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Prime Minister Shehbaz pledges full support for Saudi investment.

Published

3 months ago

Farwa

Prime Minister (PM) Shehbaz Sharif promised on Monday that his government would fully support the Saudi investment, allowing the investors and businesspeople to use joint ventures to quickly complete their future projects in Pakistan and replicate them for the benefit of the people of both countries.

At a dinner event held in honor of a visiting delegation from the Kingdom of Saudi Arabia, the prime minister stated that time was of the essence and emphasized that in order to fully capitalize on this opportunity, they would need to overcome the obstacles. The Saudi leadership, along with prominent investors and businessmen, wished to promote Pakistan’s interests.

Federal ministers, the Saudi ambassador to Pakistan, members of the delegation, top officials, and Chief of Army Staff General Syed Asim Munir were all present at the ceremony.

Turn off the silent
The prime minister emphasized that the government’s role was to provide policy frameworks, act as catalysts, and remove any obstacles in the way of the swift achievement of economic aims rather than to engage in business.

In order to facilitate foreign investment, he declared, the administration has decided to remove all red tape and bureaucratic obstacles.

In order to accomplish all those projects in the best interests of Saudi investors and the people of Pakistan, the prime minister claimed that the Special Investment Facilitation Council (SIFC) was the most reliable and comprehensive tool available, further solidifying their alliance and fostering mutual progress.

He remarked that the Saudi delegation found the SIFC to be an acceptable model and expressed complete satisfaction with the current opportunities.

The prime minister declared that the Saudi investors might profit from a variety of initiatives and that the possibilities would only expand if they were given a system free from complications, red tape, and bureaucratic roadblocks.

PM Shehbaz conveyed his satisfaction with the firm and observable progress made during the delegation’s meeting with their Pakistani counterparts.

According to him, they will soon see strong agreements involving investments of billions of dollars.

The prime minister recalled his visit to the Kingdom of Saudi Arabia during Ramadan ul Mubarak. He described his meeting with Mohammed bin Salman, the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, as “a wonderful interaction and he was extremely encouraged and deeply impressed with his forward-looking vision that transformed KSA in many ways to come, whether it was in agriculture, education, IT, communication and infrastructure, youth empowerment and all inclusive policies.”

With the fastest-growing economy in the world, the newest transportation and infrastructure, job opportunities, and remarkable advancements in every area of life, the Kingdom of Saudi Arabia is now among the most advanced nations in the world thanks to the energetic and innovative leadership of the Crown Prince, he continued.

According to the prime minister, the interactions between the Saudi delegation and its Pakistani counterparts would strengthen the ties of friendship and fraternity and enable them to reach new heights.

Through good times and bad, the Kingdom of Saudi Arabia has consistently supported Pakistan. He said, “If we were to express our gratitude, it would not be enough for their kindness over the past 70 years.

According to him, thirty years ago, Pakistan could provide training to its Saudi brethren in several fields; however, with greater experience and vast potential, the Kingdom of Saudi Arabia could now train Pakistanis well.

Ibrahim Al Mubarak, the Saudi Assistant Minister for Investment, praised the prime minister for his cordial hospitality on the occasion.

Under the direction of their leadership, they moved quickly to explore a collaboration with Pakistan, he added, adding that their visit was a testament to their deep friendship and strategic partnership, both of which were very essential.

In addition, he praised the business sector’s response to their interactions and expressed his belief that the two brotherly nations could work together to accomplish common economic goals because of their great ties.

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Rainfall throughout the night stops flights in Lahore.

Published

22 hours ago

Farwa

Allama Iqbal International Airport experienced many hours of flight disruption due to the intense rainfall and windstorms that occurred overnight in Lahore, the provincial capital of Punjab.

Aviation sources claim that because of the monsoon weather, the flight operation was unable to operate between 3 and 4 am.

It is possible that the planes will arrive at the airport at 4 am.

Amidst delays in foreign airline flights, three aircraft made landings in Multan and Peshawar.

Riyadh flights arrived in Peshawar Airport, while flights scheduled to land in Lahore in Abu Dhabi and Bahrain ended up landing in Multan Airport.

Seven hours later than scheduled, the Qatar Airways flight from Doha arrived in Lahore.

