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Pakistan, European Commission agree to bolster relations

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3 years ago

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  • EU Commission’s president telephones PM Shehbaz Sharif.
  • Ursula von der Leyen felicitates Shehbaz on assuming PM office.
  • The two leaders agreed to stay in contact and work together.

ISLAMABAD: Pakistan and European Commission Friday agreed to bolster ties, intensify investment and trade cooperation, and enhance mutual cooperation in diverse fields.

The development came during President of the European Commission Ursula von der Leyen called Prime Minister Shehbaz Sharif, according to a statement from the PM Office.

The European Commission’s president congratulated Shehbaz on assuming the office of the prime minister and underlined the body’s desire to further strengthen its bilateral relationship with Pakistan.

Shehbaz was elected as the 23rd premier of Pakistan on April 11 after the ouster of PTI chairman Imran Khan from the office of the prime minister through a no-confidence vote.

The prime minister expressed his thanks for the felicitations and stated that Pakistan greatly valued its relations with the European Union, which were based on shared values and common objectives of peace, prosperity and development.

PM Shehbaz highlighted the importance of closer trade and investment ties between Pakistan and the EU.

He appreciated the GSP Plus arrangement and underlined that being a mutually beneficial scheme, it had played an important role in the expansion of Pakistan-EU trade.

The premier lauded Leyen’s stewardship of the EU Commission and underscored his resolve to further deepen mutual engagement, while also extending a cordial invitation to the body’s president.

The two leaders agreed to stay in contact and work together to expand Pakistan-EU relations, intensify investment and trade cooperation, and enhance mutual cooperation between the two sides in diverse fields.

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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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6 days ago

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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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