PM Sharif increases Ramadan package to $44.8 million amid staggering inflation 

PM Sharif increases Ramadan package to $44.8 million amid staggering inflation 
In this handout photo, taken and released by Prime Minister Office, Pakistan Prime Minister Shehbaz Sharif chairs meeting to monitor the rain and flood situation in Khyber Pakhtunkhwa province at the Governor House in Peshawar on March 6, 2024. (Photo courtesy: PMO/File)
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Updated 10 March 2024
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PM Sharif increases Ramadan package to $44.8 million amid staggering inflation 

PM Sharif increases Ramadan package to $44.8 million amid staggering inflation 
  • Pakistan’s national, provincial administrations typically announce Ramadan packages before holy month 
  • Utility stores, mobile units to provide food items at lower prices to deserving families, says PM’s Office 

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday increased the Ramadan relief package to Rs12.5 billion ($44.8 million), his office said, as Islamabad scrambles to provide relief to the masses by lowering the prices of essential items amid staggering inflation. 

Pakistan’s national and provincial administrations typically announce Ramadan packages ahead of the Muslim fasting month to provide relief to the public. These packages mostly reduce prices of essential food items such as flour, sugar, lentils, milk and dates through utility stores and other outlets to ease the burden of increased food consumption during Ramadan. 

They also include special Ramadan bazaars to help low- and middle-income families access other necessities. 

On Thursday, Sharif unveiled a Rs7.5 billion ($26.8 million) Ramadan relief package for the masses ahead of the holy month, during which millions of Muslims all over the world fast from dawn till sunset. 

“The prime minister has increased the volume of Ramadan relief package from Rs7.5 billion to Rs12.5 billion,” the PMO said. 

“Apart from increasing the volume of the package, he has also directed for its scope to be enhanced.”

The PMO said utility stores, Benazir Income Support Program (BISP) and mobile units will provide food items at low prices under the package to deserving families in Pakistan.

Sharif directed authorities to deliver food packages to as many poor people as possible.

“From the first of Ramadan till its end, food items will be provided at lower rates compared to the markets,” the PMO said.

Pakistan’s inflation rate was recorded at 23.1 percent in February, marking its lowest level since June 2022, on an annual basis despite surging food and energy costs, official data revealed this month. 

Pakistan continues to face historically high inflation, though the situation has improved from the all-time high level of 38 percent recorded last year in May.


Pakistan November consumer inflation slows to 4.9% year on year

Pakistan November consumer inflation slows to 4.9% year on year
Updated 57 sec ago
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Pakistan November consumer inflation slows to 4.9% year on year

Pakistan November consumer inflation slows to 4.9% year on year
  • The finance ministry projected inflation would slow to 5.8%-6.8% in November and ease to 5.6%-6.5% in December
  • The South Asian country last month slashed interest rates by 250 basis points to help revive a sluggish economy

KARACHI: Pakistan’s annual consumer inflation slowed to 4.9% in November largely due to a high base a year earlier, the statistics bureau said on Monday, lower than the government’s forecast.
The finance ministry had projected inflation would slow to 5.8%-6.8% in November and ease to 5.6%-6.5% in December, it said in its monthly economic report published last week.
The South Asian country slashed interest rates by 250 basis points earlier in November to help revive a sluggish economy amid a big drop in the rate of inflation.
Consumer inflation cooled from 7.2% in October, a sharp drop from a multi-decade high of nearly 40% in May 2023.
Consumer prices in November rose +0.5% from October, according to the Pakistan Bureau of Statistics.


Ex-PM Khan booked in six new cases relating to Islamabad protests — party

Ex-PM Khan booked in six new cases relating to Islamabad protests — party
Updated 17 min 12 sec ago
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Ex-PM Khan booked in six new cases relating to Islamabad protests — party

Ex-PM Khan booked in six new cases relating to Islamabad protests — party
  • The protests resulted in clashes that Pakistan’s government says killed three paramilitary soldiers and a policeman
  • Khan’s party has held several protests this year to demand his release from prison and to challenge Feb. 8 poll results

ISLAMABAD: Former prime minister Imran Khan has been booked in six new cases relating to last week’s protests in Islamabad, Khan’s Pakistan Tehreek-e-Insaf (PTI) party said on Monday, adding to legal woes of the incarcerated premier.
Khan’s PTI led supporters to Islamabad from Peshawar and other cities in the Khyber Pakhtunkhwa (KP) province on November 24, seeking to pressure the government to release the ex-premier from prison.
The protests resulted in clashes that Pakistan’s government says killed three paramilitary soldiers and a police officer, and injured hundreds of others. The PTI has named 12 people who it says were killed during the crackdown.
On Monday, the PTI said the Rawalpindi police sought physical remand of the former premier in cases relating to last week’s protests, but a court ordered his judicial custody till the moving of bail applications in all the cases.
“Imran Khan’s counsels Barrister Salman Safdar, Salman Akram Raja, Usman Riaz Gill and PTI Chairman Barrister Gohar Ali Khan, along with his family members, will meet him today,” the PTI said in a statement.
Separately, PTI Vice-Chairman Shah Mahmood Qureshi was brought from Lahore to Adiyala jail in Rawalpindi to be presented before a judge in a case relating to violent protests in the country by PTI supporters on May 9, 2023, according to Khan’s party.
“After being handed over to jail authorities, we are hopeful his meetings with his legal team and party leaders will resume accordingly,” it added.
Both Khan and Qureshi have been in jail since August last year and entangled in a slew of legal cases, which they say were politically motivated to keep the party out of power.
The PTI party has staged several protests this year to demand the release of Khan and to challenge results of the Feb. 8 national election, which it says were manipulated to favor its opponents. The Pakistani government and election authorities deny this.
Last week’s protests were by far the largest to grip the capital since the poll and the Pakistani government said they caused Rs192 billion per day indirect losses to the economy.


