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

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8 months ago

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

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6 days ago

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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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6 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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