Latest News

Due to security concerns, Karachi highways were closed before the visit of the Iranian president.

Published

1 week ago

Farwa

According to the information provided, containers have been positioned on the roadways stretching from Shahrah-e-Quaideen in Khudadad Colony to Numaish Road.

The authorities have blocked MA Jinnah Road in both directions, using containers. The road leading to Saddar from the People’s Secretariat has also been cordoned off with containers.

As per the traffic plan published by the Karachi police, Club Road from PIDC to Metropole will be fully inaccessible to vehicles.

According to the plan, Doctor Ziauddin Road from Signal Chowk to PIDC would be fully closed. Doctor Ziauddin Road will be closed from Khajoor Chowk to PIDC. Traffic from Sultanabad will be redirected from Doctor Ziauddin Road Khajoor Chowk to Aiwan-e-Sadar Road.

Travelers heading from Shara-e-Faisal to Sultanabad should make a left turn at Club Chowk. Citizens can proceed from Club Chowk to Clifton Bridge on the left side. Meanwhile, those traveling from Khalique-uz-Zaman Road and Gizri should continue straight at Ziauddin Signal.

The Deputy Inspector General of Police (DIG), Ahmed Nawaz, has declared the temporary closure of both lanes of Shara-e-Faisal from 3 pm to 5 pm as a precautionary measure for security reasons.

Business

Pakistan’s gold prices continue to decline.

Published

8 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

8 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

8 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.