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PPP, MQM-P sign agreement to develop ‘long-term partnership’ in various domains

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  • Agreement based on partnership to ensure harmony, promotion of social justice, and economic well-being of Sindh citizens.
  • Agreement signed to ensure implementation of 60:40 urban and rural Sindh quota for jobs.
  • In separate news, Karachi Administrator Murtaza Wahab has decided to step down from his post.

ISLAMABAD: The PPP and MQM-P on Wednesday signed the “Charter of Rights for the people of Sindh” to develop a “long-term partnership” in various domains. 

The agreement was signed after the MQM-P — which was one of the major allies of the PTI government — announced that it had formally decided to side with the joint Opposition ahead of the no-confidence motion against Prime Minister Imran Khan.

The two parties have signed the agreement to develop a “long-term partnership to ensure harmony amongst people; to promote social justice, and to secure the economic well-being of the people of Sindh, especially of those who are left behind for various reasons”.

According to the text of the signed document, the Supreme Court’s decision regarding the local government shall be implemented in letter and spirit within one month with the mutual agreement of PPP and MQM-P.https://www.scribd.com/embeds/567281507/content?start_page=1&view_mode=scroll&access_key=key-KR0XeLKpNPee98MH27eK

The agreement further mentioned ensuring the implementation of the 60:40 urban and rural Sindh quota for jobs, addressing the issue of fake domiciles, local policing, development of Sindh and Karachi in terms of infrastructure and transport, and investment in the health and education sectors of the province. 

 The deal also added that the two parties would collaboratively take all major political, administrative, and economic decisions in Sindh.

PPP’s Murtaza Wahab to step down as Karachi Administrator 

Following the agreement signed between PPP and MQM-P, Karachi Administrator Murtaza Wahab has decided to step down from his post. 

According to sources, Wahab has taken the decision in line with the orders of the party’s leadership.

The sources added that Wahab would be leaving his post within a day or two.

Business

Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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