Friday, December 19, 2025
Home Blog Page 10360

Uzbekistan’s Ambassador, Pakistan’s Commerce minister forge path for enhanced economic ties

By
AHMD Raja
-
0
Uzbekistan's
ISLAMABAD, Mar 29 (APP):Uzbekistan’s Ambassador to Pakistan, Aybek Arif Usmanov and Pakistan’s Commerce minister Jam Kamal Khan on Friday forged path for enhanced economic and trade relations.
Uzbekistan’s Ambassador , Aybek Arif Usmanov, met with Federal Minister for Commerce, Jam Kamal Khan, aiming to elevate economic relations between the two nations, said a press release issued here.
Usmanov praised Minister Jam’s experience in politics and expressed confidence in his ability to enhance bilateral trade.
Stressing the longstanding friendly ties between Pakistan and Uzbekistan, Usmanov emphasized the necessity of bolstering economic cooperation across various sectors through Business to Business and Government to Government agreements.
Uzbekistan’s foreign minister and deputy trade secretary have planned to visit Pakistan soon for B2B and G2G discussions aimed at boosting trade, he added.
Highlighting the potential in sectors like agriculture, pharmaceuticals, building materials, textiles, and leather, Usmanov underscored the importance of tapping into these opportunities.
Minister Khan echoed the sentiment, acknowledging the untapped potential between the two countries and emphasizing the need for improved connectivity and new trade routes to enhance trade volume.
Both dignitaries pledged for close coordination to facilitate the business community from both sides.
This commitment aligns with their shared goal of fostering stronger economic ties and creating mutually beneficial opportunities for trade and investment.

UNGA’s revitalization key to promoting world peace, security: Pakistan

By
NNPS Desk
-
0
UNGA

UNITED NATIONS, Mar 29 (APP): Emphasizing UN General Assembly’s status as the only forum with universal representation, Pakistan Thursday said that its revitalization was vital to promoting world peace and security, especially its authority for peace enforcement when the Security Council fails to act in a crisis

“This authority is significant in the context of the developments in Gaza,” Naeem Sabir Khan, a counsellor at the Pakistan Mission to the UN, said during a thematic debate on the “Role and Authority of the General Assembly,” at the UN Headquarters in NewYork.

While terming the revitalization of the 193-member Assembly a political rather than a procedural matter, the Pakistani representative called for boosting its role in the peaceful resolution of disputes under Chapter VI of the UN Charter that includes mediation, conciliation.

In this regard, he emphasized the need for limiting the encroachment of the Security Council on numerous “thematic” issues that fall within the ambit of the General Assembly — the agenda for women, peace and security; development and security; climate change and security.

Counsellor Sabir Khan also advocated for the General Assembly’s greater contribution to norm-building and codification of international law.

“The General Assembly’s pivotal role in addressing global concerns such as climate change, development, finance, terrorism, and disarmament, including through the establishment of subsidiary bodies needed to be reaffirmed

There was also the need for the development of the UNGA’s capacity to address emerging global challenges such as Outer Space, the Oceans, Artificial Intelligence (AI), and Autonomous Weapons, the Pakistani representative said.

He also proposed the establishment of a dedicated mechanism to monitor the implementation of General Assembly resolutions, with an initial step of preparing a report on the current status of implementation by the UN Secretariat.

Counsellor Sabir Khan reiterated the Charter’s allocation of distinct yet complementary roles to the General Assembly and the Security Council, emphasizing the need to uphold and respect the Assembly’s role as the principal deliberative, policy-making, and norm-setting organ of the United Nations.

