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Govt to present IMF plan to clear Rs3.6tr gas debt

The government will present the IMF with a three-year plan to clear Pakistan’s gas sector circular debt. The debt has reached around Rs3.6 trillion, or $12.9 billion, as officials prepare for review talks in late September. The Finance Ministry will brief the lender on the proposed settlement mechanism during the upcoming review. However, officials will […]

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BREAKING: Petrol hits N1,430 in Abuja as Strait of Hormuz Crisis worsens

Many filling stations across the Federal Capital Territory (FCT) have continued to increase the pump price of Premium Motor Spirit (PMS), popularly known as petrol.

  • Petrol prices in Abuja rise to N1,430 per litre
  • Strait of Hormuz crisis triggers N85 Dangote refinery price hike
  • Rising petrol costs may worsen inflation and economic hardship

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