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Shahbaz Sharif, Qureshi’s nomination papers for PM’s election accepted by NA

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  • Joint Opposition’s candidate Shahbaz Sharif files nomination papers for PM’s election. 
  • PTI’s Shah Mahmood Qureshi is also contesting election for Prime Minister’s office.    
  • Shahbaz Sharif says cases against Nawaz Sharif will be perused according to law.  

ISLAMABAD: Joint Opposition’s candidate and PML-N President Shahbaz Sharif and PTI’s Shah Mahmood Qureshi’s nomination papers to contest the re-election for the slot of the prime minister have been accepted by the National Assembly of Pakistan.

Taking to Twitter, the NA announced that the nomination papers of both candidates were scrutinised, after which they were accepted. 

The prime minister’s slot fell vacant after Imran Khan was ousted through a no-confidence vote after the National Assembly (NA) debated on the matter for more than 12 hours and the political situation in the country took a critical turn.

The NA session to elect the new leader of the House will convene at 2pm tomorrow (Monday).

Shahbaz Sharif, accompanied by Shahid Khaqan Abbasi, Syed Naveed Qamar, Khurshid Ahmed Shah, Mohsin Dawar and others, submitted his nomination papers to the NA secretariat. He is the joint Opposition’s candidate for Prime Minister.

National harmony top priority: Shehbaz Sharif

Talking to journalists after submitting his nomination papers, Shahbaz Sharif said that national harmony will be his top priority. “People will be provided relief after boosting the economy,” he added.

The PML-N leader said that he will form a new cabinet after consultation with Opposition leaders. He said they will kick off a new era and will promote a culture of mutual respect in the country.

Talking about foreign policy, Shahbaz said that they wanted peace with India but it is not possible without the resolution of the Kashmir issue.

Responding to a question about cases against PML-N supremo Nawaz Sharif, he said that the cases will be perused according to the law.

Business

Pakistan’s gold prices continue to decline.

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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.

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Business

Price of LPG “slashed” by Rs. 20 per kilogram

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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.

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Business

ADB delegation stops by FBR headquarters

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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.

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