Because of the bad weather, there are delays in the arrival and departure of numerous international planes.

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Containers were used to seal the Red Zone before JI’s sit-in at D-Chowk.

Published

22 hours ago

Farwa

Authorities in Islamabad have blocked off the Red Zone by erecting containers in front of today’s (Friday) Pakistan Tehreek-e-Insaf (PTI) demonstration and the Jamaat-i-Islami sit-in at D-Chowk in Islamabad.

Jamaat-i-Islami is scheduled to stage a sit-in at Islamabad’s D-Chowk, and the Pakistan Tehreek-e-Insaf (PTI) has declared a nationwide protest against the country’s soaring inflation and recent spike in electricity rates.

Containers have been used to block access to the Red Zone’s main crossroads, D Chowk, Nadra Chowk, and Sarina Chowk.

ISLAMABAD, PUNJAB SECTION 144

In the meantime, in response to PTI and JI plans for statewide rallies, the federal and Punjabi governments enforced Section 144 in Islamabad and Punjab. Section 144 will be in force from Friday, July 26 to Sunday, July 28, per the notification that was released in this regard.

Rallies, sit-ins, protests, and rallies are prohibited from July 26 to July 28, according to a letter from the Home Department. It said that terrorists may find public gatherings to be an easy target and stated that the decision had been made with the threat of terrorism in mind.

In contrast, JI Secretary General Ameerul Azeem claimed in a statement that police had raided the residences of JI officials across the nation.

In an attempt to break up the protest, he said, police had targeted JI leaders and activists. He also alleged that multiple instances of police raids, arrests, and harassment of women had occurred in various towns.

GOVT ADVISED

The government was forewarned by Jamaat Emir Hafiz Naeemur Rehman earlier on Thursday that it would face consequences if the party was barred from accessing Islamabad for their scheduled demonstration against inflation and an increase in electricity prices.

He stated in a statement that their belief is in peaceful political protest as a means of securing public rights. “We are not afraid of arrests, and the Jamaat-e-Islami cannot be stopped,” he added.

“The historic sit-in on Friday, July 26, will represent 250 million people of Pakistan, and we will sit peacefully at D-Chowk.”

According to the JI, convoys are in route from all around the nation to participate in the sit-in. He encouraged the administration to offer a location for the protest, highlighting that it is their constitutional and democratic right to speak up for the country.

“Any political party that wishes to participate” was invited, and he welcomed them all.

Prior to the sit-in, police raided the residences of JI leaders and officials in many parts of Punjab and Rawalpindi, making multiple arrests.

Ameerul Azim, the central secretary general of Jamaat-e-Islami, was not able to be arrested during the police raid; instead, Shaukat Mahmood, his driver, was taken into custody.

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Changes to Pakistan’s Test team could be significant for the Bangladesh series.

Published

22 hours ago

Farwa

Major changes to Pakistan’s team are anticipated ahead of the forthcoming Test series against Bangladesh, sources in Lahore have revealed.

As the team gets ready for the series, meetings with the players are planned for next week.

It is predicted that the Test squad would undergo several changes. The team’s lineup is expected to be strengthened by the likely inclusion of Muhammad Huraira. Key players like Faheem Ashraf, Wasim Jr., Saim Ayub, and Nauman Ali, whose contributions are vital to the team’s success, struggle to get a spot on the squad.

Furthermore, according to sources, Imamul Haq or Sahibzada Farhan are anticipated to be added to the team, subject to additional assessment. Furthermore, following a fitness assessment, Amir Jamal and Hasan Ali’s futures will be determined.

The ultimate selection for the Test team will take place following Red Ball head coach Jason Gillespie’s return to Pakistan. The ultimate squad that will play Bangladesh in the forthcoming Test series will be greatly influenced by his assessments and thoughts.

Pakistan is scheduled to visit New Zealand in March and April of 2025, according to the country’s official cricket schedule, which was released earlier this month.

Throughout their visit, the Pakistan cricket team will play three One Day Internationals (ODIs) and five Twenty20 Internationals (T20Is) in an exciting series.

The T20I series, which starts at Hagley Oval in Christchurch on March 16, will serve as the tour’s opening event.