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Imran Khan holds meetings with UAE leaders

Agencies
November 18, 2018

Dubai, Nov 18: Update: Pakistani Prime Minister Imran Khan arrived in Abu Dhabi earlier today on a one-day visit and held meetings with the UAE leaders.

His Highness Shaikh Mohammad Bin Zayed Al Nayan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE’s Armed Forces received PM Imran upon his arrival in Abu Dhabi.

Imran is accompanied by a high-level delegation including Foreign Minister Shah Mahmood Qureshi, Finance Minister Asad Umar, Petroleum Minister Ghulam Sarwar Khan, Minister of Energy and Power Omar Ayub Khan as well as adviser to PM on Commerce Abdul Razak Dawood. Chief of Army Staff (COAS) of Pakistan General Qamar Javed Bajwa is also accompanying Prime Minister Imran.

This is Imran's second visit to the country, the first official one being on September 19.

Pakistani Prime Minister Imran Khan is coming to the UAE on Sunday, November 18, for the second time in two months.

Earlier report

A top official at Pakistan’s Ministry of Information told Gulf News that Premier Imran will be in Abu Dhabi on Sunday to meet the UAE leadership to seek the financial assistance as part of his continuous campaign to salvage his country’s economic situation.

The PM and his economic team are expected to hold meetings with the UAE leadership and officials, the Ministry official confirmed.

Pakistan’s Foreign Minister, Shah Mahmood Qureshi, has already arrived in the UAE and held a meeting with his UAE counterpart, Shaikh Abdullah Bin Zayed Al Nahyan, on the sidelines of the 9th Sir Bani Yas Forum in Abu Dhabi on Saturday.

Details of the agreements between the UAE and Pakistan are likely to be announced on Sunday.

Shaikh Abdullah has also visited Pakistan early this month as part of the ongoing talks on economic package with Pakistan, a top official told Gulf News.

Shaikh Abdullah has also visited Pakistan early this month as part of the ongoing talks on economic package with Pakistan, a top official told Gulf News.

Foreign Minister Shah Mehmood Qureshi also discussed the "financial package" with the UAE during his ongoing visit, the official said.

Pakistan is expecting a financial package from the UAE amid the economic crisis.

Economy

Last month, Qureshi had said that Pakistan had requested a Saudi Arabia-like deal from the UAE to stabilise the economy.

He said Islamabad had urged the friendly country to provide a "fiscal space" to Pakistan amid the economic crises.

He said Pakistan wanted to counter International Monetary Fund’s tough conditions through support from the friendly countries.

A high-level UAE delegation comprising senior officials of major companies, including Mubadala Petroleum, ADIA (Sovereign Wealth Fund), Etisalat, DP World, Dubai Investment Authority, property developer Emaar, Aldahra Agriculture and Abu Dhabi Fund for Development had met the Foreign Minister in October.

The Sunday visit is a follow-up of Prime Minister Imran Khan’s official visit to Abu Dhabi on September 19 and his understanding with His Highness Shaikh Mohammad Bin Zayed Al Nahyan, to forge closer economic, trade and investment relations between the two countries in all areas of common interest.

Support

In September, Saudi Arabia had agreed to provide $3 billion for one year as balance of payment support and a further one-year deferred payment facility for oil payments up to $3 billion. Economists calculated the impact of the support at $12 billion.

Imran is also scheduled to visit Malaysia on November 20 to discuss economic cooperation with Malaysian PM Mahathir Mohammad.

An IMF team is already visiting Pakistan to negotiate the programme, likely to cover a period of three years.

The Institute of International Finance (IIF) in its latest report said a potential IMF programme for Pakistan could be valued at $15 billion.

The IIF expects an agreement on a three-year IMF programme of $15 billion by end of this year. However, Finance Minister Asad Umar now believes $6-7 billion from the IMF could settle the economic crises.

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News Network
May 6,2020

A massive fire engulfed a residential tower in UAE's Sharjah last night. The building has been identified as one Abbco Tower in Al Nahda.

According to the latest inputs, Sharjah Civil Defence teams rushed to the spot and evacuated all residents. 

Firefighters managed to douse the blaze after several hours. The building in question is reportedly a 48-storey structure. Officials are yet to reveal the cause of the fire.

All residents of the building were evacuated while seven incurred minor injuries during the evacuation and were treated at local hospitals, reported the United Arab Emirates' local media.

More details are awaited as this is a developing story.

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Agencies
July 29,2020

If everything goes as Russia’s expectation, it will be world’s first country to approve a coronavirus vaccine for widespread in the second week of August despite safety and efficacy concerns, according to a report. The adenoviral vector-based vaccine developed by Russian military and government researchers is currently in phase 2 trials.

According to a report from CNN, Russian officials are hoping to get approval for the COVID-19 vaccine developed by the Moscow-based Gamaleya Institute on Agust 10 or even before that. The officials told the outlet that the vaccine will be approved for public use with frontline healthcare workers receiving it first.

“It’s a Sputnik moment,” said Kirill Dmitriev, head of Russia’s sovereign wealth fund, which is financing Russian vaccine research, referring to the successful 1957 launch of the world’s first satellite by the Soviet Union, according to CNN.

“Americans were surprised when they heard Sputnik’s beeping. It’s the same with this vaccine. Russia will have got there first,” he was quoted as saying.

However, Russia is yet to release the scientific data on its coronavirus vaccine trials, hence, questions remain about the safety and efficacy of the vaccine, said the report. The vaccine is in the second phase of testing with developers planning to launch the phase 3 trials sometime after August 3.

Earlier, Interfax reported, citing Health Minister Mikhail Murashko, that the vaccine will be widely used in parallel with phase 3 trials. He said the country plans to vaccinate medics who are at high-risk for COVID-19 next month before clinical trials are completed.

Murashko added that individuals at higher risk of getting infected with the coronavirus such as older people or those with health conditions will also be prioritised for the vaccine, although he did not estimate or reveal when that would happen. The minister added 800 people will be recruited for the phase 3 trials.

Meanwhile, health officials were more cautious considering the fact that human testing of the vaccine is incomplete, and the state registration is expected to begin after August 3, reported The Moscow Times.

On Monday, Moderna and Pfizer announced the commencement of the final phase 3 trials of their candidate vaccines against the SARS-CoV-2 virus, which has so far claimed at least 654,477 lives and infected 16,514,500 people worldwide. 

Researchers will recruit up to 30,000 volunteers in separate trials both backed by the US government. India's first indigenous coronavirus vaccine, COVAXIN, is undergoing phase 1 human clinical trials across the country. More than 150 COVID-19 vaccines are being developed all over the world with at least six candidates already in late-stage clinical trials.

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News Network
March 5,2020

New Delhi, Mar 5: A Delhi court Thursday issued fresh death warrants for execution of the four convicts in the Nirbhaya gang rape and murder case for March 20 at 5.30 am.

Additional Sessions Judge Dharmendra Rana fixed March 20 as the new date of execution after it was told by the Delhi government that the convicts have exhausted all their legal remedies.

The lawyer for the four death row convicts also told the court that there was no legal impediment for the court to proceed in fixing the date of execution.

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