous instances submitted by different ministries and divisions seeking exemptions from the applicability of specific austerity measures and finalised its recommendations in this regard.
It was also decided to keep the consular attestation services functional at the Ministry of Foreign Affairs and its liaison offices in Quetta, Karachi, Peshawar, Gujrat and Lahore on Fridays for facilitation of the public.
The committee suggested to extend the applicability term of those extra austerity measures whose expiry date had been notified as June 13, 2026 till June 30, 2026.
It also agreed to increase the closing hour of freestanding grocery and kiryana shops to 10 pm on all days of the week, including Saturdays and Sundays.
The meeting was attended by ministers for petroleum, climate change and IT & Telecom, special assistant to PM (SAPM) on finance, special assistant to deputy prime minister (SADPM), federal secretaries of cabinet, commerce, petroleum and IT & Telecom and senior officials of concerned ministries and divisions.
The world’s biggest cryptocurrency exchange, Binance, said it would restart withdrawals in phases, after it recovered 95% of the $6.3 billion in tokens taken from the site in the world’s greatest digital crime, which the FBI has linked to North Korea.
Binance said the phase will begin between 0600 and 0900 GMT on Sunday and will include bitcoin, ether, BNB, Solana, XRP, dogecoin and other tokens.
Binance tweeted on X late on Saturday that the other 5% of the stolen tokens are less liquid and may take longer to source in the proportions needed.
On Saturday, the FBI blamed the attack on a North Korea state-sponsored squad known as TraderTraitor.
Pyongyang has always denied deploying state-linked cyber teams for espionage, financial theft and profiteering. It did not respond to demands for comment from its Geneva mission and its embassy in China.
Law enforcement saw members of the unit turning stolen assets into the cryptocurrency ethereum, the FBI said in a statement, adding it anticipated “further laundering” of the assets using related technology.
OGRA has announced Rs14.73 rise per kilogram in the price of liquefied petroleum gas (LPG) and the new price would be Rs294.73 per kilogram.
The hike has made an 11.8kg residential cylinder dearer by Rs173.86, from Rs3,296 to Rs3,470.
As to the announcement, the new LPG pricing would be effective from November 1, 2026.
The hike was due to a 6.47 per cent increase in the contract price of Saudi Aramco, Ogra said. The authorities has published a notification announcing the revised charges.
Gold prices in Pakistan witnessed a steep drop, with 24-karat gold losing Rs10,800 per tola to Rs409,736.
The price of 10 grams of gold dropped to Rs351,282, down Rs9,259.
Gold dropped $108 per ounce to $3,872 on international markets.
The price of 24-karat silver also fell by Rs142 to Rs5,388 per tola.
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