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Shehbaz Sharif, PM, will personally oversee Saudi investment

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Thanking Saudi Crown Prince Mohammed bin Salman for sending a high-level delegation that will usher in a new era of Saudi investment in Pakistan, trade partnerships, and business ties, the prime minister chaired a meeting to review issues pertaining to the recent high-powered Saudi delegation and Saudi investment in various sectors.

He applauded the efforts of the relevant senior officers, Special Investment Facilitation Council, and federal ministers for turning the Saudi delegation’s visit into a partnership that would benefit both parties.

In order to get the desired results, he asked for the ministries to be capacitated and gave the relevant authorities instructions to hire top-tier professionals to carry out the foreign investment projects.

In order to guarantee that the projects agreed upon with the Saudi delegation are carried out, the prime minister requested the Board of Investment, SIFC, and other ministries to design a system.

He stated that Saudi Arabia and Pakistan had friendly relations and that the Kingdom had always helped Pakistan in its time of need.

The Saudi King and Crown Prince were commended by Prime Minister Shehbaz for their strong desire to advance Pakistani-Saudi collaboration and partnerships.

He reaffirmed the determination of his administration to pursue all feasible avenues for the advancement and well-being of the nation.

Following a discussion of potential investments in the domains of mining, agriculture, energy, information technology, and infrastructure development, the meeting was informed of the interest and offer for various projects made by the Saudi delegation.

The inclusion of Pakistan in the global supply and value chains was also discussed by both parties, and Pakistan’s readiness for this role was greatly acknowledged.

The attendees of the meeting saw the arrival of friendly delegations to investigate investment prospects as a positive development and hailed the present administration’s diplomatic achievements.

The prime minister gave orders to all relevant ministries and departments to provide special attention to business-to-business and government-to-government agreements, and to treat the local business community with confidence in this regard.

Federal Ministers Mohammad Ishaq Dar, Khawaja Muhammad Asif, Jam Kamal Khan, Ahad Khan Cheema, Ataullah Tarar, Rana Tanveer Hussain, Ahsan Iqbal, Salik Hussain Chaudhry, Sardar Awais Khan Leghari, Abdul Aleem Khan, Dr. Musadik Malik, Minister of State Shaza Fatima Khawaja, Special Assistant Tariq Fatemi, Deputy Chairman Planning Commission Muhammad Jehanzeb Khan, members of the National Assembly Bilal Azhar Kayani and Rumina Khursheed Alam, Prime Minister Rana Ehsan Afzal’s coordinator, as well as other pertinent figures, attended the meeting.

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

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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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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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