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PM claims that CPEC-II presents opportunities for the private sector.

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8 months ago

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Prime Minister Shehbaz Sharif stated on Tuesday that the second phase of the China-Pakistan Economic Corridor (CPEC-II) presents a chance for the private sectors of both nations to establish collaborative business partnerships.

He emphasised that the China-Pakistan Economic Corridor (CPEC) has played a significant role in promoting Pakistan’s socio-economic growth and benefiting the people of both nations.

The individual expressed optimism that the second phase of the China-Pakistan Economic Corridor (CPEC) will lead to increased industrial, scientific, and environmentally sustainable progress inside the nation.

During a meeting with a prominent team from the Chinese International Development Cooperation Agency (CIDCA), headed by Chairman Luo Zhaohui, the prime minister expressed that China is Pakistan’s most reliable ally and acknowledged China’s unwavering assistance to Pakistan.

The prime minister expressed appreciation for CIDCA’s crucial contribution to Pakistan’s economic progress, particularly highlighting its significant assistance during the 2022 floods and its efforts in providing relief, rehabilitation, and reconstruction in the country.

Prior to this, he observed the signing of four Memorandums of Understanding (MoUs) that centred around flood rehabilitation, information and communication technologies, Juncao Technology, and China-Pakistan Development Cooperation Planning (2024–2028). Additionally, a Letter of Exchange was signed to establish a First Aid Centre in Balochistan, and a Protocol on Cooperation in Human Resources Development was agreed upon under the Global Development Initiative.

The statement issued by the PM Office indicates that these agreements represent the strengthening collaboration between Pakistan and China in multiple industries.

The conference was attended by Chinese Ambassador in Pakistan Jiang Zaidong, as well as Federal Ministers for Foreign Affairs, Economic Affairs, Finance, Interior, Planning & Development, SAPM Tariq Fatemi, and senior officials of Pakistan.

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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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