Weekly inflation falls slightly

By
Muhammad Ashraf Wani
-
0
ISLAMABAD, Mar 29 (APP):The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.09 per cent for the combined consumption groups during the week ended on March 28, the Pakistan Bureau of Statistics (PBS) reported on Friday.
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 323.20 points as compared to 323.50 points during the past week.
As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 29.41 per cent.
The weekly SPI with the base year 2015-16 =100 covers 17 urban centres and 51 essential items for all expenditure groups.
The SPI for the lowest consumption group up to Rs. 17,732, decreased by 0.27 per cent and went down to 313.35 points from last week’s 314.20 points.
The SPI for consumption groups from Rs. 17,732-22,888, Rs. 22,889-29,517; Rs. 29,518-44,175 and above Rs. 44,175, decreased by 0.22 percent, 0.17 percent, 0.12 and 0.03 percent respectively.
During the week, out of 51 items, prices of 04 (7.84%) items increased, 18 (35.30%) items decreased and 29 (56.86%) items remained stable.
The items, which recorded a decrease in their average prices on a week-on-week basis included tomatoes (12.04%), wheat flour (3.80%), garlic (2.59%), LPG (2.42%), onions (1.74%), potatoes (1.07%), bananas (0.77%), pulse gram (0.57%) and sugar (0.49%).
The items that recorded an increase in their prices included LPG (1.49%), chicken (4.92%), eggs (1.61%), shirting (0.56%) and rice Irri 6/9 (0.15%).
On Year-on-Year basis, the commodities that witnessed decrease included cooking oil 5 litre (20.50%), bananas (20.20%), vegetable ghee 2.5 kg (17.87%), vegetable ghee 1 kg (17.72%), mustard oil (14.02%), diesel (2.47%), wheat flour (0.27%) and cigarettes (0.06%).
The commodities which recorded an increase in their average prices on year-on-year basis included gas charges for Q1 ( 570.00%), chilies powder (86.05%), onions (78.98%), gents sponge chappal (58.05%), gents sandal (53.37%), garlic (52.20%), gur (37.70%), chicken (37.57%), salt powder (33.29%), sugar (31.56%), energy saver (29.83%) and pulse mash (27.09%).

Juma prayers held under tight security

By
AHMD Raja
-
0
Security
SARGODHA, Mar 29 (APP):The third Juma of Ramazan-ul-Mubarak was held under tight security arrangements in Sargodha region.
A police spokesman said that 4,200 policemen were deployed at 1,899 mosques of the division.
Regional Police Officer Sharuk Kamal Siddiqui himself monitored the security situation through a mega screen. All the DPOs of the region including Bhakkar, Khushab, Mianwali and Sargodha remained in the field and Namazis were checked through metal detectors and the security situation was monitored through CCTV cameras.
No untoward incident occurred in the region. The RPO appreciated all DPOs for the security arrangements.

Seven power pilferers booked

By
AHMD Raja
-
0
FESCO
SARGODHA, Mar 29 (APP):The Faisalabad Electric Supply Company (Fesco) caught seven power pilferers
during an ongoing crackdown here on Friday.
According to official sources, a task force team raided various areas of the district
and caught seven accused involved in electricity theft from main lines and meter tampering.
They were identified as Imran Haider, Bilal, Liaquat and Safdar.
Police registered cases against them.

IRSA Advisory body to meet on April 2

By
AHMD Raja
-
0
IRSA
IRSA
ISLAMABAD, Mar 29 (APP):The Advisory Committee of the Indus River System Authority (IRSA) will meet here on April 2 to finalize water share of the provinces for the upcoming Kharif season scheduled to commence from next month.
The meeting will be presided over by Chairman IRSA Abdul Hameed Mengal. The meeting would attend member Federal Asjad Imtiaz Ali, member Punjab Amjad Saeed, member Sindh Muhammad Ehsanul Haq Leghari, member Khyber Pakhtunkhwa Syed Zahid Abbas, Chairman Federal Flood Commission, members Water and Power WAPDA, irrigation secretaries of all provinces.
The IRSA technical committee has already met with Director of Operations IRSA Khalid Idrees Rana on March 25 to finalise the preliminary findings about water availability in the upcoming Kharif season. WAPDA has also been asked to come up with a detailed presentation on Tarbela Dam constraints for the advisory committee.

Rupee gains 09 paisa against dollar

By
NNPS Desk
-
0
Rupee

ISLAMABAD, Mar 29 (APP): Pakistani Rupee on Friday gained 09 paisa against the US dollar in the interbank trading and closed at Rs277.94 against the previous day’s closing of Rs278.03.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs278 and Rs280.75 respectively.

The price of the Euro decreased by 44 paisa to close at Rs299.55 against the last-day closing of Rs299.99, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged and closed at Rs1.83, whereas an increase of 28 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs350.86 compared to the last closing of Rs350.58.

The Emirates Dirham and the Saudi Riyal decreased by 03 paisa and 02 paisa to close at Rs 75.68 and Rs 74.11 respectively.

PSX loses 137 points

By
AHMD Raja
-
0
PSX
ISLAMABAD, Mar 29 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, losing 137.02 points, a negative change of 0.20 percent, closing at 67,005.11 points against 67,142.12 points the previous trading day.
A total of 313,035,305 shares valuing Rs.9.899 billion were traded during the day as compared to 421,118,268 shares valuing Rs.16.159 billion the last day.
Some 343 companies transacted their shares in the stock market; 136 of them recorded gains and 188 sustained losses, whereas the share prices of 19 remained unchanged.
The three top trading companies were PIAC (A) with 39,192,500 shares at Rs.31.54 per share, PTCL with 32,214,179 shares with Rs.18.27 per share and Cnergyico PK with 18,949,050 shares at Rs.4.42 per share.
Hoechst Pakistan Limited witnessed a maximum increase of Rs.70.00 per share price, closing at Rs.1,300.00, whereas the runner-up was Pakistan Tobacco Company Limited with a Rs.42.95 rise in its per share price to Rs.1,122.95.
JDW Sugar Mills Limited witnessed a maximum decrease of Rs.15.50 per share closing at Rs.452.00, followed by Mehmood Textile Mills Limited with Rs.10.97 decline to close at Rs.383.03.

