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Prime Minister At the 23rd SCO CHG Summit, the Prime Minister emphasized the necessity for augmented trade and economic cooperation among SCO member states.

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Enhancing trade and economic cooperation among SCO members is vital to tackle various problems, as highlighted by Prime Minister Shehbaz Sharif.

Speaking at the SCO summit’s opening remarks, Shehbaz Sharif stated that Pakistan is still dedicated to promoting regional peace, stability, improved connectivity, and sustainable socioeconomic development—a commitment he made when he took over as conference chair last year.

In his words, the joint statement “testifies to our commitment to fostering inclusive and sustainable economic growth, improving connectivity, and implementing innovative strategies for green development.”

In his capacity as the head of the SCO, Prime Minister Shehbaz Sharif stated that while Afghanistan offers a chance for trade and transportation, the Afghan government needs to be made aware that Afghan territory cannot be utilized for terrorist activities.

As a moral as well as an economic concern, he pushed the member states to develop programs to reduce poverty.

The Prime Minister, Shehbaz Sharif, made the argument for climate action by stating that it is a global existential problem.

In defiance of the fundamentals of international law, Shehbaz Sharif denounced unilateral coercive actions and protectionist policies.
He emphasized that one encouraging development to protect us from worldwide financial shocks is the growing agreement among member states to use mutual currencies for settlement.
The need to increase SCO’s effectiveness was stressed by him.

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Business

Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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