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SSGC not to suspend gas supply on account of Muharram

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  • Decision taken on account of Muharram.
  • SSGC decides not to suspend gas supply from August 5-8.
  • Gas supply to capto power, industries will also be ensured.

KARACHI: On account of Muharram, the Sui Southern Gas Company Thursday decided not to suspend gas supply.

In a notification issued by the gas supplier, the SSGC has decided not to suspend gas supply from August 5-8.

It was further announced that gas supply to captive power plants and industries will not be cut off, as well.

Earlier, the company had said it would suspend supply to CNG stations from August 5 to August 8.

It should also be noted that the federal government approved two holidays on account of Ashura (Muharram 9 and 10).

The holidays will fall on August 9 and 8 as Pakistanis and Muslims across the globe will observe the religious occasion with grief and sorrow.

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Senate Session: Senate Proceeds With Debate On Important National Issues

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Today, the Senate reconvened in the Parliament House in Islamabad, with Chairman Sadiq Sanjrani presiding.

The House has persisted in debating matters of national significance.

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Elections

Government Formation: PML-N & PPP To Hold New Round Of Talks Today

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The Pakistan Peoples Party and the Pakistan Muslim League-Nawaz would begin their second round of negotiations today.

In a casual chat with reporters, PML-N Leader Azam Nazir Tarar stated that the negotiations are progressing well.

Tarar went on to say that some decisions on PPP’s involvement in the Cabinet had already been made.

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Business

Over 600 points are added by PSX in intraday trading.

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Tuesday’s lunchtime trading on the Pakistan Stock Exchange saw favorable activity.

During intraday trading, the benchmark KSE-100 Index increased by 672.08 points, or 1.11%, and was trading at 61131.82 levels.

The KSE-30 Index was trading at 20,558.31 after adding 211.46 points, or 1.04%.

The Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples’ Party (PPP) had another round of discussions for the establishment of a central government the day before the rally in the local stock exchange.

In the meanwhile, Fitch Ratings has issued a warning, stating that the likelihood of default would rise in the event of a drawn-out discussion or the inability to reach an agreement with the International Monetary Fund (IMF).

According to the State Bank of Pakistan, which reported net foreign reserves of $8 billion as of February 9, 2024, up from a low of $2.9 billion on February 3, 2023, Pakistan’s external situation has improved recently.

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