Latest News

The three-day visit of the Iranian president begins in Pakistan

Published

2 weeks ago

Farwa

Along with a senior group of cabinet members and officials, the Iranian president arrived at the nation’s capital with his spouse.

Housing Minister Mian Riaz Hussain Pirzada and Pakistan’s ambassador to Iran, Mudassir Tipu, met Raisi upon his arrival at the Islamabad airport, according to the Foreign Office (FO).

Arriving at the Prime Minister’s House shortly after entering the nation, Prime Minister Shehbaz Sharif greeted the Iranian president. Furthermore, a guard of honour was given to him.

In honour of Earth Day, PM Shehbaz and Raisi planted a seedling in the PM’s residence. Along with signing memorandums of understanding for collaboration in a number of fields, the two presidents would also be present at the signing ceremony.

Iran Avenue is a highway in Islamabad, and Shehbaz and Raisi will be attending a ceremony to commemorate this. According to a state-run news source, they will also have a press conference.

The Iranian president will see the president, speaker of the National Assembly, Senate chairman, and prime minister of Pakistan during his visit, which runs from April 22 to 24, according to the foreign office.

Talks to improve trade, bilateral ties, and collaboration in the energy, agricultural, and other sectors will be held between the officials.

In order to address the shared threat of terrorism, the parties will have bilateral meetings as well as regional and global collaboration on topics. This was announced by the foreign office.

President Raisi’s agenda, according to sources, includes exploring possible free trade agreements, collaborating on security matters, building a gas pipeline, and bilateral relations.

With the intention of fostering better economic ties, Pakistan and Iran have also chosen to create a joint special economic zone.

As President Ebrahim Raisi prepares to visit Pakistan on April 22 (Monday), sources told ARY News that the federal cabinet approved the signing of a Memorandum of Understanding (MoU) with Iran.

Sources further stated that the establishment of the Joint Special Economic Zone will occur at the level of governments.

To meet with the provincial leaders of the nation, the Iranian president would also travel to the cities of Karachi and Lahore. The mausoleum of Allama Iqbal is another destination Raisi is expected to see.

In order to honour the man who founded Pakistan, Raisi will also go the Quaid’s mausoleum in Karachi. Arriving in Tehran on Wednesday, the foreign leader would remain in Karachi.

Business

Pakistan’s gold prices continue to decline.

Published

12 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

12 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

12 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.