IRSA releases 92,800 cusecs water

By
AHMD Raja
-
0
IRSA
ISLAMABAD, Mar 29 (APP):Indus River System Authority (IRSA) on Friday released 92,800 cusecs water from various rim stations with inflow of 74,300 cusecs.
According to the data released by IRSA, water level in River Indus at Tarbela Dam was 1416.13 feet and was 18.13 feet higher than its dead level of 1,398 feet. Water inflow and outflow in the dam was recorded as 19,500 cusecs and 35,000 cusecs respectively.
The water level in River Jhelum at Mangla Dam was 1066.40 feet, which was 16.40 feet higher than its dead level of 1,050 feet. The inflow and outflow of water was recorded 25,000 cusecs and 28,000 cusecs respectively.
The release of water at Kalabagh, Taunsa , Guddu and Sukkur was recorded as 42,800, 36,800, 28,000 and 6,200 cusecs respectively. Similarly, from River Kabul, a total of 16,800 cusecs of water released at Nowshera and 6,600 cusecs released from River Chenab at Marala.

Economy commences on better note in 2024: Finance Minister

By
Muhammad Ashraf Wani
-
0
ISLAMABAD, Mar 29 (APP):Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Friday said that with significant improvements in key economic indicators the economy in year 2024 commenced on a better note.
Addressing the business community at Gong Ceremony at Pakistan Stock Exchange (PSX) Karachi, the minister said that the Ministry of Finance, in collaboration with the Ministry of Law and Federal Board of Revenue (FBR), was working to eliminate leakages in tax revenue and bring more people into the tax net.

Economy commences on better note in 2024: Finance Minister

The minister also highlighted the completion of the International Monetary Fund (IMF) review and the potential for future relations with the fund, said a statement issued here.
He mentioned that government was working to bring reforms in State-owned enterprise (SOEs), privatization and energy sectors besides improving tax system. He, however highlighted the role of the private sector in economic development.
The Finance Minister acknowledged the importance of the capital market in advancing economic growth adding that the government would work with Securities and Exchange Commission of Pakistan (SECP) to create a conducive regulatory environment for economic growth in the capital market.
Economy commences on better note in 2024: Finance Minister
He said the government would focus more on improving the efficiency, transparency, and protection of investors in the capital market to enhance its performance.
He said the finance ministry would collaborate with the capital market to facilitate access to capital for small and medium-sized businesses.
Aurangzeb expressed gratitude for Chinese participation and investment in Pakistan’s capital market and stock holdings.
He emphasized that the growing cooperation between PSX and Chinese exchanges was vital for the economic development of Pakistan and mutual benefits for both countries.
Meanwhile, during his visit to Karachi, the federal minister also visited Utility Stores Corporation (USC) to review the coverage and benefits of the Ramadan Relief Package. The purpose of the visit was to ensure implementation of the package.
It is pertinent to mention, the allocated amount for the Ramadan Relief Package has been increased from Rs. 7.5 billion to Rs. 12 billion.
The minister discussed the challenges in implementing the Ramadan Relief Package with USC officials and also met with the public in Karachi to addressed their concerns related to the package.
The minister assessed the availability of essential items at utility stores in Karachi and also reviewed a newly launched APP providing details of mobile utility stores and sales points.
He verified the operating hours of mobile utility stores and sales points to facilitate public access through the newly launched APP.
Aurangzeb reviewed the distribution and sale statistics of items under and oversaw the setup and operations of nominated mobile units for distributing subsidized food items among deserving individuals.
The Finance Minister emphasized fair distribution among deserving individuals and stated that efforts were being made to ensure quality of goods.

Economy commences on better note in 2024: Finance Minister

 

Economy commences on better note in 2024: Finance Minister

 

1...10,35910,36010,361...31,050Page 10,360 of 31,050

ABOUT US

Serving the nation since 1947 by providing an accurate, objective, uninterrupted flow of news to the people, the national news service is pursuing a comprehensive strategy to transform the existing news operations into a forward-looking service – APP Digital for its diverse subscriber-base and the public.

Contact us: news@app.com.pk

FOLLOW US

Copyright © Associated Press of Pakistan