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A deal to increase investment is signed by Pakistan, Saudi Arabia, and Uzbekistan.

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The signing of a historic partnership agreement by Saudi Arabia, Pakistan, and Uzbekistan with the goal of fostering commerce and investment amongst the three nations is a noteworthy achievement.

It is anticipated that the agreement will strengthen regional economic cooperation and open up new markets for investors and companies.

As per the agreement, a strategic collaboration would be established by Saudi Arabia, Pakistan, Uzbekistan, K-Trade Securities, and Ansher Capital to facilitate cross-border investment.

The biggest investment bank in Uzbekistan, Ansher Capital, will collaborate closely with KASB Securities Limited (KASB), a top stock and commodity brokerage company in Pakistan, to offer investors corporate financing and financial advising services.

It is anticipated that the alliance will broaden the market and draw in foreign capital, especially in vital industries like agriculture, infrastructure, and energy.

Both companies will be actively involved in offering traders and investors in Saudi Arabia, Pakistan, and Uzbekistan professional advice and assistance as they navigate the markets.

Along with fostering economic integration and raising trade volumes, the pact is anticipated to improve trade relations amongst the three nations.

Businesses will be able to access new markets and investment opportunities thanks to the collaboration, which will boost the economy and create jobs.

The collaboration deal is the most recent in a line of steps meant to encourage investment and economic cooperation between Saudi Arabia, Pakistan, and Uzbekistan.

The three nations have been collaborating closely to advance investment and trade, and it is anticipated that this pact will deepen their economic bonds even more.

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To stop begging in Saudi Arabia, Pakistan would implement a stringent Umrah regulation.

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The action, according to details, is intended to stop the begging mafia from damaging Pakistan’s reputation in the holy land.

As part of its severe efforts against beggars, the Ministry of Religious Affairs has planned to require pilgrims to sign an affidavit vowing not to beg before leaving for Umrah. Those who violate this affidavit will face strict legal action.

Umrah pilgrims will not be permitted to travel alone; they must travel in groups in order to further discourage begging. This measure ensures that pilgrims are accountable for their actions and are less likely to engage in begging.

In order to discourage begging, tour companies will also have to get pilgrims to sign affidavits.

According to sources, the administration is committed to resolving this issue because begging has damaged Pakistan’s ties with Saudi Arabia.

Four travel agents were arrested by the Federal Investigation Agency (FIA) for sending residents to Saudi Arabia to beg during raids in different parts of Multan.

Mohammad Ejaz, Ghulam, Ghulam Yaseen, and Sadiq Hussain were among the agents that were arrested, according to an FIA official.

The representative clarified that the information from previously detained people was the basis for these arrests.

The agents were allegedly sending citizens to Saudi Arabia with the purpose of begging and then collecting a share of the money earned through begging.

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These cities’ schools will reopen tomorrow as the smog subsides.

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Prior to this, the Punjab government declared that schools will be closed from November 17 to November 25.

A Punjab government announcement states that schools in the Rawalpindi Division will reopen tomorrow since the area’s air pollution has reduced following a reduction in haze.

The notice stated that schools in Rawalpindi, Jhelum, Attock, and Chakwal would reopen tomorrow.

According to reports, the level of toxic fog in Lahore and other Punjabi cities has somewhat decreased.

With an Air Quality Index (AQI) score of 497, Lahore was recognised as the second most polluted city in the world.

In the past, the district government of Lahore prohibited outdoor activities in response to the growing pollution menace.

Religious meetings are exempt, but all sports, exhibits, and activities are suspended, as is dining outside of restaurants, according to a statement released by the DC Lahore.

Additionally, stores, marketplaces, and shopping centres will close by 8 PM, however pharmacies, labs, gas stations, and supermarkets will not be affected.

Only grocery and medical departments may remain open in large department stores.

During pollution, the Deputy Commissioner of Lahore has advised residents to use masks and refrain from needless outside activities.

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SHC considers objections to the plaza’s building next to Mazar-e-Quaid

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SHC Justice Zafar Rajput said during Monday’s hearing of a petition against the unlawful construction of a plaza next to Mazar-e-Quaid that “everything has been fair in love and Pakistan.”

“Can you believe over an advertisement in Pakistani conditions?” the justice of the Sindh High Court asked during the hearing.

In Jamshed Town, the petitioner’s attorney said that an unlawful plaza was being constructed over a plot of land. “It has violated the sacredness of Quaid’s mausoleum,” the attorney stated.

The attorney argued that advertisements for the project’s booking have already been published. “What happens when advertisements are published?” the bench asked. The lawyer stated, “Layman will consider the project as lawful after these advertisements are published.”

After calling for additional arguments regarding the petition’s maintainability, the judge postponed the hearing for three weeks.

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