Regional
SHC rejects pleas to regularize employees SSGC
On the other hand, peoples labor union stated that this verdict will be challenged in Supreme court (SC).
Karachi: The Sindh high court (SHC) has rejected 48 pleas regarding to regularize the thousands of employees of sui southern gas company (SSGC).
According to the details, a three-member bench headed by justice Yousaf Ali Syed heard the pleas amid this case. The applicants who filed plea in SHC included the 3350 contract-based employees of SSGC.
The applicant’s lawyer stated that the court had ordered to regularize the employees of more than 500 in 2018. All these pleas filed amid the court’s order.
On the other hand, peoples labor union stated that this verdict will be challenged in Supreme court (SC).
Pakistan
Chairman senate affirms inflation on higher level across country
He added that ending the ongoing war in Gaza must be the world's top priority.
Islamabad: The chairman senate Yousaf Raza Gilani affirmed that inflation is on the highest level in the country’s history.
According to the details, Yousaf Raza was addressing the submit in Islamabad regarding the highest inflation rates in Pakistan.
He stated that per capita income is decreasing due to lack of investment in Pakistan. After terrorism, robbery, car theft and mobile phones, other crimes are increasing.
Chairman senate said that among the problems facing Pakistan the internal and regional problems are the most important ones. Pakistan is facing many problems in the environmental field which includes floods, rains, rising temperature and other problems.
He added that ending the ongoing war in Gaza must be the world's top priority.
Business
Iranian imports increase by 25% in Pakistan
According to the media reports, Pakistan's exports to Iran remained zero during the last three consecutive financial years.
Imports from Iran rose by a whopping 25 percent year-on-year in the first month of the new government.
According to the media reports quoting government sources, imports from Iran increased by 16% in the first nine months of this fiscal year. The volume of imports from Iran in March 2024 was 95.6 million dollars, while in March 2023, imports from Iran were 76.4 million dollars.
It is also reported that in February 2024, the volume of imports from Iran was 86.1 million dollars. From July to March, imports from Iran were recorded at 773.3 million dollars, while in the same period last year, the volume of imports from Iran was $669.1 million.
According to the media reports, Pakistan's exports to Iran remained zero during the last three consecutive financial years. Lack of banking channels due to US sanctions is the main reason for exports remaining zero. During the last three years, Pakistan's imports from Iran have been $2.17 billion.
US warns countries of sanctions wishing to trade with Iran
On the other hand, the United States has warned the countries that want to trade with Iran of sanctions, saying that those considering trade agreements may face possible sanctions.
It stated that US is one of the biggest investors of Pakistan. The economic success of Pakistan is in the interest of both countries, we are looking forward to continue our partnership.
It is pertinent to note that yesterday Iranian President Ibrahim Raisi arrived in Pakistan on a three-day visit. He was presented with a guard of honor at the Prime Minister's House. He met with Prime Minister Shehbaz Sharif and Army Chief General Asim Munir.
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