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First-ever barter trade deal signed by Russia and Pakistan at the inaugural trade forum in Moscow

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Following the first-ever Pakistan-Russia trade and investment summit in Moscow, where a delegation of more than sixty Pakistani enterprises took part, the two nations have inked their first-ever barter trade agreement.

Abdul Aleem Khan, the Minister for Privatisation, stated his belief in the opening of new bilateral connections between the two nations during his speech.

There have been diplomatic and commercial contacts between Pakistan and Russia for a long time, he remarked. He stated Pakistan places a high value on its ties with Russia, stressing the potential for mutual business cooperation between the two countries in a variety of sectors.

Pakistan’s economic environment is appealing, as the Minister for Privatisation pointed out.

Having the most permissive trade and investment policies in the area, he said that Pakistan is the fifth-largest market in the world. According to him, foreign investment is completely protected in Pakistan. We invite investments in every area of our economy.

The one billion dollar mark in bilateral trade between Pakistan and Russia has pleased both countries, as stated by Pakistan’s ambassador to Russia, Muhammad Khalid Jamali, in remarks on the occasion. He said this indicates both nations’ growing desire to improve their trade and economic ties.

Russian trade is seen as significant and trustworthy by Pakistan, according to the envoy. In order to improve economic ties, he said Pakistan looks forward to working with Russia.

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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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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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