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 28,2020

May 28: Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

One of the nation's biggest manufacturers will lay off 6,770 U.S. employees this week, and another 5,520 workers are taking buyout offers to leave voluntarily in the coming wee

Air travel within the U.S. tumbled 96% by mid-April, to fewer than 100,000 people on some days. It has recovered slightly. The Transportation Security Administration said it screened 264,843 people at airports on Tuesday, a drop of 89% compared with the same Tuesday a year ago.

Boeing had said it would cut 10% of a work force that numbered about 160,000. A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months.

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets, the company said.

Boeing said additional job cuts will be made in international locations, but it did not specify numbers.

"The COVID-19 pandemic's devastating impact on the airline industry means a deep cut in the number of commercial jets and services our customers will need over the next few years, which in turn means fewer jobs on our lines and in our offices," CEO David Calhoun said Wednesday in a memo to employees.

Calhoun said the company faces the challenges of keeping employees safe and working with suppliers and airlines "to assure the traveling public that it can fly safe from infection."

Calhoun warned that Boeing will have to adjust business plans constantly because the pandemic makes it hard to predict the impact on the company's business.

Boeing's crisis began with two crashes of its 737 Max, which led regulators around the world to ground the jetliner last year. The company's problems have deepened with the coronavirus, which has cut global air traffic by up to 90% and caused airlines to postpone or cancel orders and deliveries for new planes.

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News Network
January 28,2020

Mumbai, Jan 28: Flag carrier Air India has kept one of its 423-seater jumbo planes ready in Mumbai for the evacuation of Indian citizens from Wuhan in China in the wake of the coronavirus outbreak in that country, an official source said on Tuesday.

The airline is awaiting necessary approvals from the ministries of external affairs and health to operate the special flight, the source said. The health ministry's nod is required because the operating crew has to fly in a virus outbreak territory.

"We have kept a Boeing 747-400 ready in Mumbai to operate an evacuation flight to China whenever we get a go ahead from the government," the source said.

Some 250 Indians are to be evacuated.

At a meeting of top secretaries called by the cabinet secretary on Monday, the government decided to be prepared for possible evacuation of Indian nationals in Wuhan.

Accordingly, Ministry of External Affairs will make a request to the Chinese authorities for evacuation of Indian nationals, mostly students, stuck in Wuhan city. The Ministry of Civil Aviation and Ministry of Health will make arrangements for transport and quarantine facilities respectively, an official release said on Monday.

Wuhan along 12 other cities have been completely sealed by the Chinese authorities to stop the virus from spreading. The death toll climbed to 80 with 2,744 confirmed cases.

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News Network
July 3,2020

New Delhi, Jul 3: India reported the highest ever single-day spike of 20,903 COVID-19 cases in 24 hours on Friday, said the Union Ministry of Health and Family Welfare.

With these new cases, India's coronavirus tally has risen to 6,25,544 cases of which 2,27,439 patients are active cases while 3,79,892 patients have been cured/discharged/migrated.

379 more deaths due to COVID-19 were reported in the country in the last 24 hours, taking the number of deaths due to the infection to 18,213.

As per the Health Ministry, Maharashtra -- the worst-affected state from the virus -- has a total of 1,86,626 cases including 8,178 fatalities while Tamil Nadu has 98,392 coronavirus cases in the state inclusive of 1,321 fatalities.

Delhi has reported 92,175 cases so far inclusive of 2,864 patients succumbing to the virus.

The Indian Council of Medical Research on Friday said that the total number of samples tested till July 2 is 92,97,749 of which 2,41,576 samples were tested on Thursday.

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