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China-Pakistan Joint Venture Approved by PM Shehbaz To Transfer Industries To Pakistan

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The partnership between Chinese and Pakistani businesses to transfer Chinese industries to Pakistan has been approved by Prime Minister Muhammad Shehbaz Sharif.

Today, the Prime Minister of Pakistan presided over the crucial Investment Board meeting in Islamabad and declared that the government’s top objective is to encourage both foreign and domestic investment in Pakistan.

The government, he claimed, is doing all within its power to create an atmosphere that is conducive to commerce and investment.

Throughout his tour to China, the Prime Minister gave concerned officials instructions to provide a thorough report on the development of Memorandums of Understanding between Chinese and Pakistani businesses in Shenzhen.

Amidst the events that have transpired since his visit to China, he also directs officials to amend the one-stop shop statute for special economic zones.

Relocating China’s textile, leather, footwear, and other industries to Pakistan, according to Shehbaz Sharif, is quite likely.

At the meeting’s briefing, the Secretary of the Investment Board stated that action is being conducted to relocate Chinese industry to Pakistan.

He stated that the establishment of the Islamabad Business Facilitation Center and the draft ease of doing business act are being handled by Chinese experts, who will shortly be submitted to the Cabinet Committee on Legislative Affairs.

Senior government officials, including Prime Minister’s Coordinator Rana Ehsan Afzal, Federal Minister for Petroleum Dr. Mossadegh Malik, Federal Ministers for Finance and Revenue Muhammad Aurangzeb, Abdul Aleem Khan, Federal Minister for Commerce, and Prime Minister’s Coordinator.

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E&P Companies Will Invest $5 Billion in Pakistan’s Petroleum Industry

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Over the next three years, local and foreign companies involved in Pakistan’s oil and gas exploration and production sector have shown a strong desire to invest more than $5 billion in the nation’s energy sector.

Recent changes to the Petroleum Policy and the implementation of an exclusive tight gas policy, which provide better incentives and a more investor-friendly regulatory framework, are credited with the increase in investor confidence.

These strategic changes are expected to boost domestic energy production, open up new avenues for growth, and draw large amounts of both domestic and foreign investment.

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PTI Encouraged Chaos and Sabotage: Rana Tanveer

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According to Rana Tanveer Hussain, the federal minister for food security, PTI encouraged violence, disorder, vandalism, and derogatory language in the nation’s politics.

The Minister told the reporters at Muridke that the founder PTI’s anti-nationalism and sabotage tactics are clear.

After Eid, he claimed, there won’t be any opposition movement since their leaders are still considering

According to the Minister, PTI is a tale of the past with a bleak future.

Additionally, he stated that the PTI has a history of flinging insults on one side and pleading on the other.

Rana Tanveer Hussain stated that the courts, not Trump, ought to determine what the PTI founder done to the nation.

Farmers would profit from the deregulation of commodity prices, especially those of wheat, according to the minister.

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DPM Restates Abundant Support for the Palestinian Cause

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Senator Muhammad Ishaq Dar, the country’s foreign minister and deputy prime minister, has reiterated Pakistan’s steadfast support for the Palestinian cause.

He made the statement while meeting with his Palestinian counterpart, Dr. Mohammed Mustafa, on the fringes of the Organization of Islamic Cooperation’s Extraordinary Council of Foreign Ministers meeting in Jeddah, Saudi Arabia.

Ishaq Dar reaffirmed Pakistan’s support for the creation of a viable, contiguous Palestinian state with Jerusalem as its capital, based on pre-1967 lines.

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