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PM Shehbaz to depart for Baku as Islamabad eyes LNG cargoes

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  • PM’s visit comes as Pakistan aims to get LNG from Baku.
  • Premier to hold wide-ranging talks with the Azerbaijani president.
  • PM Shehbaz’s entourage would also include relevant ministers.

Prime Minister Shehbaz Sharif, invited by President Ilham Aliyev, will travel to Azerbaijan today (Wednesday) as Islamabad aims to obtain spot liquefied natural gas (LNG) deliveries from Baku.

In a recent development, Pakistan released two tenders for spot liquefied natural gas (LNG) shipments after nearly a year, coinciding with the announcement of a monthly LNG cargo agreement with Azerbaijan.

Pakistan has encountered difficulties in procuring spot cargoes of liquefied natural gas (LNG) due to its dependence on gas for power generation and limited foreign exchange reserves, aggravated by the spike in global prices resulting from Russia’s invasion of Ukraine.

Petroleum Minister Musadik Malik, on Tuesday, announced that Azerbaijan had agreed to provide Pakistan with a monthly LNG cargo at a more affordable price. Although specific details of the supply agreement were not disclosed, Malik confirmed that a contract had been signed with Azerbaijan and that the deliveries would commence in the near future.

This situation resulted in widespread power outages. However, Asian spot LNG prices have significantly declined this year, dropping from the record highs of $70/mmBtu in August to below $10.

Meanwhile, the prime minister’s entourage would also include ministers representing the priority areas of cooperation with Azerbaijan.

During his visit, the premier will hold wide-ranging talks with the Azerbaijani president on key areas of cooperation, including trade, investment, and energy.

Meanwhile, regional and global issues of mutual concern and cooperation in multilateral forums will also be discussed.

“Pakistan-Azerbaijan relationship is embedded in commonalities of faith, culture and history, and strengthened by mutual trust and convergence of views on regional and global matters,” the FO statement read.

The minister added that the frequent leadership-level exchanges highlight the bonds of friendship between the two countries and contribute to closer multifaceted cooperation for the mutual benefit of the people of Pakistan and Azerbaijan.

On the other hand, the Economic Coordination Committee (ECC) will meet today (Wednesday) with Finance Minister Senator Ishaq Dar to take up the issue of approval for the import of distressed LNG for the third time from an Azerbaijan firm SOCAR, based in the UK.

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On Friday, PTI calls for nationwide protests.

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PTI called for a nationwide walkout on Friday (tomorrow) in opposition to the proposed constitutional amendment package, citing its founder Imran Khan’s incarceration as unfair treatment, and demanding access to the jailed leader for attorneys, PTI leaders, and supporters.

Within a meeting, the PTI’s leaders resolved to stage a nationwide protest, the party claimed in a statement released on Wednesday.

In both houses of the parliament, every effort was decided to be made to obstruct the path of modification, according to the statement.

As well as advocate Intizar Hussain Panjotha, Azam Swati, and all other jailed leaders, activists, and members of parliament—including the president of Tehreek-e-Insaf Balochistan—the party’s political committee demanded their release. Aleema and Uzma Khanum are the sisters of PTI founder Imran Khan.

The PTI requested that following Friday prayers, regional organizations stage a nonviolent demonstration at district headquarters.

It argued that the constitutional change is an unacceptable attempt by the administration to distort the Constitution.

In a statement, it was stated that Imran Khan’s release was sought and that both chambers of parliament had decided to do all within their power to obstruct the amendment.

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The National Assembly is expected to assemble on October 18 to approve proposed constitutional modifications.

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It is anticipated that the National Assembly will meet on October 18 or 19 to ratify the proposed 26th constitutional amendment.

The National Assembly Secretariat has reportedly been instructed to get ready for the important gathering, according to sources.

The Pakistan Tehreek-e-Insaf (PTI) has expressed strong opposition to the proposal, which seeks to overhaul the judiciary. The government coalition is pushing through its legislative agenda in spite of this opposition.

In the 342-member National Assembly, the constitutional modification bill needs 224 votes, or a two-thirds majority, to be approved. But with only 215 members, the ruling coalition is now not strong enough to form a majority.

111 members of the Pakistan Muslim League-Nawaz (PML-N), 70 members of the Pakistan Peoples Party (PPP), 22 members of the Muttahida Qaumi Movement (MQM), five members of the Pakistan Muslim League-Quaid (PML-Q), and smaller numbers from other affiliated parties like the National Party, the Balochistan Awami Party (BAP), and the Pakistan Muslim League-Zia make up the breakdown.

Political analysts speculate that the recent verdict by the Supreme Court on Article 63-A, which permits the votes of dissident members, may be crucial in obtaining the necessary majority given the size of the ruling coalition.

To get their support for the amendment, the administration might try to influence PTI-aligned lawmakers.

Maulana Fazlur Rehman, the head of Jamiat Ulema-e-Islam-Fazl (JUI-F), has become a crucial player in this political equation. The backing of his party may be essential to guaranteeing the bill’s passing.

Maulana Fazlur Rehman announced yesterday that the constitutional amendment draft has been agreed upon. In an effort to strengthen his party’s position, he is scheduled to meet with PML-N leader Nawaz Sharif tomorrow and PPP Chairman Bilawal Bhutto Zardari today.

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C’MAN PPP Addresses Ceremony In Karachi: Following The Impact Of Climate Change, The Agriculture Sector Needs To Be Regulated

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Amid the consequences of climate change, the agriculture industry need regulation, according to Pakistan Peoples Party Chairman Bilawal Bhutto Zardari.

According to Bilawal Bhutto, agriculture is the backbone of the nation, as she stated during a ceremony in Karachi.

He claimed that during his first tenure in office, President Asif Ali Zardari moved historic measures to ensure the prosperity of farmers in the nation and supported small-scale farming.

According to Bilawal, the rights of the nation’s farmers and laborers have always been upheld by Shaheed Benazir Bhutto.

He emphasized that the Pakistan People’s Party has consistently supported the rights of the poor and that Shaheed Benazir Bhutto made courageous choices to defend the rights of farmers.

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