Latest News

Arriving in Lahore is Iranian President Raisi.

Published

1 week ago

Farwa

At the airport, Raisi and his delegation were met by Punjab Chief Minister Maryam Nawaz.

As Iranian President Ebrahim Raisi is visiting the city, Punjab has also declared today as a public holiday in Lahore to prevent traffic problems for the general people.

After the elections on February 8, a new administration was sworn in, and this is the first foreign head of state to visit.

A day earlier, the foreign office announced that Iranian President Raisi had arrived in Islamabad for a three-day formal visit.

At his arrival in Islamabad, President Raisi received a hearty welcome. He met with Army Chief Gen. Asim Munir, President Asif Ali Zardari, and Prime Minister Shehbaz Sharif on the first day of his tour. Also paying the visiting president a visit were the speaker of the National Assembly and the chairman of the Senate.

In an additional move to strengthen cooperation in a range of areas, including trade, science and technology, agriculture, health, culture, and judicial concerns, Pakistan and Iran signed eight accords on Monday.

Amidst the Iranian President Ebrahim Raisi’s formal three-day visit to Pakistan, the two nations signed these documents.

Officials from both sides signed the paperwork in front of President Raisi and Prime Minister Muhammad Shehbaz Sharif.

Establishing the Rimdan-Gabd Joint Free/Special Zone is the subject of an agreement between the two nations. Iranian advisor to the president and secretary of the Supreme Council of Free Trade, Industry, and Special Economic Zones, Hojjatollah Abdolmaleki, signed the pact with Secretary Board of Investment Ambreen Iftikhar.

Business

Pakistan’s gold prices continue to decline.

Published

6 hours 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

6 hours 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

6 hours 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.