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High-level Chinese official Yang Jiechi to arrive in Islamabad today

Published

2 years ago

Farwa

During his visit Yang Jiechi will meet Foreign Minister Bilawal Bhutto-Zardari, PM Shehbaz Sharif.
FO says Yang “has a prominent role in China’s foreign relations” and had has served as China’s foreign minister and state councillor.
Says visit is part of regular high-level exchanges between Pakistan and China.

ISLAMABAD: Yang Jiechi, a high-level member of the Chinese Communist Party, will arrive in Islamabad with a delegation today for a two-day trip to Pakistan, said the Foreign Office spokesperson on Wednesday.

According to the FO, Yang Jiechi is a member of the Politburo of the Central Committee of the Communist Party of China (CPC) and Director of the Central Commission on Foreign Affairs of the CPC.

During his visit, from June 29-30, the Chinese official will hold talks with Foreign Minister Bilawal Bhutto-Zardari and call on Prime Minister Shehbaz Sharif.

Apart from Yang, the Chinese delegation will include China’s vice ministers for foreign affairs and commerce, vice chairman of the China International Development Cooperation Agency (CIDCA), and deputy secretary-general of the National Development and Reform Commission (NDRC).

The FO said that the Yang “has a prominent role in China’s foreign relations” and had previously served as China’s foreign minister from 2007-13 and state councillor from 2013-17.

“The visit is part of the regular high-level exchanges between Pakistan and China. Recently, these interactions included a virtual meeting between the Foreign Ministers on 11 May 2022; Prime Minister’s telephone call with Premier Li on 16 May 2022; and Foreign Minister’s visit to China on 21-22 May 2022,” said FO spokesperson.

The spokesperson said that the director Yang’s visit is reflective of the importance both countries attach to further deepening the “all-weather strategic cooperative partnership”, reaffirming mutual support on issues of each other’s core interests, enhancing economic engagement, exploring new avenues of bilateral cooperation for the betterment of the two peoples, advance high-quality development of CPEC, and coordinate positions on important regional and global issues of mutual interest.”

Business

Pakistan’s gold prices continue to decline.

Published

7 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

7 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

7 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.