Today’s outlook: Govt discusses higher pensions, lower petrol prices

Here are some of the news stories we are following today (Wednesday):

  • Prime Minister Imran Khan will chair a federal cabinet meeting to discuss increasing pensions of the Employees Old-Age Benefits Institution and approving auditors for the Securities and Exchange Commission of Pakistan for 2020-21. The cabinet will also discuss licences granted for illegal firearms.
  • According to the Ministry of Finance, the prices of petroleum products might be reduced by up to Rs10.
  • The European Union has allowed PIA to operate till July 3. However, the UAE Civil Aviation Authority has written a letter to Pakistan for the authentication of the licences of 50 Pakistani pilots and charter flight operation officers.
  • NAB Rawalpindi has summoned Deputy Senate Chairman Saleem Mandviwala at 11am in the Overseas Cooperating Housing Society case.
  • Special Adviser to the Prime Minister on Finance Dr Hafeez Sheikh will meet a cabinet committee on privatisation to discuss privatising the assets of PIA Investment Limited and the PIA-owned Roosevelt Hotel in New York.
  • The Islamabad High Court will hear petitions challenging the Rs25 per litre increase in petrol prices and appointment of Ghulam Sarwar Khan as aviation minister.
  • PPP Chairperson Bilawal Bhutto Zardari will hold a press conference in Lahore at 4pm.
  • A ceremony will be held at Sindh Governor House to honour the martyrs of the Karachi stock exchange building attack.
  • Shanghai Electric has offered to buy 67% shares of K-Electric. The offer was made for the sixth time.
  • ICYMI: Nigar Johar Khan has become the Pakistan Army’s first female lieutenant general. Click here to read the full story.


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