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PM Shehbaz asks Turkish investors to expand footprint in renewable energy

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  • PM says Pakistan to ensure hassle-free investment environment.
  • Turkish investors invited to tap Pakistan’s immense potential.
  • Premier says more Turkish firms eager to invest in Pakistan. 

ISTANBUL: Prime Minister Shehbaz Sharif Saturday called on the Turkish conglomerates to invest in Pakistan’s renewable energy sector as the power-deficient country was in dire need of sustainable sources.

“Turkiye investors are invited to build a solar park that could generate around 10,000 megawatts of energy for the country,” he said speaking to Turkish businessmen at the Pakistan-Turkiye business council meeting in Istanbul.

He said Pakistan paid $27 billion in energy imports in the last fiscal year (2021-22).

“This is an unsustainable amount hence we decided to slash the energy import bill. We rolled out our vision of creating 10,000 MW solar power scheme in Pakistan.” 

“We will fulfil this vision with investment from Turkiye, China, Saudi Arabia, Qatar and UAE,” he said.

He invited Turkish companies to tap the immense trade potential between the two brotherly countries, which he said should also be reflected in bilateral trade and business.

He reassured Turkish investors that Pakistan would provide a hassle-less and red-tape-free environment to Turkish investors.

“His government would no longer tolerate any snags and impediments in the way of investment from foreign investors including the Turkish brothers,” the PM said addressing a Turkiye-Pakistan Business Council meeting.

He said during his meeting with President Recep Tayyip Erdogan, he was informed that more Turkish companies were eager to come to Pakistan.

The PM said it was regrettable that in the past regime the Turkish companies that invested in Pakistan were not paid their dues on time. Similar was the case with the Turkish airlines operating in Pakistan, h added.

PM Sharif said such lethargy and red tape were unacceptable to his government and the people of Pakistan as they had benefited from the Turkish investment and support.

“I want to convey this message to all through you that we are brothers and family and will not tolerate such snags and impediments which hurt our ties,” he said, reassured that his government would remove all the issues and address their genuine issues.

He said to further promote their bilateral trade and business relations, work on the ‘Trade and Goods Agreement’ between the two brotherly countries would be expedited.

He said that they had signed an MoU to enhance the bilateral trade volume up to $5 billion in the next three years.

Turkiye’s annual trade stood at around $250 billion dollars and the trade of goods between Pakistan and Turkiye was hovering around one and a half billion dollars which were peanuts considering the immense potential, he added.

The prime minister stressed that such a scenario did not reflect their exemplary brotherly ties and stressed fully exploring the indefinite potential on both sides.

He said they should make efforts to double this trade volume in the next three years with strong commitment and sincerity of purpose as ‘only hard work and untiring efforts would be key to a wonderful success story.

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“Apni Chhat.Apna Ghar”: Punjab’s Chief Minister Examines a House Under Construction

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Punjab Chief Minister Maryam Nawaz Sharif visited a home in Kot Lakhpat, Lahore, constructed under the “Apni Chhat Apna Ghar” Loan Scheme.

To give the home owner furniture, CM Punjab gave the order.

The walls on the three-marla plot have been finished, and the roof-laying process has begun.

Chief Minister Maryam Nawaz Sharif gave Subia Munir a roof and gave a check for the second installment of the house’s development.

Maryam Nawaz was happy to be able to offer the home owner her warmest wishes on this particular occasion.

She stated that every citizen has the right to own a home and that the government is dedicated to helping those in need.

Information and Security Minister Uzma Bukhari, Housing Minister Bilal Yasin, Senior Minister Maryam Aurangzeb, and other officials attended the event.

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148 X-ray machines have been allotted to the provinces as part of the comprehensive measures taken to eradicate tuberculosis. This is Dr. Mukhtar.

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TB is being eradicated across the country, according to Dr. Mukhtar Bharath, who is the Coordinator to the Prime Minister on National Health Services. He has stated that efforts are being implemented that are both coordinated and effective.

For the purpose of diagnosing and eliminating tuberculosis, he stated in a statement that 148 X-ray equipment had been allotted to the provinces.

133 X-Ray machines have been delivered up to this point, according to him, and the process of distributing the remaining devices is currently underway and will be finished in the near future.

Dr. Mukhtar Bharath stated that these equipment are going to be deployed in hospitals that provide services for the detection and treatment of tuberculosis that are available.

In order to strengthen the primary health care system, he says that all of the essential actions are being taken.

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Speech Made by Pakistan’s Prime Minister on the International Day Against Poverty

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In renewing our commitment to a world where no one is left behind and where possibilities for success are unrestricted by one’s origin or circumstances, Pakistan stands together with the global community on this International Day for the Eradication of Poverty. In addition to being morally right, ending poverty is essential to attaining sustainable development and guaranteeing everyone’s peace and prosperity.

The people have always been the center of every policy made by our government. We have significantly reduced poverty and made sure that our most vulnerable residents are taken care of thanks to our social safety net programs. We think that providing long-term routes to economic empowerment is equally as important as providing instant relief when it comes to assisting people in escaping poverty. Our focused initiatives seek to equip communities—women and children in particular—with the means to create better futures for themselves.

The Pakistani government is steadfast in its commitment to improving the affordability of living for its citizens despite the obstacles we face on a global scale, such as inflation and economic instability. Our policies are designed to build long-term economic resilience, from meeting housing needs to guaranteeing food security. With the help of programs like the PM Youth Business, Agriculture Loans, Digi-Skills, which offers free IT training, and the Pakistan Education Endowment Fund, millions of families are receiving financial support and technological help that is changing their lives.

Eradicating poverty is also a top priority for Pakistan, which is still fully committed to reaching the 17 Sustainable Development Goals (SDGs). With a focus on inclusive growth, education, healthcare, and environmental sustainability, we will keep working together with our international partners to achieve these goals. The advancements made in empowering women and guaranteeing that their contributions are essential to the country’s social and economic fabric are another reason for pride.

On this day, I would want to express my sincere gratitude to everyone who is devotedly striving to end poverty, both in Pakistan and globally. We can create a future where everyone, regardless of circumstances, has the chance to flourish and succeed by uniting with a shared purpose and unwavering determination.

I speak on behalf of the Government of Pakistan to reiterate our steadfast commitment to this cause and to extend an invitation to all facets of society to work with us to create a world that is more wealthy, just, and inclusive.

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