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Pakistan Celebrates National Day in UAE with Diplomatic Reception

  The Embassy of Pakistan in the United Arab Emirates (UAE) hosted a grand reception today to commemorate Pakistan's National Day, attended by members of the diplomatic corps, senior UAE government officials, Emirati nationals, and the Pakistani community. His Excellency Sheikh Nahayan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, graced the occasion as the Chief Guest, alongside Minister of State for Foreign Affairs, His Excellency Ahmed bin Ali Al Sayegh. The event featured traditional performances, including the national anthems of Pakistan and the UAE played on traditional instruments. The Pakistani flag was prominently displayed on the hotel building, visible across Abu Dhabi, symbolizing the strong ties between the two nations . In his address, Ambassador Faisal Niaz Tirmizi reflected on the significance of the Pakistan Resolution and the challenges faced by the nascent state in its journey toward socio-economic development. He highlighted various opportuni...
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Fuel Prices in Pakistan May Decline Next Month

The petroleum prices in Pakistan are expected to decline as local currency continued to recover against US dollar, interim Information Minister Murtaza Solangi said on Saturday.


Speaking to the media in Karachi on Saturday, Murtaza Solangi commented on reports that fuel prices could decrease from October 1st. He attributed this possibility to the Pakistani rupee's strengthening against the US dollar in recent days.


The rupee has gained approximately Rs. 30-35 since the interim government launched an administrative crackdown on currency manipulators, smugglers, and black marketeers. These measures were taken after the rupee plummeted to an all-time low against the dollar earlier this month.


Solangi said the rupee's recovery, currently sitting at 291.76 per dollar in the interbank market, has boosted hopes that petrol and diesel rates may reduce at the next fortnightly fuel price review. 


However, he also noted that global oil rates are an influencing factor outside of the government's control. International prices set domestic fuel costs in Pakistan.


Nonetheless, the information minister believes citizens will benefit to some degree from the rupee's appreciation versus the dollar. This could lower the price at the pump through reduced import costs.


Currency traders have also expressed confidence that continued crackdowns may strengthen the rupee to below Rs. 250 against the greenback. Their analyses point to increased remittance inflows and reduced dollar demand in the legal market.


Of course, much depends on whether exchange rate gains are sustained. But for now, a drop in domestic fuel rates from October seems a real possibility according to top officials, if the rupee's recovery over the coming weeks remains on its current positive trajectory.


Motorists struggling under record petrol and diesel prices will hope stability and further strengthening materialize for the currency. Only then will fuel cost relief potentially become a reality for consumers.

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