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MoUs are signed by Pakistan and China on IT, flood recovery, and other areas.

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Prime Minister Muhammad Shehbaz Sharif received a visit by a high-level team of the Chinese International Development Cooperation Agency, headed by Luo Zhaohui, the agency’s chairman, in Islamabad. Jiang Zaidong, the Chinese ambassador to Pakistan, was present at the meeting as well.

Together with a Letter of Exchange regarding the establishment of a First Aid Centre in Balochistan and Protocol on Cooperation in Human Resources Development under the Global Development Initiative, the Prime Minister witnessed the signing ceremony of four Memorandums of Understanding focusing on Flood Rehabilitation, Information and Communication Technologies, Juncao Technology, and China-Pakistan Development Cooperation Planning 2024–2028.

As he welcomed the team, Prime Minister Shehbaz praised China’s unwavering support for Pakistan and stated that it is Pakistan’s most reliable ally. The prime minister praised CIDCA in particular for its crucial assistance during the 2022 floods as well as for its relief, rehabilitation, and reconstruction efforts in Pakistan, acknowledging CIDCA’s critical role in supporting Pakistan’s economic development.

He stated that the advancement and prosperity of the peoples of the two nations, as well as Pakistan’s socioeconomic development, have been facilitated by the China-Pakistan Economic Corridor (CPEC). He thought that more industrial, scientific, and environmentally friendly development will come from CPEC Phase-II.

He continued by saying that CPEC-II offers the private sectors of both nations the chance to establish collaborative partnerships.

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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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