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Saudi Energy Minister visits Gwadar

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GWADAR:  Saudi Minister for Energy, Industry and Minerals Khalid Abdul Aziz D. Al Falih arrived here today with a delegation to inspect the land allocated for a proposed oil refinery.  

Minister for Petroleum Ghulam Sarwar Khan, Ghulam Sarwar Khan speaking on the occasion said state-of-the-art oil refinery was the biggest investment project of Saudi Arabia in Pakistan.

He added that during the visit of Saudi crown prince to Pakistan next month MoU apropos the oil refinery will also be signed.   

Relevant Piece 1: A delegation of Saudi Arabia arrived here today to inspect the site for the proposed oil refinery at the deep seaport city, the ultimate destination of the China Pakistan Economic Corridor. Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan received the delegation, which was led by Saudi Minister for Energy, Industry and Mineral Resources Khalid Abdul Aziz D Al Falih. Ghulam Sarwar Khan said Pakistan and Saudi Arabia were enjoying cordial relations. Describing the refinery a ‘state-of-the-art facility’, he said it would the biggest investment of the Saudi government in Pakistan, for which a Memorandum of Understanding was expected to be signed next month. Chief Executive Officer of Aramco Associates Company Al Buainain Ibrahim Qassim was also part of the delegation.

Relevant Piece 2) Saudi Minister of Energy and Industry, Prince Engineer Khalid Abdulaziz Al-Falih on Saturday said Saudi Arabia would make a historic investment in Pakistan. Mutual cooperation of Pakistan, China and Saudi Arabia on Gwadar Port, which was located in an important region, would be exemplary, he said during a meeting here with Minister for Petroleum Ghulam Sarwar Khan and Minister for Maritime Affairs Syed Ali Haider Zaidi.  During the meeting, both sides reviewed possibilities of expanding exports and discussed the prospects of active cooperation to realize the existing potential of the Gwadar Port.  The two sides also discussed the possibilities of financial cooperation to enable Pakistan to exploit energy, sanitation and mineral resources judiciously. Earlier on his arrival in Pakistan, the Saudi minister along with his delegation was received by ministers Ghulam Sarwar Khan and Syed Ali Haider Zaidi at Gwadar Airport. Deputy Ambassador of Saudi Arabia in Pakistan Habibullah Bukhari was present on the occasion. The visiting dignitary was given a briefing by GPA Chairman Dosteen Khan and GDA Director General Dr. Sajjad Baloch about the Gwadar Port and the development projects at the China Complex. It may be added that the objective of the Saudi minister’s visit is to finalize the proposed agreements and modalities to implement and enhance the cooperation between the two states in the fields of oil refining, petrochemical, mining and renewable energy in Pakistan.

 

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Economy

Pakistan seeks greater partnership with WB: PM

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ISLAMABAD:  Imran Khan has told WB that Pakistan looked forward to greater partnership with World Bank (WB) in critical areas including eco-tourism, mountain, and religious tourism.

Talking to a delegation of World Bank headed by Vice President South Asia Hartwig Schafer in Islamabad today Imran Khan said that these sectors which have a huge potential towards the uplift of the poor and poverty alleviation. He highlighted various steps being taken by the government towards economic stability, poverty alleviation and improving ease of doing business in the country. The delegation comprised of Vice President Human Development Annete Dixon, Country Director Illangovan Patchamuthu, Operations Manager Melinda Good and Senior Country Manager IFC Nadeem Siddiqui. Special Assistant of Prime Minister on Political Affairs Naeem-ul-Haq, Secretary Finance Arif Ahmed Khan and others were also present in the meeting.

The delegation appreciated Prime Minister’s vision on the economic stability of the country, human development and addressing the issue of stunted growth due to malnutrition. It briefed the Prime Minister about various ongoing projects of the World Bank in various sectors including water supply, sewerage and waste management, transportation and connectivity, capacity building and ease of doing business in the country.  It also offered WB’s assistance in attracting foreign investments, analytics, sharing of expertise and technical knowledge in various sectors to help the Government translate its vision into reality. Welcoming the offer, the Prime Minister appreciated World Bank’s continued engagement with Pakistan and its support towards capacity building, infrastructure development and economic growth.

 

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Crime

District admin gets 50 Kanal state land vacated!

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1st Deputy Commissioner Peshawar Sports Fest

PESHAWAR: District administration vacated 50 Kanal state land during grand anti-encroachment operation in Mera Kachori, a suburban locality here today. 
On the directives of the Deputy Commissioner (DC) Peshawar Dr. Imran Hamid Sheikh, the Additional Deputy Commissioner (ADC) Shahid Ali Khan and Assistant Commissioner (AC), Sara Rehman directly monitored the operation and remained present on the occasion.
Town Municipal Officer (TMO) Town-IV, Waheedur Rehman, SHO Chamkani Police Station, Ahmadullah Khan, officials of Rescue 1122 and other department participated in the operation. A heavy contingent of police was deployed to avert any kind of unpleasant incident.
During the operation, the administration demolished over 70 illegal constructions and vacated 50 Kanal state lands. Meanwhile, the Deputy Commissioner (DC), Dr. Imran Hamid Sheikh has said that anti-encroachment operation would continue and similar action against encroachment mafia in other localities will also begin soon.

 

 

 

 

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Asia

Tokyo stocks open higher!

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Tokyo stocks gain on bargain-hunting

TOKYO: Stocks opened here higher today, tracking gains on Wall Street due to optimism over US-China trade talks, with investors closely eyeing the US Federal Reserve’s meeting later this week.
The Nikkei 225 index added 0.65 percent, or 139.64 points, to 21,590.49 in early trade, while the broader Topix index climbed 0.43 percent, or 6.82 points, to 1,609.45.

 

 

 

 

 

 

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