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Saudi Arabia asks Shehbaz to perform Umrah, so he anticipates meeting MBS.

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11 months ago

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According Pakistani reports, Saudi Arabia has extended an invitation to Prime Minister Shehbaz Sharif to perform Umrah because it anticipates that during his visit, he will meet Crown Prince Mohammed bin Salman.

The invitation is extended at a time when Pakistan is in dire need of foreign investment to boost its faltering economy, which has been severely impacted by the depreciation of the currency, ongoing inflation, and historically high interest rates.

The sources claim that once the prime minister’s meeting with the Saudi crown prince, who serves as the de facto ruler of the oil-rich Gulf State, is finalized, he will depart for Saudi Arabia.

The two presidents will discuss a number of these endeavors as talks to formally define several projects for Pakistan are already under way.

According to the sources, a delegation from Barrick Gold recently visited Pakistan and spoke with Shehbaz and other high-ranking officials. As a result, it is anticipated that Saudi Arabia will spend $1 billion in the Reko Diq project in the coming weeks.

50% of Reko Diq is owned by Barrick, with the remaining 50% being jointly held by the province of Balochistan and the Pakistani government.

Chief Executive Officer of Barrick, Mark Bristow, has earlier praised Saudi Arabia’s participation in the billion-dollar Reko Diq project, one of the largest undeveloped ventures with enormous deposits of gold and copper.

In the meantime, Saudi Arabia and Pakistan are already investigating methods to strengthen cooperation in fields other than mining and energy, such as agriculture. It is anticipated that Pakistan will benefit from several development initiatives as a result of the prime minister’s visit.

Any investment from Saudi Arabia will help the country’s stocks and investors’ spirits, as the Pakistan Stock Exchange is once again setting new records following a strong decrease in inflation that reignited expectations for early interest rate reduction.

However, Riyadh, led by Mohammed bin Salman, usually referred to as MBS, has been focusing on economic diversification in an effort to lessen the kingdom’s reliance on fossil fuels and establish itself as a hub for entertainment, sports, and tourism in addition to manufacturing.

As a result, Saudi Arabia is not only drawing in international capital for a variety of industries, but it has also been sending billions of dollars abroad, a move that will strengthen its position as a major player in the world economy.

However, the World Bank noted in a recent report that Pakistan must simultaneously implement reforms and remove obstacles to draw in foreign investment on a consistent and long-term basis by attracting investors in a variety of industries.

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Enhancing Pakistan-Bahrain Collaboration: Tarar Highlights Fortifying Media Connections Between Pakistan and Bahrain

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2 days ago

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Attaullah Tarar, the Minister of Information and Broadcasting, has underlined the importance of strengthening cooperation between Bahrain’s and Pakistan’s official media organizations.
He proposed news sharing between the Bahrain News Agency (BNA) and the associated Press of Pakistan (app) during a meeting with Bahrain’s Minister for Information, Ramadan Bin Abdullah Al-Noaimi, in Riyadh. Attaullah Tarar stated that media delegation exchanges are essential to enhancing media cooperation.
According to the information minister, Pakistan and Bahrain have very close fraternal ties that are founded on shared history, religion, and culture.
Pakistan’s economy is heading in the right direction, according to Attaullah Tarar.
Additionally, he stated that Pakistan offers great prospects for foreign investors to make investments.
According to Bahrain’s Information Minister, the country cherishes its relationship with Pakistan.
He reaffirmed Bahrain’s determination to further strengthen media cooperation.

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Mandi Bahauddin District Jail: MNA Launches Improvement Initiatives at Jail

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2 days ago

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During his visit to District Jail Mandi Bahauddin, Member of the National Assembly Chaudhry Nasir Iqbal Bosaal officially opened a number of development projects, including the recently built jail building.
Chaudhry Nasir Iqbal Bosaal mna was welcomed at the District Jail by Superintendent Jail Haq Nawaz, Deputy Superintendent Sheikh Arif Nisar, Shahzad Aslam Jaja, and other jail staff. The Jail’s cadre saluted and presented a guard of honor.
He treated sick inmates admitted to the hospital, established other development projects, including the recently built jail facility, and toured several barracks, mills, anchorage, juvenile ward, and jail hospital.
at addition to planting a sapling at the jail as part of the tree plantation campaign, Chaudhry Nasir Iqbal Bosal MNA expressed gratitude for Superintendent Jail Haq Nawaz’s efforts and offered prayers for the nation’s growth and prosperity.

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Under the auspices of Ombudsman Punjab, an awareness seminar was held at the Government Mc High School in Nakana Sahib.

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The ombudsman Punjab Nankana Sahib Region held an awareness seminar at Government Captain Hassan Nawaz Shaheed MC High School.
The CEO of the District Education Authority, Shazia Bano, chaired the seminar. Advisor Malik Muhammad Aslam and District Education Officer Secondary Dr. Saima Zafar were among the educators, students, and education officers that attended the session.
In his speech to the seminar, Malik Muhammad Aslam stated that people are aware of their rights and that our goal is to eradicate institutional corruption and poor management.Everyone must do their share to improve institutions. The provincial ombudsman’s awareness campaign was deemed beneficial by civil society representatives, educators, and students, who said it provided them with information about the institution’s significance and what to do in the event of a complaint.Teachers and students reaffirmed their commitment to playing their part in raising public knowledge of the ombudsman.

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