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PM Shehbaz Sharif is met by the Saudi foreign minister.

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8 months ago

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At PM Shehbaz Sharif’s office, the Saudi delegation headed by Prince Faisal bin Farhan was greeted.

The SIFC apex committee and the Saudi foreign minister would meet to finalize the investment proposals.

A meeting with the army chief is scheduled for the two days that the Saudi delegation is in Pakistan.

The delegation comprises of the following individuals: Bandar Ibrahim AlKhorayef, Minister of Industry and Mineral Resources; Mohammed Mazyed Al Towaijri, Head of Saudi Special Committee; and senior officials from the Ministry of Energy and Saudi Fund for General Investments. The Saudi Minister of Water and Agriculture, Eng. Abdul Rahman Abdul Mohsen Al-Fadley, is also in attendance.

Yesterday morning at the airport, the team was greeted by Saudi Arabia’s ambassador to Pakistan, Nawaf bin Saeed Ahmad Al-Malkiy, Finance Minister Ishaq Dar, and other cabinet members.

Premier Shehbaz Sharif and Crown Prince and Prime Minister of Saudi Arabia, Mohammad bin Salman, recently met in Makkah and came to an agreement to strengthen bilateral economic cooperation. This was the reason for the visit.

It is expected that the visit will help to establish a mutually beneficial business alliance between the two countries and would significantly enhance bilateral cooperation.

Pakistan is attempting to entice Saudi Arabia to spend billions of dollars under the auspices of the Special Investment Facilitation Council (SIFC), a civil-military body that aims to remove bureaucratic roadblocks and other obstacles impeding foreign investment.

When PM Shehbaz and Crown Prince Mohammed Bin Salman recently visited the Kingdom, they decided to accelerate Pakistan’s first round of a $5 billion investment package.

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

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5 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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5 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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5 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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