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Pakistan

Inflation rate drops by 3.4pc in April

The rate of inflation was recorded at 20.7 percent in March 2024, but in April this rate was recorded at 17.3 percent

Published by Noor Fatima

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Islamabad: The Bureau of Statistics released data regarding inflation.

According to the Bureau of Statistics, the rate of inflation was recorded at 20.7 percent in March 2024, but in April this rate was recorded at 17.3 percent after a fall of 3.4 percent.

The Bureau of Statistics stated that after a 0.1 percent decline in urban inflation, the rate was recorded at 19.4 percent, and in April, rural inflation saw a 0.9 percent drop to 14.5 percent.

The Bureau of Statistics stated that after a 0.1 percent decline in urban inflation, the rate was recorded at 19.4 percent. And April saw a 0.9 percent drop in rural inflation to 14.5 percent.

According to the Bureau of Statistics, the rate of inflation was recorded at 36.4 percent in April 2023, while the rate of inflation was recorded at 25.97 percent from July to April of the current financial year.

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Pakistan

Govt releases funds to end current passport backlog

It is also reported that the backlog will end as soon as the procurement of passport machinery and lamination paper is completed

Published by Noor Fatima

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Islamabad: The Ministry of Finance has released funds to end the current passport backlog.

According to the media reports quoting sources of the Passport Office, the international advertisement for the tenders for the purchase of printing machines and e-passport machines has been issued, while the international advertisement for the lamination papers used in printing has also been released.

It is also reported that the backlog will end as soon as the procurement of passport machinery and lamination paper is completed. At this time more than 800,000 passports are being delayed in printing.

According to passport and immigration officials, 20 to 25 thousand passports are being printed daily, while 40 to 45 thousand applications are being received for issuance of passports based on customs clearance.

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Business

Gold price decreases in int’l, local market

Officials stated that local prices of gold came down due to the low prices in the international market

Published by Qurrat Tul Ain

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Karachi: The gold price has decreased to $2308 per ounce with the reduction of $8 in the international billion market. 

According to the details, in the local markets the 24-caret gold’s price reduced to Rs900 and came to Rs241000 while the price of 10 grams of gold also reduced to Rs771 and came to Rs206619. 

Similarly, the price of silver per tola reduced Rs10 and came to Rs2620 and the 10 grams silver price reached to Rs2246.22 with the reduction of Rs8.58. 

However, the officials stated that the local prices of gold came down due to the low prices in the international market. 

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