Thursday, December 8News That Matters
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Tag: Trade

PM welcomes Azeri tax relief on rice

PM welcomes Azeri tax relief on rice

Business
ISLAMABAD: Azerbaijan has approved a five-year tax exemption on the import of rice from Pakistan. Prime Minister Shehbaz Sharif on Saturday thanked Azerbaijan’s President Ilham Aliyev for the decision. "I am thankful to H.E. Ilham Aliyev, President of Azerbaijan, for approving the tax exemption on the import of Pakistani rice for five years. Our two brotherly countries will work to promote economic cooperation and connectivity through road, rail and Gwadar Port," the prime minister wrote on Twitter. The prime minister's tweet came in response to the Azeri president's remarks that the decision to import rice from Pakistan with a tax exemption of five years was the outcome of his meetings with the Pakistani premier held in the last couple of months. Aliyev, addressing an international ...
Gold dips At AED 6,371.12/Ounce, Silver follows in at AED 76.96

Gold dips At AED 6,371.12/Ounce, Silver follows in at AED 76.96

Business
The gold price in the UAE, including Dubai, on Wednesday, recorded a slight dip as the rate of 24-carat gold dropped by 1.00 AED in the morning session to reach AED 210.25 (Rs 4,683) per gram. Similarly, the 22-carat variety of gold traded lower by 0.75 AED and is priced at 197.50 AED (INR 4,400). In terms of ounces, too, gold was trading lower, down by 29.37 AED (INR 654). The price of yellow metal per ounce in UAE was AED 6,371.12 (INR 141,928).Dubai Gold and Jewellery Group data showed that silver was also down at AED 76.96 (Rs 1714). The currency of the United Arab Emirates is the Emirati Dirham, abbreviated as AED. One Emirati Dirham (AED) is presently worth Rs 22.27 INR.In Dubai, the 21-Carat was trading cheaper at AED 188.50, and 18-karat was also following the trend at AED 161.5...