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First Pakistan-Russia Trade and Investment Forum

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Currently taking place in Moscow is the inaugural Pakistan-Russia Trade and Investment Forum.

A delegation of Pakistani businesses is in Moscow for the Business to Business Forum, under the leadership of Federal Minister of Privatization and Communications, Abdul Aleem Khan.

Over 70 Pakistani businessmen from various sectors make up the group, while over 100 Russian companies are taking part in the Trade and Investment Forum.

“Our current trade volume does not reflect the potential of two countries,” Privatization Minister Abdul Aleem Khan remarked in his speech to the Forum.

He stated that we want to increase investment and trade.
We have the most liberal trade and investment policies, and Pakistan is the fifth-largest country.

Considering that over 60 Pakistani businesspeople attended the forum with Aleem Khan, he expressed great optimism for the growth of bilateral trade between the two nations.

Adding that Pakistan and Russia have longstanding diplomatic and commercial ties, he added that today marks the beginning of new bilateral ties.

He stated that the Pakistani government places great significance on its connections with Russia.

Alexey Gruzdev, the deputy minister of trade and investment for Russia, welcomed the delegates from Pakistan and stated that the meeting will improve bilateral ties between the two nations.

He claimed that new channels for investment and trade between the two nations will be opened up by this forum.
Russia’s commercial potential with Pakistan will rise, according to Pakistan’s ambassador to Moscow, Muhammad Khalid Jamali. Both countries stand to gain from the commerce, he said. He remarked, “In 2022, we signed an agreement for road transport.”

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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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