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The PM informs the cabinet that the UAE has rolled over Pakistan’s $2 billion debt.

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On Tuesday, Prime Minister Shehbaz Sharif said during a federal cabinet meeting that the United Arab Emirates (UAE) had declared a rollover of $2 billion in debt that Pakistan is supposed to repay this month.

The news comes after Prime Minister Shehbaz and UAE President Sheikh Mohamed bin Zayed Al Nahyan met one-on-one in Rahim Yar Khan. The prime minister informed the cabinet that the discussion was “positive and constructive,” with both leaders talking about enhancing investment cooperation and fortifying bilateral ties.

During the cabinet meeting, the premier expressed gratitude to the UAE president for the gesture, highlighting its significance for Pakistan’s economic stability in televised remarks. He said Sheikh Nahyan promised that his nation would not lag behind in this area and pledged to invest in Pakistan.

Sheikh H.H. H.E. Muhammad Shehbaz Sharif, Prime Minister of the friendly Islamic Republic of Pakistan, meets with Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, in Rahim Yar Khan, Pakistan, where they talk about ways to collaborate and cooperate together. clJ87KY5TL in a picture

— UAE Embassy PK January 5, 2025 (@uaeembassyisb)

“The UAE president reiterated his country’s commitment to enhancing the longstanding partnership with Pakistan and expressed a desire to swiftly implement investment projects,” said the president. Additionally, he expressed gratitude to the visiting dignitary for announcing the debt rollover.

Because of everyone’s efforts, PM Shehbaz emphasized that Pakistan’s economy was headed toward stability. He emphasized the government’s resolve to turn Pakistan into a thriving country and restore its former splendor, stating, “But this needs a journey of sacrifice, blood, sweat, and nothing short of that.”

In order to improve exports and trade, he said, measures to lower the cost of electricity were necessary when the indigenous economy program was launched. Additionally, he announced that a “comprehensive” conference would be held this week to discuss cutting electricity prices, which he organized last week with the participation of regional governments.

Shehbaz praised the recent surge in textile exports and emphasized the importance of diversification into non-traditional industries and export-led growth. He emphasized the importance of small and medium-sized businesses (SMEs) for economic development and brought up a recent meeting to conclude the SMEDA Board, where some significant decisions were also made. January 15 is the date of another meeting on the subject, he continued.

Later this month, Indonesian President Prabowo Subianto is expected to visit Pakistan, where the two countries are expected to talk about deepening and integrating their bilateral cooperation, the PM shared. Additionally, the two countries will look at potential collaboration in the import of edible oil and the export of halal rice and meat.

A deputy commissioner and others were hurt in a recent fire incident in Lower Kurram, which the prime minister denounced as an attempt to undermine the peace deal. In addition to expressing hope for the victims’ recovery, he reaffirmed the government’s commitment to fighting people smuggling, a practice that has resulted in a huge death toll and damaged Pakistan’s standing internationally.

“To address this serious issue, regular meetings are being held with the Interior Ministry and other relevant departments,” he continued.

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China and Pakistan will travel to Pamir-Hindu Kush-Karakoram together on scientific trips.

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BEIJING: With assistance from the China-Pakistan Joint Research Center on Earth Sciences (CPJRC), Northwest University (NWU) and Karakoram International University (KIU) want to carry out collaborative scientific expeditions in the Pamir-Hindu Kush-Karakoram region.

According to the recently signed partnership agreement between the two universities, they will work together on research projects, develop talent, and train teachers primarily in the areas of cultural heritage conservation and geological catastrophe prevention and control.

According to CEN, they also talked about expanding the options for Pakistani students to pursue postdoctoral and academic degrees at NWU.

“There is a strong need for external cooperation in geological disaster and cultural heritage preservation due to complex geological conditions, frequent disasters, and unique cultural heritage in the region where KIU is located,” stated KIU Vice Chancellor Engr. Prof. Dr. Attaullah Shah.

In addition to KIU’s distinct characteristics, NWU has an edge in areas such ecological environmental protection, natural disaster prevention and control, etc., according to NWU President Sun Qingwei.

China-Pakistan cooperation in earth science is constantly evolving. A DoU to jointly develop the Karakoram Observation and Research Station (KORS) on Natural Hazards was recently inked in February between KIU and CPJRC.

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Unveiling of the PSL X trophy in the Arabian Sea

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With the stunning introduction of its historic 10th edition trophy, Luminara, in Karachi’s coastal waters, the HBL Pakistan Super League has created history.
This extraordinary action, which represents creativity, tenacity, genius, and the essence of Pakistan’s top T20 league, is a new turning point in the league’s history.
The PCB released a video showing Colombian cliff-diving sensation Orlando Duque, aided by the Pakistan Navy, plunging into the Arabian Sea to retrieve the PSL X trophy, “Luminara,” which is picked up by former captain Sarfraz Ahmed and PSL CEO Salman Naseer on the Karachi shores.
Made from a single sheet of solid silver that has been expertly machined to create its elaborate stone settings, Luminara is a stunning work of art. The trophy, which weighs 10 kg and is embellished with 22,850 high-luster zircon stones, is a reflection of the HBL PSL’s competitive prowess, passion, and exceptional stars.
The Latin words “lumens,” which means “light,” and “luminare,” which means “torch,” are the sources of the name Luminara, which means illumination. It represents the league’s ten-year history of setting the standard for entertainment and cricket excellence.
With the assistance of the Pakistan Navy, a professional diver unearthed a treasure box from the deep sea during the revealing, which took place in the open waters of the Arabian Sea. The prized trophy was then presented to HBL PSL stakeholders in Karachi. The story describes an amazing performance that embodies the league’s richness, development, and unflinching attitude. Cricket players, franchise representatives, and HBL and PCB officials all witnessed this extraordinary spectacle, which increased the anticipation for HBL PSL X.
In his remarks on the momentous occasion, Chairman PCB Mohsin Naqvi stated that the league’s dedication to innovation and quality is demonstrated by the introduction of “Luminara” at sea. “This trophy symbolizes the league’s illuminating history and its promising future as we commemorate ten years of the HBL PSL,” he continued.
“The HBL Pakistan Super League has always been about pushing boundaries, both on and off the field,” stated Salman Naseer, CEO of the HBL PSL. The HBL PSL has been a rich source of skill, tenacity, and sportsmanship, just like the sea is full of secrets and depth. This special reveal demonstrates the intense enthusiasm that our players and supporters have for the game.
The 10th edition of HBL PSL is set to take place in four cities – Karachi, Lahore, Multan and Rawalpindi from 11 April to 18 May. The opening match will be played between the defending champions Islamabad United (IU) and Lahore Qalandars (LQ) at the Rawalpindi Cricket Stadium.

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The policy of repatriation is enforced by Pakistan, and the deadline for Afghan citizen card holders to leave the country is set for 18 days.

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It is only 18 days left until the deadline that the government has set for the departure of unlawful foreign nationals and holders of Afghan Citizen Cards. The deadline is rapidly approaching.

It is expected that the foreign nationals who are illegally residing in the country would face severe consequences if they do not leave the country by the 31st of March.

Considering that there are just 18 days left, the deadline for their departure is drawing near almost immediately. A guarantee has been provided by the government that there will be no instances of cruelty during the process of evacuation.

As an additional point of interest, the government has announced that preparations have been taken to provide food and medical services for individuals who are departing the nation.

It was highlighted by the government that foreign nationals who wish to remain in Pakistan must complete the legal conditions in order to obtain permission to do so.

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