Daily Times
May 9, 2021
The coalition government of the Pakistan Tehreek-e-Insaf (PTI) is facing fiscal disaster as evident from Summary of Consolidated Federal and Provincial Fiscal Operations, 2020-21, released on May 6, 2021 by the Ministry of Finance, for the first nine months of the current fiscal year. It shows that 37 percent of defence spending is now funded by borrowing. This is a very serious matter but remains unnoticed. It has national security repercussions if remedial measures are not taken.
The total debt and liabilities reached 94 percent of GDP. The impact of mindless borrowing and reckless spending resulted in fiscal deficit of Rs 1.652 trillion in first nine months of the current fiscal year that is 3.6 percent of GDP. Nobody in official quarters has yet highlighted it what to speak of devising a strategy how to deal with debt servicing surged to 62 percent of total revenues (tax and non-tax) of the federal government. It should be kept in mind that Pakistan is
May 9, 2021
ISLAMABAD: In a surprise development and as a success of Prime Minister Imran Khan’s visit, the Kingdom of Saudi Arabia has committed to provide $500 million (75.50 billion) to Pakistan from the Saudi Development Fund for development of infrastructure, water resources and hydropower projects in Pakistan.
Foreign Minister Shah Mehmood Qureshi announced this in Jeddah on Saturday.
Qureshi said the Saudi Crown Prince Mohammad Bin Salman while accepting Khan’s invitation was expected to visit Pakistan after the Eid.
He said a Saudi delegation will visit Pakistan after Eid to discuss the visit of Crown Prince Muhammad bin Salman and his foreign minister to Pakistan.
May 9, 2021
ISLAMABAD: In a surprise development and as a success of Prime Minister Imran Khan’s visit, the Kingdom of Saudi Arabia has committed to provide $500 million (Rs 75.50 billion) to Pakistan from the Saudi Development Fund for development of infrastructure, water resources and hydropower projects in Pakistan.
Foreign Minister Shah Mehmood Qureshi announced this in Jeddah on Saturday.
Qureshi said the Saudi Crown Prince Mohammad Bin Salman while accepting Khan’s invitation was expected to visit Pakistan after the Eid.
He said a Saudi delegation will visit Pakistan after Eid to discuss the visit of Crown Prince Muhammad bin Salman and his foreign minister to Pakistan.
May 09, 2021
Bandar Bin Ibrahim Al-Khorayef, minister of industry and mineral resources.
RIYADH Bandar Bin Ibrahim Al-Khorayef, minister of industry and mineral resources, affirmed the depth of the Saudi-Pakistani relations at all levels, praising the current cooperation between the Kingdom of Saudi Arabia and the Islamic Republic of Pakistan, especially in the industrial and mining sectors.
In a statement to Saudi Press Agency (SPA) on the occasion of the visit of Prime Minister Imran Khan of the Islamic Republic of Pakistan to the Kingdom of Saudi Arabia, Al-Khorayef said that the existing cooperation between the Kingdom of Saudi Arabia and the Islamic Republic of Pakistan enhances the mutual interests between the two brotherly countries in various important and vital fields.
JEDDAH: Saudi Crown Prince Mohammed bin Salman and Pakistan’s Prime Minister Imran Khan have signed an agreement to establish the Saudi-Pakistani Supreme Coordination Council.
Ahead of the visit, Pakistan’s Cabinet on Tuesday approved the establishment of the council – a body created for streamlining bilateral cooperation between the two countries – to ‘remove hurdles’ to investment deals signed during the crown prince’s visit to Pakistan in February 2019.
A MoU was signed in the field of combating illicit trafficking in narcotic drugs, psychotropic substances and chemical precursors, between Saudi Arabia and Pakistan. #SPAGOVpic.twitter.com/6yr0Z3W6Eq
Representatives from both countries also signed a memorandum of understanding on illicit trafficking in narcotic drugs, psychotropic substances and chemical precursors, Saudi news agency SPA reported.