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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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Four Pakistanis were saved from people smugglers by the Pakistan Embassy in Iran.

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Four Pakistanis were saved from people traffickers in Iran.
As the number of cases of trafficking in persons has grown, the Embassy of Pakistan has worked with the Government of Iran to save four Pakistani citizens. Because of the rescue effort, the people who were smuggling people were also caught.
The Pakistanis officially came to Iran, but they were later taken by a group of people traffickers who tortured them and told their families they needed a large ransom to free them. Their lives were saved when the embassy of Pakistan and the government of Iran stepped in at the right time.
In his message, Ambassador Muhammad Mudassir Tipu asked Pakistanis who want to visit Iran to do so properly and keep in touch with the Embassy of Pakistan in case something goes wrong. He also told them to stay alert so they wouldn’t fall victim to Human Smugglers.
The rescued Pakistanis, Ghulam Mustafa Tabassum, Muhammad Suhail, Muhammad Arsalan, and Muhammad Khurram, expressed their gratitude to the Embassy of Pakistan and the Government of Iran for their untiring efforts in securing their release

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Pakistan Achieves Macroeconomic Stability: Finance Minister Aurangzeb Highlights Government Success

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Finance Minister Muhammad Aurangzeb says that the government’s policies have made Pakistan’s economy stable over the past year.
He talked about lower inflation and interest rates, more foreign exchange assets, and the stabilisation of the currency in an interview with the Global Media Company Forbes.
In talking about the structural changes and how important it is to get local investors involved, Muhammad Aurangzeb said that the government’s main goal is to make the economy stable so that investments can come in.
According to the finance minister, Pakistan has the third-largest number of freelancers in the world. The government is working to make the environment more favourable for them so that they can get a lot of investment and grow the economy through exports.

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PM Meets Chief Justice: Talks About Missing Persons, Pending Tax Disputes, and Judicial Reforms

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Prime Minister Muhammad Shehbaz Sharif met with Pakistan’s Chief Justice Yahya Afridi in the Chief Justice House. They talked about important topics such economic difficulties, ongoing tax cases in the nation’s courts, and judicial reforms.
The Prime Minister offered his best wishes and congratulated Chief Justice Afridi on taking office at the meeting.
He commended the Chief Justice’s initiative in making sure that justice is delivered in a timely and effective manner.
The Chief Justice’s efforts to visit remote areas of South Punjab, Interior Sindh, Balochistan, and Khyber Pakhtunkhwa in order to conduct personal assessments of the legal system were especially welcomed by the Prime Minister.
Afridi’s interactions with many stakeholders to reform the legal framework and increase access to justice were also praised by him.
The Prime Minister emphasised the need for prompt and merit-based decisions to support economic stability and offer relief to businesses by highlighting the long-pending tax cases in several courts.
He asked the Chief Justice to expedite decisions in certain instances in order to clear the backlog of cases.
The Prime Minister’s opinion was welcomed by Chief Justice Afridi, who also asked for more recommendations on how to strengthen the judicial system.
In response, the prime minister pledged his complete cooperation in restoring the judiciary’s effectiveness and putting changes into place.
Along with reaffirming his commitment to tackling the missing persons issue, the Prime Minister gave the Chief Justice his word that he will step up efforts to expedite meaningful measures in this respect.

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