Latest News

After concluding his trip to Pakistan, Iranian President Raisi departs for Tehran.

Published

2 weeks ago

Farwa

From Karachi Airport, the Iranian President departed for Iran. At Jinnah International Airport, Sindh Governor Kamran Khan Tesori, Chief Minister Syed Murad Ali Shah, and other high-ranking officials bid farewell to the Iranian president.

The Iranian president met with a number of high-ranking officials while in Pakistan, including Prime Minister Shehbaz Sharif, Governor Balighur Rehman, Governor Kamran Tessori of Sindh, Governor Maryam Nawaz of Punjab, Governor Asim Munir of the Army Staff, and CM Murad Ali Shah.

Prior to this, Dr. Seyyed Ebrahim Raisi, the president of Iran, reaffirmed his commitment to fostering bilateral ties with Pakistan.

At a celebration held in his honor last night at the Chief Minister House in Karachi, he was speaking to a sizable crowd.

According to the president of Iran, both sides are thinking about working together to support political, economic, commercial, and public relations efforts for the growth and well-being of their respective populations.

Iran has advanced significantly in industry, research, and technology, according to Dr. Syed Ebrahim Raisi, and it is prepared to share its expertise with Pakistan.

The Iranian president reaffirmed his commitment to removing trade restrictions with Pakistan.

Raisi’s trip to Lahore
During his visit to Allama Iqbal’s mausoleum earlier in the day, Ebrahim Raisi emphasized his “special connection” to the Pakistani people.

Raisi and his delegation were welcomed at the Allama Iqbal International Airport by Punjab Chief Minister Maryam Nawaz.

The Iranian president expressed his desire to speak at a public event in Pakistan during his remarks at the event.

When paying his respects at Allama Muhammad Iqbal’s mausoleum in Lahore, Ebrahim Raisi stated, “I wanted to address a public rally in Pakistan but the conditions were such that it could not be made possible.”

Business

Pakistan’s gold prices continue to decline.

Published

2 days 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

3 days 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

3 days 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.