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Pakistan welcomes the Saudi assistant minister of defense.

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8 months ago

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On arriving in Pakistan, the Saudi assistant minister of defense was greeted with warmth.

A meeting between Otaibi and Army Chief Gen. Syed Asim Munir is also planned during the visit. During the conference, defense-related topics will be discussed, including Pakistan-Saudi defense cooperation.

A high-level group from the Kingdom of Saudi Arabia arrived in Pakistan a few days prior to the Saudi minister’s visit in order to investigate investment prospects in the country.

Prince Faisal bin Farhan Al Saud, the foreign minister of Saudi Arabia, met with COAS and Prime Minister Shehbaz Sharif as well.

The Custodian of the Two Holy Mosques, His Majesty King Salman bin Abdul Aziz Al Saud, and His Royal Highness Crown Prince Mohammed bin Salman bin Abdul Aziz Al Saud, received Shehbaz’s heartfelt gratitude for the leadership of the Kingdom of Saudi Arabia.

Pakistan has long-standing economic, strategic, and familial ties with Saudi Arabia, which the Prime Minister emphasized. He asserted that both nations have consistently been united.

The Prime Minister recalled a cordial and fruitful meeting he had earlier this month in Makkah with His Royal Highness Crown Prince Mohammed bin Salman. He also said that the Saudi delegation headed by the Foreign Minister’s visit, which came right after his visit, was evidence of both nations’ strong commitment to enhancing their bilateral relations with a focus on mutually beneficial economic cooperation.

According to the Prime Minister, in order to expedite the first phase of Saudi investments in Pakistan under the new structure, all parties must collaborate closely in this respect.

To encourage investment in Pakistan, the Prime Minister briefed the group on the activities of the Special Investment Facilitation Council (SIFC). The important role that General Syed Asim Munir, the Chief of Army Staff, plays and the collaboration of all institutions in promoting investment in the nation through SIFC were also emphasized by him.

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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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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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