Latest News

Nawaz Sharif departs for a five-day personal visit to China.

Published

1 week ago

Farwa

Nawaz Sharif, the leader of the Pakistan Muslim League-Nawaz (PML-N) and a former prime minister, departed for China on Monday night for a five-day private visit.

Nawaz Sharif is visiting China, escorted by Foreign Minister Ishaq Dar.

Nawaz Sharif reportedly planned to see Chinese company owners as well as discuss the Punjab province’s development projects. During his visit in China, he will also have a medical examination.

In addition, the fact that Nawaz and his party chose China for his first overseas trip after he returned to Pakistan in October of last year shows how much weight the Asian superpower holds.

Eight other Chinese companies were reportedly prepared to start working right away, while 16 Chinese companies had expressed interest in the Nawaz Sharif IT City, which is the brainchild of Punjab Chief Minister Maryam Nawaz, who has plans for similar projects in all of the province’s major cities.

Remarkably, Prime Minister Shehbaz Sharif’s scheduled visit to China ahead of his anticipated talks with Chinese authorities next month coincides with the elder Sharif’s visit.

Dar’s presence alongside Nawaz simultaneously underscores the party leadership’s confidence in him and serves as a reminder of why he was chosen to be foreign minister.

The fact that this visit was organized in the wake of the recent terror assault in Shangla on Chinese engineers involved in the Dasu hydroelectric Project, however, may provide some insight into the significance of this visit.

That was followed by Pakistan’s resolute pledge to deal harshly with those groups that have been attacking Chinese citizens in an effort to undermine the cordial relations between the two countries.

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.