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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
March 19,2020

Rome, Mar 19: Italy on Wednesday reported 475 new deaths from the novel coronavirus, the highest one-day official toll of any nation since the first case was detected in China late last year.

The total number of deaths in Italy has reached 2,978, more than half of all the cases recorded outside China, while the number of infections stood at 35,713.

The previous record high of 368 deaths was also recorded in Italy, on Sunday. The nation of 60 million has now recorded 34.2 percent of all the deaths officially attributed to COVID-19 across the world.

With the death rate still climbing despite the Mediterranean country entering a second week under an effective lockdown, officials urged Italians to have faith and to stay strong.

"They main thing is, do not give up," Italian National Institute of Health chief Silvio Brusaferro said in a nationally televised press conference.

"It will take a few days before we see the benefits" of containment measures, said Brusaferro. "We must maintain these measures to see their effect, and above all to protect the most vulnerable."

Imposed nationally on March 12, the shutdown of most Italian businesses and a ban on public gatherings are due to expire on March 25.

But school closures and other measures, such as a ban fan attendance at sporting events, are due to run on until April 3.

A top government minister hinted Wednesday that the school closure would be extended well into next month, if not longer.

The rates within Italy itself remained stable, with two-thirds of the deaths -- 1,959 in all -- reported in the northern Lombardy region around Milan, the Italian financial and fashion capital.

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News Network
June 11,2020

New Delhi, Jun 11: Petrol and diesel prices on Thursday were hiked by 60 paise per litre each - the fifth straight daily increase in rates since oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a litre from Rs 71.62, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fifth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In five hikes, petrol price has gone up by Rs 2.74 per litre and diesel by Rs 2.83.

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Agencies
January 4,2020

Stockholm, Jan 4: “I’m not the kind of person who celebrates birthdays,” Greta Thunberg said as she turned 17 on Friday, marking the occasion in inimitable style - with a seven-hour hour protest outside the Swedish parliament.

The climate activist braved winter conditions in her native Stockholm to continue the weekly Friday School Strike for the Climate campaign that helped catapult her to international fame.

“I stand here striking from 8am until 3pm as usual ... then I’ll go home,” Thunberg, Time magazine’s Person of the Year for 2019, told Reuters.

“I won’t have a birthday cake but we’ll have a dinner.”

It’s been a busy 12 months for Thunberg, who crisscrossed the globe by car, train and boat - but not plane - to demand action on climate change.

“It has been a strange and busy year, but also a great one because I have found something I want to do with my life and what I am doing is having an impact,” she said.

When she was 15, Thunberg began skipping school on Fridays to demonstrate outside the Swedish parliament to push her government to curb carbon emissions. Her campaign gave rise to a grassroots movement that has gone global, inspiring millions of people to take action.

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