Latest News

Shahbaz proposes formation of national govt for next 5 years sans PTI’s participation

Published

2 years ago

Farwa

Opposition Leader in the National Assembly and PML-N President Shahbaz Sharif Wednesday floated the idea of forming a national government in which PTI has no participation.

“The national government — sans PTI — should be formed for the next five years,” the PML-N president said during an interview with Geo News’ programme “Capital Talk”.

Mentioning that it was his personal idea of forming such a government, Shahbaz said that the new leadership that comes into power should work with all the dedication so as to set a benchmark.

“And then we can see what happens,” he told senior journalist and anchorperson Hamid Mir.

With the National Assembly session for voting on the no-confidence motion against Prime Minister Imran Khan just weeks away, the government is trying to woo its allies for supporting it during the voting.

The Opposition is also attempting to cajole the PTI allies and seeking to break the government alliance in the lower house — by holding back-to-back meetings with them.

PM Imran Khan has said that he is ready for everything that the Opposition plans to throw his way — but he has also intensified meetings with allies ahead of the no-trust motion session.

Both — the government and the Opposition — are set to hold massive rallies in Islamabad before the crucial session — with the government’s gathering scheduled for March 27, while the Opposition’s “long march” will take place after March 25, once the Organisation of Islamic Cooperation’s (OIC) session ends.

Numbers game

It is noteworthy that the three allies have 17 representatives in the National Assembly. If these parties join the Opposition, the PTI government’s strength will fall to 162 from 179, and the total number of MNAs in the unified opposition would rise to 179.

To pass the no-trust motion, the Opposition needed the backing of 172 MNAs. The NA currently has a total membership of 341 members, with one seat empty.

The illustration shows the breakdown of the representatives of the government and the Opposition in the National Assembly. — Illustration via Geo News

The ruling coalition now has 179 MNAs in favour, while the Opposition has 162 MNAs in the lower house of parliament. The Opposition required the backing of ten more MNAs to dislodge the Imran Khan government.

Business

Pakistan’s gold prices continue to decline.

Published

2 days ago

Farwa

The price of ten grams of 24 carat gold dropped by Rs 1,201 to Rs 205,418 from Rs 206,619, while the price of ten grams of 22 carat gold dropped to Rs 188,300 from Rs 189,400, according to the All Sindh Sarafa Jewellers Association.

Silver, priced at Rs. 2,620 per tola and Rs. 2,254.80 per ten grams, stayed at that level. As reported by the organization, the price of gold dropped by $11 on the global market, to $2,297 from $2,308.

Business

Price of LPG “slashed” by Rs. 20 per kilogram

Published

2 days ago

Farwa

Sources claim that LPG rates have been lowered by Rs 20, making the cost per kilogram drop from Rs 280 to Rs 260.

It is noteworthy to remark that the costs of LPG were reduced by Rs 20 per kilogram earlier, resulting in a total reduction of Rs 40 per kilogram within a few weeks.

The price of liquefied petroleum gas for the month of May 2024 was lowered by the Oil and Gas Regulatory Authority (OGRA) on April 30.

The LPG tariffs were lowered by Rs 11.88 to Rs 238.46 per kilogram in accordance with the OGRA’s notice. On Wednesday, May 1, 2024, the new rates will go into effect.

In April of last year, the price per kilogram of LPG was Rs 250.34. pricing reduction of Rs 140.18 has resulted in a new pricing for home LPG cylinders set for May 2024 of Rs 2813.85.

The OGRA reported a drop in liquefied petroleum gas pricing in April. The price of LPG is now Rs 250.34 per kg instead of Rs 256.78 due to a reduction of Rs 6.44 per kg.

The price of the household cylinder was fixed at Rs 2954.03 for the month of April, down from Rs 3030.12, a decrease of Rs 76.9.

Business

ADB delegation stops by FBR headquarters

Published

2 days ago

Farwa

Senior Director ADB Tariq Niazi oversaw the expedition, which also involved Sana Masood, Farzana Noshab, and Senior Public Sector Management Specialist Laisiasa Tora. The meeting included presentations from economists as well, according to an FBR press release.

The officers focused on structural and policy adjustments as they discussed the Domestic Resource Mobilization Program’s implementation at the meeting.

$300 million was given to the Pakistani government by ADB in December 2023 as a result of the hard work and dedication of FBR. Better laws, regulations, and institutional capability for the FBR were established by Sub-Program I.

With the $300 million in funding provided by the Asian Development Bank (ADB) to the Government of Pakistan in December 2023, the delegation conveyed satisfaction with the program’s effective launch.

The FBR also underlined how crucial digitization is to recording the economy and boosting productivity in a sustainable way.

In order to promote the Government of Pakistan’s Digital Tax Administration Project, both parties decided to look into measures to improve their cooperation.