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SIFC Promotes Petroleum Division’s Advancement: Minerals and Mining Division’s Operations

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With assistance from the Special Investment Facilitation Council, the Petroleum Division has made great strides in recent weeks.

At the upcoming conference, the Petroleum Division is expected to provide a cohesive position on Pakistan’s offshore blocks and work with the Ministry of External Affairs to enhance engagement with stakeholders in China and Saudi Arabia.

In addition, the Division must address the concerns mentioned in the audit report dated June 5, 2024, and include all provinces in its plans.

Setting milestones based on predetermined dates is necessary to guarantee project progress and completion on schedule.

The Inter-Provincial Coordination Committee is to arrange an interprovincial meeting on the regulatory framework for mining.

Announced by the Special Secretary of the Petroleum Division, all Federal Mineral Projects have been moved to the newly established minerals wing, where consultants are being hired.

The Division will also work with the Ministry of External Affairs to increase the availability of energy resources by importing LPG from Turkmenistan.

The Reko Diq Project will improve technical proficiency and fortify Pakistan’s mineral industry by bringing cutting-edge mining and processing technologies to the country.

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Rs. 209 billion was given to 31,700 young business owners.

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Over the course of the last eight months, 31,700 young entrepreneurs have received an incredible 209 billion rupees from the Prime Minister’s Youth Program through the Prime Minister Youth Business And Agriculture Loan Scheme, a major boost to entrepreneurship and youth empowerment.

The goal of this program is to provide young people with the tools they need to start and expand their businesses, which will eventually result in profitable employment and economic expansion.

With a simple online application process, prospective young entrepreneurs can now readily access the Prime Minister’s Youth Program benefits. Loan facilities are offered to youth through 15 different banks.

This significant accomplishment shows the government’s dedication to creating an environment that encourages young entrepreneurs and allows them to contribute to the growth and prosperity of the nation’s economy.

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DY PM Meets with the Saudi Envoy

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In Islamabad, Saudi Ambassador Nawaf Bin Saeed Ahmad Al-Malkiy paid a visit to Deputy Prime Minister Ishaq Dar.

Both pledged to deepen the already strong and long-standing relationship between the two nations, especially in the fields of investment and trade.

The Ambassador wished the DPM and the Pakistani people a happy Ramadan.

For Saudi Arabia’s government and citizens, Ishaq Dar did the same.

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Ishaq Dar Evaluates Foreign Investment Developments

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A meeting to assess the status of foreign investments in the maritime and aviation sectors was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister and foreign minister.

The meeting was attended by senior officials from many departments, including the secretaries of defence, privatisation, the board of investment, law, and maritime affairs.

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