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Tough decisions will revive economy: Finance Ministry

The governance and financial performance in government-owned institutions should be improved, said the finance ministry.

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Islamabad: The Monthly Economic Update and Outlook for February 2024 has been released by the Ministry of Finance.

According to the Ministry of Finance, the economy is on the path of recovery due to tough and unpopular decisions. The new government should make necessary reforms to restructure Federal Bureau of Revenue (FBR). The governance and financial performance in government-owned institutions should be improved.

The Ministry of Finance stated that economic stabilization measures, encouraging business confidence along with exchange rate stabilization contributed to the positive economic outlook for Pakistan amid ongoing challenges.

The Monthly Economic Update and Outlook for February 2024 said that the actions of the past few months have restored market confidence and accelerated economic activity.

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Pakistan

Appeal to postpone PTI intra-party election submitted to ECP

The petitioner requested that the PTI intra-party election schedule be postponed until the ECP decides on his objections.

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Islamabad: Election Commission of Pakistan (ECP) has been appealed to postpone the intra-party elections of Pakistan Tehreek=-e-Insaf (PTI).

According to the details, an application has been filed in the Election Commission to postpone the PTI intra-party election.

Petitioner Naveed Anjum Khan took the stand that he submitted nomination papers for chairmanship as PTI worker which were rejected by PTI election board raising different objections.

‘PTI constitution allows me to participate in intra party election as chairman,’ he added.

The petitioner requested that the PTI intra-party election schedule be postponed until the Election Commission decides on his objections. As a PTI worker, he requested the Election Commission to hear his appeal.

It is pertinent to note that intra-party elections of PTI are going to be held on March 3.

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Business

OGRA cuts LPG price for March

The price of 11.8 kg domestic cylinder has been reduced by Rs 9.51.

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Islamabad: The Oil and Gas Regulatory Authority (OGRA) has reduced the prices of Liquid Petroleum Gas (LPG) for the month of March.

According to the notification issued by OGRA, the price of LPG has been reduced by Rs0.80 per kg.

The price of 11.8 kg domestic cylinder has been reduced by Rs 9.51, after which the new price of domestic cylinder has been fixed at Rs3,300.

It is pertinent to note that the OGRA had set the domestic cylinder price at Rs3,039 for the month of February.

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