Connect with us

Business

The resolution regarding Afghan commerce has been approved by the KP Assembly.

Published

3 months ago

on

Khyber Pakhtunkhwa Assembly has adopted a resolution concerning Afghan trade.

The resolution in the KP Assembly was introduced by MPA Arbab Usman of the Awami National Party (ANP).

He argued that trade with Afghanistan was essential for financial benefit in the resolution. Both nations were confronted with billions of rupee losses as a result of the ongoing trade obstacles.

It underscored the fact that KP was a central route for cross-border commerce, and the development of trade routes was inevitable.

The extension of commerce could enable KP province to engage in business and trade with other countries.

According to the resolution, the KP province’s dependence on the federation would be restricted by its trade and commercial relations with Afghanistan.

Pakistan’s government was urged to implement measures to reestablish trade with Afghanistan.

A strategic location of KP province provides access to Afghanistan via the Torkham Border, which is situated just 50 kilometers from Peshawar.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

The price of petrol in Pakistan may experience an increase starting February 1, 2025.

Published

39 minutes ago

on

By

The government led by Prime Minister Shehbaz Sharif is anticipated to increase fuel and diesel prices starting February 1, 2025, further impacting inflation-affected citizens.

The increase in crude oil prices has raised apprehensions over more escalations in the prices of petroleum products domestically.

Sources indicate that petrol prices may increase by Rs3 per litre, while high-speed diesel (HSD) is anticipated to rise by Rs6 per litre in the forthcoming fortnightly review.

The Oil and Gas Regulatory Authority (Ogra) will submit a summary to the relevant ministry, recommending adjustments based on international oil price trends and exchange rate fluctuations.

A conclusive decision will be rendered following discussions between Finance Minister Muhammad Aurangzeb and Prime Minister Shehbaz Sharif, with an official statement anticipated on January 31.

In the previous review, the government had increased petrol prices by Rs3.47 per litre, bringing the new rate to Rs256.13 per litre. The price of HSD increased by Rs2.61 per litre, establishing the new rate at Rs260.95 per litre.

Continue Reading

Business

Pakistan’s gold price has skyrocketed.

Published

19 hours ago

on

By

On Wednesday, Pakistan’s gold price skyrocketed, mirroring worldwide market movements.

The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) released data showing that the price of 24-karat gold per tola increased by Rs2,300 in the local market, reaching its highest level ever at Rs288,700.

The price of 10 grams of 24-karat gold also went up by Rs1,972, to Rs247,513.

On Wednesday, the price of gold increased by $22 on the global market as well, reaching $2,763 per ounce with a $20 premium.

Silver prices in the local market increased by Rs28 to Rs3,391 per tola.

Continue Reading

Business

As the PSX’s liquidity evaporates, bears take stock.

Published

20 hours ago

on

By

Selling pressure persisted on the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index hovered at 111,528 points following a loss of nearly 500 points on Wednesday.

There was selling pressure in the index-heavy energy sector, which includes refineries, power production, OMCs, and companies involved in oil and gas exploration. HUBCO, SHEL, SNGPL, MARI, OGDC, PPL, and POL were among the important equities that had negative trading.

Liquidity had dried up to maintain the PSX’s previous upward trend, according to analysts.

Continue Reading

Trending