240 Posts

pakistan

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Pakistan, Iran agree to expand strong bilateral relations

  • 2 min
Pakistan and Iran have agreed to expand strong bilateral relations, emphasizing their importance for regional stability and prosperity. Iranian President Raisi called PM Sharif to congratulate him and discuss bilateral relations, expressing hope for continued collaboration. PM Sharif expressed gratitude and vowed to further strengthen ties, inviting President Raisi to visit Pakistan.
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US Refuses Waiver over Pakistan-Iran Gas Pipeline Project

  • 3 min
The US has refused to waive sanctions on Iran for the Pakistan-Iran gas pipeline project, causing further delay. Pakistan requested a waiver, but the US expressed concerns and refused any concession. There's a deadline of March to complete Pakistan’s part, with a potential 18 billion US dollar fine for non-compliance. Iran has completed its pipeline, but US sanctions have stalled progress. Both nations continue exploring options to fulfill the project.
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Gold prices decline in Pakistan

  • 2 min
Gold prices in Pakistan fell by Rs1100 per tola according to the All Pakistan Jewellers Manufacturers Association. The domestic price for 10 grams increased by Rs944 to Rs184,156. In the international market, the price of gold rose by $8 to $2,048 per ounce. Spot gold held at $2,030.12 per ounce.
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Gold rates continue to increase in Pakistan

  • 3 min
Gold rates in Pakistan continued to rise, with 24 karat gold increasing by Rs700 to Rs 215,800 per tola and Rs185,014 per 10 grams. The international market saw a slight decrease, falling to $2,054 from $2,056. Meanwhile, the Pakistan Stock Exchange experienced notable growth and positive trends, with the KSE-100 index gaining 2,943 points.
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Cabinet approves works on Iran-Pakistan gas pipeline

  • 3 min
The federal cabinet has approved initial works on the Iran-Pakistan gas pipeline, involving the laying of an 80-km segment from Gwadar to the Iran border. Estimated at $150.8 million, the project will be funded by Gas Infrastructure Development Cess. It is anticipated to address Pakistan's energy needs and boost economic activity.
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MQM-P assures cooperation to strengthen Pakistan’s democracy

  • 3 min
MQM-P leaders express full support and cooperation with PML-N to strengthen democracy in Pakistan. No specific ministerial portfolios were discussed, but joint efforts to enhance democracy and boost Karachi's economic significance were highlighted. Further meetings are expected to finalize collaboration details.
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SC moved for judicial inquiry into Pakistan election ‘rigging’

  • 3 min
A plea has been filed with the Supreme Court (SC) seeking a judicial inquiry into the alleged rigging during Pakistan's 2024 general elections. The petitioner, Mian Shabbir Ahmed, through his lawyer Azhar Siddique, emphasized the need for an inquiry to uphold the citizens’ fundamental rights. The Supreme Court has set a further hearing on the plea for February 21.
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China congratulates Pakistan for holding general elections smoothly

  • 2 min
China congratulated Pakistan on the smooth holding of the general elections for the national and provincial assemblies. China expressed respect for the choices of the Pakistani people and hoped for political solidarity and social stability. China also emphasized the importance of deepening cooperation and building a closer China-Pakistan community for the benefit of both countries.
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Gold prices see massive increase in Pakistan

  • 1 min
Gold prices in Pakistan surge as the per tola rate of 24 karat gold increased by Rs1100, reaching Rs214,300 in the domestic market. The price of both per tola and 10-gram silver also rose, alongside a global uptick in gold prices by $8 to $2042. However, spot platinum fell while palladium rose.