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First-ever barter trade deal signed by Russia and Pakistan at the inaugural trade forum in Moscow

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Following the first-ever Pakistan-Russia trade and investment summit in Moscow, where a delegation of more than sixty Pakistani enterprises took part, the two nations have inked their first-ever barter trade agreement.

Abdul Aleem Khan, the Minister for Privatisation, stated his belief in the opening of new bilateral connections between the two nations during his speech.

There have been diplomatic and commercial contacts between Pakistan and Russia for a long time, he remarked. He stated Pakistan places a high value on its ties with Russia, stressing the potential for mutual business cooperation between the two countries in a variety of sectors.

Pakistan’s economic environment is appealing, as the Minister for Privatisation pointed out.

Having the most permissive trade and investment policies in the area, he said that Pakistan is the fifth-largest market in the world. According to him, foreign investment is completely protected in Pakistan. We invite investments in every area of our economy.

The one billion dollar mark in bilateral trade between Pakistan and Russia has pleased both countries, as stated by Pakistan’s ambassador to Russia, Muhammad Khalid Jamali, in remarks on the occasion. He said this indicates both nations’ growing desire to improve their trade and economic ties.

Russian trade is seen as significant and trustworthy by Pakistan, according to the envoy. In order to improve economic ties, he said Pakistan looks forward to working with Russia.

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The PM urges cooperation to advance enduring peace in Gaza and Ukraine.

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In order to establish enduring peace in Gaza and Ukraine, Prime Minister Shehbaz Sharif has underlined the necessity of teamwork.

He was speaking with Ms. Jane Marriott, the High Commissioner of the United Kingdom, who paid him a courtesy call in Islamabad today.

The Prime Minister conveyed his greetings to King Charles III and wished him a quick recovery to full health. Additionally, he reaffirmed his request that King Charles III make a royal visit to Pakistan as soon as possible.

Additionally, the prime minister conveyed his delight with the advancements in the two nations’ bilateral relations.

The High Commissioner said the UK is committed to strengthening its ties with Pakistan and to continue partnering in the country’s national progress and development.

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Negotiations with IMF for $7 billion loan programme start

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– Policy talks for the next phase of the $7 billion loan package for Islamabad were formally launched on Tuesday between Pakistan and the visiting delegation of the International Monetary Fund, a major lender.

Nathan Porter is in charge of the IMF delegation, while Finance Minister Muhammad Aurangzeb leads Pakistan’s economic team. Rashid Langrial, the chairman of the Federal Board of Revenue (FBR), is also taking part in the discussions.

The IMF delegation will be briefed by Finance Minister Aurangzeb on Pakistan’s present economic circumstances. The IMF delegation will make suggestions for the budget for the upcoming fiscal year. Pakistan will submit a report on the first half of the current fiscal year as well as a report on the execution of the IMF-imposed restrictions under the $7 billion loan program.

The IMF mission will be briefed by the Pakistani team on real estate and agricultural income taxes.

The IMF delegation will offer suggestions about the release of a $1.1 billion tranche to Pakistan following the negotiations.

The IMF mission negotiations will last until March 15.

The IMF mission was previously briefed on tax and energy policies at the Pakistan Business Council office.

During an introductory session, representatives from the Ministry of Finance and the Ministry of Planning gave the visiting International Monetary Fund (IMF) delegation an update on the economic review for the release of the next installment of $1 billion from the $7 billion bailout package.

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The Planning Ministry provides the IMF with a report on the Green Pakistan Initiative.

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During an introductory session, representatives from the Ministry of Finance and the Ministry of Planning gave the visiting International Monetary Fund (IMF) delegation an update on the economic review for the release of the next installment of $1 billion from the $7 billion bailout package.

The Green Initiative Report was presented to the international lender by the Planning Commission, Ministry of Finance, and Ministry of Planning, according to sources.

A report on climate change projects as part of the Green Initiative was also presented by the Ministry of Planning.

As part of the IMF’s initial demands, the Ministry of Finance instructed the Planning Commission to compile the report in response to the IMF’s request.

According to Planning Commission sources, the meeting also covered the current fiscal year’s Public Sector Development Programme (PSDP) budget cuts and expenditures.

Additionally, during the introduction session, representatives from the Ministry of Planning and the Ministry of Finance gave a briefing.

The economic team would start formal negotiations with the IMF delegation tomorrow, according to sources at the Ministry of Finance.

According to the timetable, the Ministry of Finance and other ministries will meet with the IMF tomorrow.

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