By keeping the Pakistan-Iran border open 24 hours, the trade target of 10 billion dollars will be achieved, Raja Raheel Ashfaq.
Friday, June 21, 2024
Lahore (Urdu Point Newspaper Latest - Online. June 21, 2024) Raja Raheel Ashfaq, Chairman Pakistan Steel Iron Association and Convener Federal Chamber of Iron and Steel Affairs opened the border between Pakistan and Iran for 24 hours to meet the targets of Pakistan-Iran trade of 10 billion dollars. Welcoming the decision to keep Pakistan, Iran is a brotherly Islamic country.
According to the agreement between the two countries, the trade will increase to 10 billion dollars and the domestic industry will develop due to the increase in commercial activities. He said that Pakistan is receiving 100 megawatts of electricity from Iran at Gwadar, while for Pakistan's energy needs, the industrial wheel will move by supplying abundant gas to the domestic industries from the Pak-Iran gas pipeline project and the cheap Iranian gas will be used in the power plant. It will also be possible to get cheap electricity.
With the promotion of bilateral trade and economic relations between the two brotherly countries, the increase in economic activities will reduce the pressure on the export bill of Pakistan and also reduce the pressure on the foreign exchange reserves. Raja Raheel Ashfaq said that Iran's determination to increase Pakistan-Iran trade to 10 billion dollars and 8 agreements will pave the way for Iranian investment in the country.
There is a broad agenda to increase cooperation between the two countries in various fields including trade, energy, agriculture. After Saudi Arabia, Iranian investment will bring economic stability to the country, increasing exports will increase foreign exchange reserves, and economic prosperity will come.
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The prices of essential commodities in the country recorded a weekly increase of 0.94 percent
Friday, June 21, 2024
Islamabad (Urdu Point Newspaper Latest - APP. June 21, 2024) The price of essential commodities in the country has recorded an increase of 0.94 percent on a weekly basis and 23.78 percent on an annual basis.
According to the weekly report released by the Pakistan Bureau of Statistics on the Sensitive Price Index (SPI), in the week ending June 20, the prices of 5 essential items of daily use decreased and the prices of 21 items remained stable, on the contrary, 25 items remained stable. There was a slight increase in the prices, during the last week the price of petrol decreased by 3.76%, diesel by 0.84%, basmati rice by 0.08%, dal masoor by 0.08% and the price of chicken by 0.05%. percent, potato 5.61 percent, onion 3.78 percent, banana 3.29 percent, LPG 2.44 percent, cigarettes 1.67 percent, dal mung 1.53 percent, garlic 1.29 percent, fresh milk 0.95 percent, eggs 0.83 percent, georgette 0.28 percent and shirting. The price increased by 0.17 percent, the price sensitive index increased by 1.58 percent for the group with the lowest monthly income of Rs 17,732, from Rs 17,733 to Rs 22,888, from Rs 22,889 to Rs 29,517, from Rs 29,518 to Rs 44,175 and above. The price sensitive index for the groups increased by 1.44 percent, 1.20 percent, 1.11 percent and 0.69 percent respectively.
