Pakistan to welcome Russian investment for Steel Mill’s revival: FM
April 6, 2021
ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Tuesday said Pakistan would welcome if Russia made an investment for the revival of Pakistan Steels Mills (PSM) or other projects.
The PSM was set up with the technical and financial help of Russia and now its role in the revival of the entity could open up several opportunities to strengthen bilateral cooperation, Qureshi said in a video statement regarding the visit of Russian Foreign Minister Sergey Lavrov.
The PSM was closed in 2015 due to heavy financial losses.
The foreign minister said the visit of a Russian foreign minister to Pakistan after nine years reflected a “new and positive dimension” of bilateral relations.
Pakistan decides to import sugar, cotton from India
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Ag Agencies
ISLAMABAD: Hammad Azhar, in his maiden press conference as Minister for Finance, announced on Wednesday that the Economic Coordination Committee (ECC) of the cabinet had decided to import sugar and cotton from India to meet rising local demand and check the uptick in inflation.
His media briefing came after he chaired a meeting of the ECC. Azhar, who also holds the portfolio of Minister of Industries and Production, spoke at length about the reasons behind the decision to import from India, inflation, a reduction in fuel prices, and the launch of Eurobonds among other issues.
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April 1, 2021
ISLAMABAD: Federal Minister for Finance Hammad Azhar announced the resumption of trade through the Wagah border with India on Wednesday, saying that the Economic Coordination Committee (ECC) of the Cabinet allowed import of cotton, yarn, and 500,000 metric tons sugar from India, keeping in view the best interest of the country.
Conceding controlling rising inflationary pressures as a major challenge for the incumbent regime, Hammad Azhar said that the federal and provincial governments would coordinate and intervene in order to bring down prices in the country.
The minister said that the prices of sugar would come down by 15 to 20 percent as the sweetener was 20 percent cheaper in neighbouring India. He said that private sector can import 500,000 metric tonnes sugar from India. He said that the ECC also allowed import of cotton and yarn till end June 2021. He said that the government allowed import of cotton from India as big players had already importe
Sugar, cotton, yarn to come from India
Top Story
April 1, 2021
ISLAMABAD: Federal Minister for Finance Hammad Azhar announced the resumption of trade through the Wagah border with India, saying that the Economic Coordination Committee (ECC) of the Cabinet allowed import of cotton, yarn, and 500,000 metric tons sugar from India keeping in view the best interest of the country.
Conceding controlling rising inflationary pressures as a major challenge for the incumbent regime, Hammad Azhar said that the federal and provincial governments would coordinate and intervene in order to bring down prices in the country.
The minister said that the prices of sugar would come down by 15 to 20 percent as the sweetener was 20 percent cheaper in neighbouring India, Hammad Azhar said. He said that private sector can import 500,000 metric ton sugar from India. He said that the ECC also allowed import of cotton and yarn till end June 2021. He said that the government allowed import of cotton from
Pakistan to import sugar and cotton from India dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.