Islamabad: Pakistan and Barrick Gold Corporation have agreed to pay the share of the government of Pakistan in Pakistani rupees for the investment in Reko...
ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar said on Tuesday that the government had formed Pakistan Sovereign Wealth Fund to take use of the potential of the mining, agricultural, and information technology sectors. These are the growth-drivers of the future. No matter who is in charge, the government would be primarily focused on mines and minerals as well as IT in the years to come, the minister said in a speech at the Pakistan Minerals Summit themed “Dust to Development: Investment Opportunities in Pakistan.” He claimed that the administration was making significant efforts to assist investors and take advantage of the nation’s resources. He said the draft legislation for establishing the fund, which was more acceptable globally, had...
Islamabad: The interim Afghan government has been urged to take action against the TTP and other terrorist groups that operate out of Afghanistan and engage in terrorism inside Pakistan by Foreign Minister Bilawal Bhutto Zardari. In Islamabad on Tuesday, he was replying to a query at the launch of the Digitised System under FM’s Change Management Initiative. According to the foreign minister, Pakistan shouldn’t be forced to choose this course of action. He asserted, citing international law, that the Afghan interim government must adhere to its pledges made as part of the Doha Agreement not to permit anyone to exploit its territory for terrorist actions against any nation. Bilawal Bhutto Zardari, however, said Pakistan should be ready to extend all necessary assistance and cooperation...
Islamabad: Finance Minister Ishaq Dar on Tuesday announced a massive Rs19 per litre increase in the price of petrol and diesel, which he said was done...
Azam Nazir Tarar, the federal minister of law, met with Governor of Punjab Muhammad Balighur Rehman on Tuesday at the Governor’s House in Lahore to address several topics, including the political and economic climate. Governor of Punjab Muhammad Balighur Rehman spoke on this occasion and stated that Prime Minister Shehbaz Sharif and his economic team have once again worked hard to set the nation on the path of growth. The work on CPEC, according to him, has accelerated as a result of the country’s inauguration of development projects, highways, power plants, and industrial zones. He said that several development projects had been started, and the administration had revitalised the nation’s economy. He said the government has also restored the dignity of the country among friendly and brotherly countries,...
Delhi: According to Indian Express, five people—including a naib imam of a mosque in Gurgaon—were slain and over 50 others were injured as Hindu-Muslim confrontations broke out in the Indian state of Haryana close to New Delhi. According to Reuters, which cited concerned police officials, the violence started as a Hindu religious procession travelled through the predominantly Muslim Nuh district, which is situated around 50 km from the nation’s capital. According to Krishan Kumar, Nuh police spokesperson, “the procession was intended to move from one temple to another but clashes broke out between two groups on the way.” Two of the dead, he added, were members of the home guard, a voluntary force aiding police in controlling civil...
ISLAMABAD: Chief of Naval Staff Admiral Amjad Khan Niazi called on Prime Minister Muhammad Shehbaz Sharif in Islamabad on Tuesday. Detailed discussion on professional matters...
ISLAMABAD: The Special Investment Facilitation Council (SIFC), according to Prime Minister Shehbaz Sharif on Tuesday, would guarantee the immediate and uninterrupted completion of the projects of foreign investment in Pakistan. In a meeting with a Saudi team headed by Khaled bin Saleh Al-Mudaifer, the deputy minister for mining, industries, and minerals in Saudi Arabia, the prime minister declared that Pakistan offered huge investment potential, notably in the mining industry. The prime minister welcomed the team and expressed Pakistan’s gratitude to the Saudi government and people for helping the country in its time of need. “Pakistan is your second home. The brotherly relations between Pakistan and Saudi Arabia were of special significance. The whole Pakistani nation...
Islamabad: The National Assembly on Tuesday approved a bill to alter the Official Secrets Act of 1923, which calls for a maximum sentence of three years in prison for anyone who divulges the identities of intelligence agency personnel, informants, or sources. The “Official Secrets (Amendment) Bill, 2023″ was proposed by Minister of Parliamentary Affairs Murtaza Javed Abbasi. According to the bill’s Statement of Objects and Reasons, “it is imperative to amend the Official Secrets Act, 1923, and make it more effective in view of the changing social milieu to ensure the safety and security of official documents.” The bill, a copy of which is available media, proposes adding Section 6-A (unauthorised disclosure of identities) to the act,...
ISLAMABAD: Prime Minister Shehbaz Sharif has said that Pakistan is more than willing to support Chinese President Xi Jinping’s goal of a common future of progress and prosperity. His comments were made as he saw six agreements and memorandums of understanding (MOUs) being signed between Pakistan and China in an effort to advance bilateral cooperation. On Monday, Pakistan and China signed six documents that, according to Prime Minister Shehbaz Sharif, will strengthen bilateral cooperation and support the implementation of the second phase of the China Pakistan Economic Corridor (CPEC) using a novel approach. Prime Minister Shehbaz and Chinese Vice-Premier He Lifeng, who is in town with a delegation to take part in the CPEC 10th anniversary festivities, attended the signing ceremony, which was held at the PM House. Both countries signed Document on the Joint cooperation Committee on CPEC; MoU on...
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