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Domestic, industrial and commercial consumers require a new LPG policy taking into account new ground realities as the last liquefied petroleum gas (LPG) policy was formulated in 2015. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President, Irfan Iqbal Sheikh received the Petroleum Minister, Musaddik Malik, who visited the Federation House and consulted a large gathering of local LPG producers, and commercial and industrial users of gas. Addressing the gathering, the FPCCI president said “LPG is the fuel of the masses and it can play a decisive role…

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Federal Minister for Power Khurram Dastgir Khan inaugurated 220 kV grid station Lalian and 500 kV grid station Faisalabad West in districts Chiniot and Faisalabad respectively on Monday. Speaking on the occasion, the federal minister said that the reliability of the power transmission network is equally important to provide an uninterrupted power supply to consumers with an improved voltage profile. “The present government is fully cognisant of the difficulties of consumers and their issues, like low voltage and forced load shedding, which are being resolved through the addition of grid…

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Pakistan’s Real Effective Exchange Rate (REER) declined to 90.94 in September compared to 94.38 in August, data released by the State Bank of Pakistan (SBP) showed on Sunday. As per the latest data, the REER decreased by 3.65% on a monthly basis. The last time the REER was close to 100 was in June 2021. A REER below 100 means the country’s exports are competitive, while imports are expensive. Experts say a REER close to 100 suggests a place where the currency does not favour either exports’ competitiveness or imports.…

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MULTAN-Sui Northern Gas Pipelines Limited (SNGPL) General Manager (GM) Shahzad Iqbal said that the gas connections of commercial consumers were being cancelled and cylinders will be provided to them at their doorsteps to ensure gas supply to domestic customers in the winter season. SNGPL GM expressed these views while addressing the executive body of Multan Chamber of Commerce and Industry (MCCI), here, on Sunday. He further said that the RLNG gas cylinders will be provided to commercial consumers at the rates set by OGRA. He said that the initiative was…

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Islamabad-Overall economic outlook shows an optimistic picture of the economic performance in the coming months, while the government expects that CPI inflation will show a declining trend in October and will remain in the range of 21- 22.5 percent as against 23.20 percent during the previous month. The CPI inflation is declining, rupee has gained stability, current account balance is on improving trend, said the monthly Economic Update and Outlook October 2022 released by the Ministry of Finance here on Sunday. These development indicate that economic activity will remain positive…

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