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Pakistan and China deepen collaboration on CPEC Phase II

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8 months ago

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The minister co-chaired a meeting with Jiang Zaidong, China’s ambassador to Pakistan. Secretary of Planning, Awais Manzoor Sumra, and other ministry officials also attended the meeting.

The discussions centered on expanding collaboration on projects relating to energy, infrastructure, industry, food security, agriculture, and transportation under the China-Pakistan Economic Corridor.

Ahsan Iqbal emphasized the importance of deepening the longstanding friendship between Chinese and Pakistani leaders, expressed the government’s firm commitment to expediting CPEC implementation, and stated that the prime minister’s upcoming visit to CPEC projects would usher in a new era of cooperation in all sectors.

The minister focused on CPEC’s main goal of increasing collaboration in all sectors, including industry, energy, infrastructure, social development, agriculture, and regional connectivity within Pakistan.

He stated a desire to strengthen collaboration with China through the transfer of new technologies in a variety of industries, including transportation and agriculture.

He emphasized Pakistan’s intention to construct industrial zones for the production of electric vehicles in conjunction with China, using Pakistan’s comparative advantage to lower overall production costs and generate job opportunities for Pakistani people.

Ahsan Iqbal also talked about the upcoming South Asian Games 2025, emphasizing the significance of thorough training regimens for Pakistani players. He highlighted his willingness to engage with China, encouraging Chinese coaches and trainers to assist Pakistani athletes in their preparations.

Both parties underlined their commitment to completing CPEC Phase II quickly and successfully.

The Chinese Ambassador also praised the government’s efforts, particularly those of the Federal Minister for Planning and Development, to maintain cross-sector cooperation.

He also congratulated Pakistan on hosting the 2025 South Asian Games.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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5 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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