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PPP to support PML-N in upcoming by-elections on 20 Punjab Assembly seats

Published

2 years ago

Farwa

Polling will take place on July 17, as per ECP schedule.
PPP has decided to support PML-N in view of country’s interest, says Hassan Murtaza.
PPP’s candidates will withdraw their nomination papers.

LAHORE: The PPP on Wednesday announced that the party would support PML-N’s candidates who will take part in the upcoming by-elections on the 20 vacant seats of the Punjab Assembly.

The seats had fallen vacant after the Election Commission of Pakistan (ECP) had de-seated PTI’s dissident lawmakers for voting against party policy.

The polling will take place on July 17, as per the ECP schedule that was issued on May 26. Meanwhile, the nomination papers for the by-elections can be submitted from June 4 to 7 and this will be followed by the returning officers carrying out scrutiny of the nomination papers till June 11. However, the appeals against the returning officers’ decisions can be filed till June 15.

“In view of the country’s interest, the PPP has decided to support the PML-N’s candidate for all the 20 vacant seats,” PPP provincial minister Hassan Murtaza said while addressing a joint press conference flanked by PML-N’s Attaullah Tarar and Malik Ahmad Khan.

Both the parties, however, will remain political rivals during the next general elections, clarified the PPP’s leader.

However, the PPP’s candidates will withdraw their nomination papers for the upcoming by-elections on the seats.

On his part, PML-N’s Malik Ahmad vowed that they will jointly inflict defeat on PTI during the upcoming by-polls on all the 20 seats.

Tarar said that there were coalition governments in Punjab and the centre, adding that the consensus and unity will be maintained in the future as well.

He maintained that they were united not only on the front of elections but also on the governance. Responding to a question, the PML-N minister warned that they will take strict action against those who will take the law into their hands.

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

2 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

2 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.