Authorities broker second ceasefire between warring sects tribes in Pakistan’s northwest

Authorities broker second ceasefire between warring sects tribes in Pakistan’s northwest
Updated 12 min 28 sec ago
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Authorities broker second ceasefire between warring sects tribes in Pakistan’s northwest

Authorities broker second ceasefire between warring sects tribes in Pakistan’s northwest
  • The violence in Kurram district erupted after gunmen attacked a convoy of vehicles carrying mostly Shiites, killing 52 people on Nov.21
  • Some Shiites, after burying the victims, launched attacks on Sunni Muslims and clashes ensued, killing 78 people and wounding 200 others

PESHAWAR: Pakistani authorities with help from community leaders brokered a second ceasefire between warring minority Shiites and Sunni Muslims in a troubled northwestern region bordering Afghanistan following a deadly sectarian violence that left dozens of people dead, officials said Monday.
The violence in Kurram, a district in Khyber Pakhtunkhwa province, erupted after gunmen attacked a convoy of vehicles carrying mostly Shiites, killing 52 people on Nov.21. Though nobody claimed the assault, some Shiites, after burying the victims, launched attacks on Sunni Muslims and clashes ensued, killing 78 people and wounding 200 others.
A ceasefire was reached on Nov. 24, but didn’t last long before violence flared up again. This time, authorities are hopeful it will hold.
Javed Ullah Mehsud, the deputy commissioner of Kurram, said tribal leaders helped negotiate the respite Sunday night and that police have been deployed to ensure peace in the area.
Shiite Muslims make up about 15 percent of the 240 million people in Sunni-majority Pakistan, which has a history of sectarian animosity between the communities.
Shiites dominate parts of the Kurram district. Though Shiites and Sunnis generally live in peace there, land disputes have led to sectarian violence in recent months.


Pakistan PM congratulates UAE leadership and people on 53rd National Day

Pakistan PM congratulates UAE leadership and people on 53rd National Day
Updated 02 December 2024
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Pakistan PM congratulates UAE leadership and people on 53rd National Day

Pakistan PM congratulates UAE leadership and people on 53rd National Day
  • The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment
  • PM Sharif says Pakistan will keep striving to further strengthen ties with the UAE to transform them into an economic partnership

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Monday congratulated the leadership and the people of the United Arab Emirates (UAE) on its 53rd National Day, hoping to further strengthen fraternal Pakistan-UAE ties into an economic partnership.
The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment, valued at over $10 billion in the last 20 years, according to the UAE foreign ministry. It is also home to more than a million Pakistani expatriates.
Policymakers in Pakistan also consider the Gulf country an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.
In a message on X, PM Sharif extended his heartiest felicitations to the leadership and the people of the UAE, saying Pakistan was proud of the Gulf nation’s “remarkable journey of progress and prosperity.”
“Pakistan has always remained a steadfast brother and partner of the UAE,” he said. “Together, we will continue to strive to further strengthen our historical and fraternal ties and transform them into a mutually beneficial economic partnership. Long live Pakistan-UAE friendship!“
He said the UAE was founded on the wisdom and sagacity of the late former president Sheikh Zayed bin Sultan Al-Nahyan and today that vision to achieve excellence through innovation and modernization was carried forward by UAE President Sheikh Mohamed bin Zayed Al-Nahyan and Prime Minister Sheikh Mohammed bin Rashid Al-Maktoum.
The UAE-Pakistan trade volume rose to $7.9 billion in 2023, up 12 percent from 2022. In May this year, PM Sharif said the Emirates had committed $10 billion to invest in promising economic sectors in Pakistan.
The Pakistan Business Council (PBC), set up this September at the Sharjah Chamber of Commerce and Industry, also aims to increase Pakistan’s bilateral trade volume with the UAE to $40 billion in three years.


Pakistan offers support to Malaysia after floods displace over 122,000

Pakistan offers support to Malaysia after floods displace over 122,000
Updated 02 December 2024
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Pakistan offers support to Malaysia after floods displace over 122,000

Pakistan offers support to Malaysia after floods displace over 122,000
  • The number even surpassed the 118,000 evacuated during one of Malaysia’s worst floodings in 2014
  • Both countries agree to encourage the two relief authorities to hold discussions on support from Pakistan

ISLAMABAD: Pakistan’s deputy prime minister and foreign minister, Ishaq Dar, on Sunday telephoned Malaysian Foreign Minister Hajji Mohamad bin Hajji and offered Islamabad’s assistance following the evacuation of more than 122,000 people due to recent floods in Malaysia, the Pakistani foreign ministry said.
The massive floods, caused by relentless rains, swept through Malaysia’s northern states, killing at least four people, according to Malaysian disaster management officials.
The number surpassed the 118,000 evacuated during one of the country’s worst floodings in 2014, and officials feared it could rise further as there was no let-up in torrential downpours.
During the telephonic conversation, Dar offered his deepest sympathies on the tragic loss of lives and property in Malaysia, according to the Pakistani foreign ministry.
“He conveyed Pakistan’s full solidarity with the people of Malaysia and the readiness to extend immediate humanitarian assistance to Malaysia in this difficult time,” the Pakistani ministry said in a statement.
“The two ministers also agreed to encourage the disaster relief authorities of the two countries to continue discussions on humanitarian support from Pakistan.”
Pakistan and Malaysia enjoy a strong bilateral relationship, rooted in shared Islamic values and historical ties.
Since 1957, they’ve fostered economic cooperation, defense collaborations, and cultural exchange. The Pakistan-Malaysia Free Trade Agreement of 2008 boosted trade and investment, while regular high-level visits have solidified their partnership, underpinned by mutual respect and trust.