Sargodha: As a result of gas cylinder explosion in a house in Sargodha, two people have been killed and 2two have been seriously injured.

According to the details, the cylinder explosion took place in Fazil Town, a suburb of Sargodha, where the gas cylinder in the house suddenly burst with a loud explosion.

The explosion was so intense that the house collapsed. Two people died on the spot while two were injured under the debris.

After receiving the information about the incident, the rescue team reached the spot and removed the dead bodies and the injured from the wreckage and shifted them to the hospital where the injured are being given medical aid.

The condition of the injured is said to be critical, a woman and a man are among the dead.

Rahim Yar Khan: A passenger bus overturned due to a tire burst near the Motorway-M5 Iqbalabad Interchange, as a result of which three people died and 34 were injured.

According to the police, three passengers including a woman died in the accident while 34 people were also injured in the accident.

The rescue officials say that as soon as the accident was reported, the dead and injured were shifted to the hospital where the injured are being given medical aid while starting rescue operations.

According to the rescue officials, the bus that suffered the accident was going from Islamabad to Karachi.

Karachi: The State Bank of Pakistan (SBP) stated that the uncertain political situation is having negative impact on the country's economy.

The State Bank released the first half-year report of the financial year 2024 titled ‘State of Pakistan's Economy’ on Tuesday, which contains an analysis of the statistics for the fiscal year 2024 from July to December.

According to the report, real economic activity recovered moderately from last year's contraction, while the Standby Agreement (SBA) with the International Monetary Fund (IMF) helped ease pressure on the external account but the economy continues to face structural constraints.

According to the central bank, the major problems faced include limited savings, low investment in physical and human capital, low productivity, stagnant exports, low number of taxpayers and inefficiency of public sector enterprises.

The State Bank said that the uncertain political situation is having a negative impact on the country's economy, improving the political and policy uncertainty and further fiscal consolidation can help reduce inflation sharply in the short term.