Latest News
Azerbaijan and Punjab decide to strengthen their trade ties
Punjab Chief Minister Maryam Nawaz had a thorough meeting with the Azerbaijan Economy Minister Mikayil Jabbarov whereby both parties discussed strengthening bilateral economic cooperation, investment relations and institutional partnerships between Punjab and Azerbaijan.
The two leaders during the meeting reiterated the age old friendly relations between the two countries Pakistan and Azerbaijan and agreed to broaden the cooperation into structured economic partnerships especially in the fields of trade, investment, urban development, agriculture, logistics, tourism and infrastructure.
This time, it was explicitly agreed to set up a joint working group to facilitate economic cooperation and investment. CM Maryam Nawaz has delegated the task of heading the joint working committee to senior minister Marriyum Aurangzeb.
Relevant government agencies and technical experts from both countries will be part of the working group, who will identify priority sectors for collaboration and joint ventures, the statement said. The group will also help establish public-private partnership (PPP) opportunities, and coordinate investors and develop projects.
Both parties also agreed to propose cooperation frameworks in the areas of infrastructure, housing, agriculture, tourism and energy industries, while building effective mechanisms for regulatory facilitation and ease of doing business.
The leaders also discussed the possibilities of a preferential trade deal between Pakistan and Azerbaijan to improve market access, reduce trade barriers and boost bilateral trade volume.
The Chief Minister invited Azerbaijan economy minister to visit Pakistan. It was agreed that the newly constituted working group would provide for close institutional coordination and that follow-up actions would be increased to move discussions towards investment-ready initiatives.
Latest News
A Chinese newspaper claims that Pakistan has won diplomatically with the Indus Waters Treaty.
China’s leading newspaper South China Morning Post has described an international tribunal’s ruling on the Indus Waters Treaty as a significant success for Pakistan.
According to the Chinese publication, the tribunal’s decision came as an unexpected setback for India and a major boost for Pakistan’s position on the long-running water dispute.
The newspaper noted that despite wars and prolonged tensions between Pakistan and India, the Indus Waters Treaty had remained in place for decades.
It reported that the Permanent Court of Arbitration ruled on August 31 that New Delhi had no legal basis to suspend the treaty. The tribunal also ordered restrictions on aspects of the construction of the Ratle Hydroelectric Power Project in Indian-occupied Kashmir.
The South China Morning Post said the ruling further strengthened Pakistan’s stance, with the five-member tribunal unanimously rejecting India’s arguments concerning the suspension of the treaty.
The Chinese newspaper described the ruling as a clear decision in Pakistan’s favour over India’s disputed move, calling it a diplomatic achievement for Islamabad.
It added that the tribunal’s decision had effectively challenged India’s position and strengthened Pakistan’s case in the dispute over the implementation of the Indus Waters Treaty.
Latest News
South Korea prevails over a Chinese investor in an investment treaty issue.
A settlement panel rejected Chinese investor Min Fengzhen’s challenge of a 2024 claim dismissal, giving South Korea a final decision in a 264 billion won ($197 million) investor-state dispute, according to the justice ministry on Sunday.
According to a statement from the ministry, this is South Korea’s first win in a complete hearing of an international investor dispute.
The case focused on Min’s allegation that a lender’s seizure and sale of pledged shares connected to a failing Beijing real estate project violated protections under an investment treaty between South Korea and China.
In 2024, the initial tribunal rejected the claim, stating that the investment was unlawful and hence not covered by the treaty.
Latest News
Pakistan slips to ninth in test rankings after England whitewash
Pakistan suffered another major setback in Test cricket after being whitewashed by England in the Test series, dropping one place to ninth in the 10-team rankings.
The whitewash against England has further deepened Pakistan’s struggles in Test cricket, with the national team reaching its lowest-ever position in the 10-team Test rankings.
Pakistan have won only seven of their last 20 Test matches, while their continued poor performances have also resulted in a decline in the rankings.
The national team have suffered whitewashes in six of their last 12 Test series, further highlighting Pakistan’s struggles to maintain their position in Test cricket.
The latest rankings setback comes after Pakistan failed to avoid a series whitewash against England, adding to concerns over the team’s continued poor run in the longest format.
-
Latest News4 months agoICC board meeting in India: Mohsin Naqvi gets invitation
-
Latest News2 months ago23 people have died during the monsoon as rain-related incidents plague Punjab and KP.
-
Business2 months agoGovt dedicated to resolving Balochistan issues: Dar
-
Latest News2 months agoPakistan making rapid progress in robotics, AI: Shaza Fatima
-
Latest News4 weeks ago‘Self-Reliance in Digital ID’: NADRA launches locally produced QR code-based National Identity Card
-
Latest News2 months agoAfter a divorce, LHC decides that women who have been harmed by their spouses get their dower.
-
Latest News4 months agoA meta program to monitor mouse clicks made by employees in violation of EU privacy regulations
-
Entertainment4 months agoInterim bail given to YouTuber Rajab Butt in gambling app marketing case
