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Prime Minister Shehbaz pledges full support for Saudi investment.

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Prime Minister (PM) Shehbaz Sharif promised on Monday that his government would fully support the Saudi investment, allowing the investors and businesspeople to use joint ventures to quickly complete their future projects in Pakistan and replicate them for the benefit of the people of both countries.

At a dinner event held in honor of a visiting delegation from the Kingdom of Saudi Arabia, the prime minister stated that time was of the essence and emphasized that in order to fully capitalize on this opportunity, they would need to overcome the obstacles. The Saudi leadership, along with prominent investors and businessmen, wished to promote Pakistan’s interests.

Federal ministers, the Saudi ambassador to Pakistan, members of the delegation, top officials, and Chief of Army Staff General Syed Asim Munir were all present at the ceremony.

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The prime minister emphasized that the government’s role was to provide policy frameworks, act as catalysts, and remove any obstacles in the way of the swift achievement of economic aims rather than to engage in business.

In order to facilitate foreign investment, he declared, the administration has decided to remove all red tape and bureaucratic obstacles.

In order to accomplish all those projects in the best interests of Saudi investors and the people of Pakistan, the prime minister claimed that the Special Investment Facilitation Council (SIFC) was the most reliable and comprehensive tool available, further solidifying their alliance and fostering mutual progress.

He remarked that the Saudi delegation found the SIFC to be an acceptable model and expressed complete satisfaction with the current opportunities.

The prime minister declared that the Saudi investors might profit from a variety of initiatives and that the possibilities would only expand if they were given a system free from complications, red tape, and bureaucratic roadblocks.

PM Shehbaz conveyed his satisfaction with the firm and observable progress made during the delegation’s meeting with their Pakistani counterparts.

According to him, they will soon see strong agreements involving investments of billions of dollars.

The prime minister recalled his visit to the Kingdom of Saudi Arabia during Ramadan ul Mubarak. He described his meeting with Mohammed bin Salman, the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, as “a wonderful interaction and he was extremely encouraged and deeply impressed with his forward-looking vision that transformed KSA in many ways to come, whether it was in agriculture, education, IT, communication and infrastructure, youth empowerment and all inclusive policies.”

With the fastest-growing economy in the world, the newest transportation and infrastructure, job opportunities, and remarkable advancements in every area of life, the Kingdom of Saudi Arabia is now among the most advanced nations in the world thanks to the energetic and innovative leadership of the Crown Prince, he continued.

According to the prime minister, the interactions between the Saudi delegation and its Pakistani counterparts would strengthen the ties of friendship and fraternity and enable them to reach new heights.

Through good times and bad, the Kingdom of Saudi Arabia has consistently supported Pakistan. He said, “If we were to express our gratitude, it would not be enough for their kindness over the past 70 years.

According to him, thirty years ago, Pakistan could provide training to its Saudi brethren in several fields; however, with greater experience and vast potential, the Kingdom of Saudi Arabia could now train Pakistanis well.

Ibrahim Al Mubarak, the Saudi Assistant Minister for Investment, praised the prime minister for his cordial hospitality on the occasion.

Under the direction of their leadership, they moved quickly to explore a collaboration with Pakistan, he added, adding that their visit was a testament to their deep friendship and strategic partnership, both of which were very essential.

In addition, he praised the business sector’s response to their interactions and expressed his belief that the two brotherly nations could work together to accomplish common economic goals because of their great ties.

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Gold prices in Pakistan approach an all-time high.

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Following a substantial surge the prior day, gold prices in Pakistan are ascending to unprecedented levels with an additional gain on Thursday, coinciding with a rise in global precious metal rates.

The price of 24-karat gold in the local market rose by Rs700 per tola, reaching Rs277,900, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Likewise, the cost of 10 grams of 24-karat gold increased by Rs600, currently priced at Rs238,254.

Globally, gold prices exhibited an upward trend, increasing by $7 throughout the day. The APGJSA reports that the international gold price was $2,682 per ounce.

Notwithstanding the increase in gold prices, the silver market exhibited stability, with the price of silver maintained at Rs3,050 per tola.

In the previous month, gold prices in Pakistan reached an unprecedented high of Rs 277,000 a tola, driven by substantial gains in the worldwide market.

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A further relief shipment from Pakistan departs for Gaza and Lebanon.

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Following the Prime Minister’s directions, the National Disaster Management Authority (NDMA) persists in delivering humanitarian assistance to the war-affected populations of Gaza and Lebanon.

The second cargo of supplies was sent from Karachi to Lebanon today.

The relief package, dispatched by the NDMA in partnership with the Al-Khidmat Foundation, consists of roughly 100 tons of provisions, including pharmaceuticals, ready-to-eat meat, tents, tarpaulins, thermal bedding, winter apparel, and powdered milk.

The assistance was sent by air from Jinnah International Airport in Karachi to Beirut, Lebanon.

The farewell ceremony at Jinnah International Airport was attended by representatives from the NDMA, the Ministry of Foreign Affairs, the Al-Khidmat Foundation, and local authorities.

The delegates underscored the pressing necessity to deliver assistance to the war-affected populations of Palestine and Lebanon, in light of the continuing conflict and the requirements of the impacted communities.

They reiterated the Government’s dedication to assisting their compatriots in need and emphasized the significance of cooperation among welfare groups and the Pakistani populace in enhancing these initiatives.

This constitutes Pakistan’s twelfth aid shipment to Palestine and Lebanon. Previously, ten relief shipments were dispatched to Palestine.

The Government of Pakistan persists in dispatching relief supplies according to the need of the war-affected populations in Lebanon.

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Speech Made by Pakistan’s Prime Minister on the International Day Against Poverty

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In renewing our commitment to a world where no one is left behind and where possibilities for success are unrestricted by one’s origin or circumstances, Pakistan stands together with the global community on this International Day for the Eradication of Poverty. In addition to being morally right, ending poverty is essential to attaining sustainable development and guaranteeing everyone’s peace and prosperity.

The people have always been the center of every policy made by our government. We have significantly reduced poverty and made sure that our most vulnerable residents are taken care of thanks to our social safety net programs. We think that providing long-term routes to economic empowerment is equally as important as providing instant relief when it comes to assisting people in escaping poverty. Our focused initiatives seek to equip communities—women and children in particular—with the means to create better futures for themselves.

The Pakistani government is steadfast in its commitment to improving the affordability of living for its citizens despite the obstacles we face on a global scale, such as inflation and economic instability. Our policies are designed to build long-term economic resilience, from meeting housing needs to guaranteeing food security. With the help of programs like the PM Youth Business, Agriculture Loans, Digi-Skills, which offers free IT training, and the Pakistan Education Endowment Fund, millions of families are receiving financial support and technological help that is changing their lives.

Eradicating poverty is also a top priority for Pakistan, which is still fully committed to reaching the 17 Sustainable Development Goals (SDGs). With a focus on inclusive growth, education, healthcare, and environmental sustainability, we will keep working together with our international partners to achieve these goals. The advancements made in empowering women and guaranteeing that their contributions are essential to the country’s social and economic fabric are another reason for pride.

On this day, I would want to express my sincere gratitude to everyone who is devotedly striving to end poverty, both in Pakistan and globally. We can create a future where everyone, regardless of circumstances, has the chance to flourish and succeed by uniting with a shared purpose and unwavering determination.

I speak on behalf of the Government of Pakistan to reiterate our steadfast commitment to this cause and to extend an invitation to all facets of society to work with us to create a world that is more wealthy, just, and inclusive.

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