Aztiq and Innobic Announce Pricing of Secondary Sale of Lotus Common Stock by AEMH

July 3, 2023

LONDON and BANGKOK, Thailand, July 03, 2023 (GLOBE NEWSWIRE) — Aztiq Pharma Partners (“Aztiq”), a private equity company focused on the life sciences sector, and Innobic (Asia) Company Limited (“Innobic”), the life science arm of Thai oil and gas conglomerate PTT Public Company Limited (“PTT”) (collectively, “the shareholders”), today announced the pricing of a sale […]

President Alvi holds good meetings with Bangladesh’s President in KSA

July 3, 2023

ISLAMABAD:President Dr. Arif Alvi has said that he held good meetings with the President of Bangladesh Shahabuddin in Makkah, Mina and Madina.In a tweet on Monday, the President also shared the picture of his childhood friend Salman Rehman who is now m…

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ISLAMABAD:Prime Minister Shehbaz Sharif has said that the three billion dollars standby agreement reached with the International Monetary Fund (IMF) is a breathing space, stressing for converting it into an opportunity through vision, unity and strategy to achieve sustainable development. Chairing a meeting of the federal cabinet here in Islamabad on Monday, he said the country will receive the first tranche of 1.1 billion dollars this month. He was especially appreciative of the efforts put in Finance Minister and his economic team as well as Foreign Minister Bilawal Bhutto Zardari to reach the nine-month agreement with the IMF. The Prime Minister was however of the view that the agreement with the IMF should not be taken as a matter of pride but a matter of concern. Stressing for collective efforts, he said we will have to give a future roadmap and policy guidelines so that this IMF deal proves to be the last one for Pakistan. The Prime Minister recalled that ahead of the deal with the IMF, China provided roll overs of five billion dollars to Pakistan. He said China has always helped Pakistan in difficult times and our nation will not forget this latest support from the Chinese friends. He also thanked Saudi Arabia and the United Arab Emirates for committing two billion dollars and one billion dollars respectively. He said the Chief of Army Staff General Asim Munir played a crucial role in securing financial assistance from the two Gulf countries. He said that during his visit to France, Islamic Development Bank also committed one billion dollars. The Prime Minister expressed serious concerns over the state of affairs of State Owned Enterprises saying they are eating up six hundred billion rupees. He said we will have to take the decisions to put the country in the right direction. The Prime Minister said Pakistan was faced with dire economic situation over the last fourteen to fifteen months. He however said we will make strenuous efforts to improve the economy. The Prime Minister strongly condemned the recent despicable incident of desecration of holy Quran in Sweden. He demanded immediate action against the culprits. He said it is not the first incident of its kind rather in the past also such horrific acts have taken place. He said the Swedish government should take notice of these Islamophobic acts. Shehbaz Sharif expressed satisfaction over the emergency session of the OIC (Organization of Islamic Cooperation) on the latest act of desecration in Sweden. He said the OIC in its statement has not only demanded action against the perpetrators but also demanded necessary action to avert such spiteful incidents in future. He said Pakistan fully endorses the OIC’s stance and hoped needful will be done so that such acts do not recur.

July 3, 2023

ISLAMABAD:Pakistan Muslim League-Nawaz (PML-N) leader Senator Irfan Siddiqui has said that fifty three thousand nine hundred and thirty six prisoners awaiting decisions in their cases are languishing in Punjab’s jails.In a tweet on Monday, he said thes…

The post ISLAMABAD:Prime Minister Shehbaz Sharif has said that the three billion dollars standby agreement reached with the International Monetary Fund (IMF) is a breathing space, stressing for converting it into an opportunity through vision, unity and strategy to achieve sustainable development. Chairing a meeting of the federal cabinet here in Islamabad on Monday, he said the country will receive the first tranche of 1.1 billion dollars this month.

He was especially appreciative of the efforts put in Finance Minister and his economic team as well as Foreign Minister Bilawal Bhutto Zardari to reach the nine-month agreement with the IMF. The Prime Minister was however of the view that the agreement with the IMF should not be taken as a matter of pride but a matter of concern. Stressing for collective efforts, he said we will have to give a future roadmap and policy guidelines so that this IMF deal proves to be the last one for Pakistan. The Prime Minister recalled that ahead of the deal with the IMF, China provided roll overs of five billion dollars to Pakistan. He said China has always helped Pakistan in difficult times and our nation will not forget this latest support from the Chinese friends.

He also thanked Saudi Arabia and the United Arab Emirates for committing two billion dollars and one billion dollars respectively. He said the Chief of Army Staff General Asim Munir played a crucial role in securing financial assistance from the two Gulf countries. He said that during his visit to France, Islamic Development Bank also committed one billion dollars. The Prime Minister expressed serious concerns over the state of affairs of State Owned Enterprises saying they are eating up six hundred billion rupees. He said we will have to take the decisions to put the country in the right direction.

The Prime Minister said Pakistan was faced with dire economic situation over the last fourteen to fifteen months. He however said we will make strenuous efforts to improve the economy. The Prime Minister strongly condemned the recent despicable incident of desecration of holy Quran in Sweden. He demanded immediate action against the culprits. He said it is not the first incident of its kind rather in the past also such horrific acts have taken place. He said the Swedish government should take notice of these Islamophobic acts.

Shehbaz Sharif expressed satisfaction over the emergency session of the OIC (Organization of Islamic Cooperation) on the latest act of desecration in Sweden. He said the OIC in its statement has not only demanded action against the perpetrators but also demanded necessary action to avert such spiteful incidents in future. He said Pakistan fully endorses the OIC’s stance and hoped needful will be done so that such acts do not recur. appeared first on PPI News Agency.

PM terms $3bn standby agreement reached with IMF ‘breathing space’

July 3, 2023

ISLAMABAD:Prime Minister Shehbaz Sharif has said that the three billion dollars standby agreement reached with the International Monetary Fund (IMF) is a breathing space, stressing for converting it into an opportunity through vision, unity and strateg…

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CPI inflation in June remained 29.4% compared to 38% in May: Finance Minister

July 3, 2023

ISLAMABAD:Finance Minister Ishaq Dar has said that Consumer Price Index (CPI) inflation in the month of June 2023 remained 29.4 percent as compared to thirty-eight percent last month.In a tweet on Monday, he said that Pakistan Stock Market added 2,334 …

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PM expresses grief over martyrdom of six security personnel in Balochistan

July 3, 2023

ISLAMABAD:Prime Minister Muhammad Shehbaz Sharif has said that our national resolve is unwavering against all such efforts that want to disrupt peace in Balochistan. In a tweet on Monday, he said peace and development in Balochistan are our priority. T…

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Greece boat disaster: FIA decides to try traffickers under Anti-Money Laundering Act

July 3, 2023

ISLAMABAD:Federal Investigation Agency (FIA) has decided to try suspected human traffickers involved in the Greek boat tragedy under the Anti-Money Laundering Act. As per the FIA official, the agency has decided not only to freeze the bank accounts of …

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