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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Agencies
January 4,2020

New Delhi, Jan 4: In more troubles for the former Finance Minister and senior Congress leader P Chidambaram, the Enforcement Directorate (ED) on Friday questioned him for over six hours in its probe into the Air India aircraft deal case, first time since his release from Tihar jail almost a month ago.

A senior ED official told IANS, "We questioned Chidambaram for over six hours today in the ongoing probe into the Air India deal with Airbus."

According to financial probe agency officials, Air India had planned to buy over 111 aircraft from Airbus and Boeing during the erstwhile United Progressive Alliance (UPA) government in 2009. This is the first time the ED has questioned the senior Congress leader in the Air India deal case.

The questioning of Chidambaram came for the first time since his release from the Tihar jail where he spent 106 days in connection with the INX Media money laundering case. He was released from Tihar on December 4 last year after he was granted bail by the Supreme Court. The former finance minister is also being investigated by the ED in a separate money-laundering cases of Aircel-Maxis deal.

An ED official said the contract to buy 43 aircraft from Airbus was finalised by a panel of ministers headed by Chidambaram in 2009. According to the ED, when the proposal to buy 43 aircraft from Airbus was sent to the Cabinet Committee on Security (CCS), there was a condition that the aircraft manufacturer would have to build training facilities and MRO (Maintenance, Repair and Overhaul) centres at a cost of Rs 70,000 crore. But later, when the purchase order was placed, the clause was removed.

The name of another UPA minister, Praful Patel, had also come up in the alleged scam in a charge sheet filed by the ED against corporate lobbyist Deepak Talwar on March 30 last year. Talwar was arrested last year by the ED after he was deported from the UAE.

The ED is probing the Air India-Indian Airlines merger; purchase of 111 aircraft from Boeing and Airbus at Rs 70,000 crore; ceding profitable routes and schedules to private airlines, and opening of training institutes with foreign investment.

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News Network
April 30,2020

Riyadh, Apr 30: Saudi Arabia on Thursday recorded 1,351 new coronavirus cases in the last 24 hours, bringing the total number of infections in the country to 22,753, the Ministry of Health said in a statement.

The ministry also announced 5 more deaths and 210 new recoveries, raising the total number of fatalities and recoveries to 162 and 3,163 respectively.

Riyadh with 440 cases topped the list, followed by 392 cases in Makkah, 120 in Jeddah and 119 in Madinah.

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News Network
April 28,2020

Riyadh, Apr 28: The number of confirmed coronavirus cases in Saudi Arabia crossed the critical 20,000-mark on Tuesday with the discovery of 1,266 new cases. Eight new deaths were also recorded during the last 24 hours, bringing the virus-related death toll to 152.

Twenty-three percent of the new cases are of Saudi nationals, while 77 percent are of non-Saudi residents, Saudi Press Agency (SPA) quoted the ministry spokesman Dr. Muhammad Al-Abdel Ali as saying.

Out of the total 20,077 cases till Tuesday, 17,141 cases are active, he added. A total of 118 cases are currently critical, the spokesman said.

Out of the 1,266 new cases, 327 were reported in Makkah, 273 in Madinah, 262 in Jeddah, and 171 in Riyadh. There were 58 cases in Jubail, 35 in Dammam, 32 in Taif, 29 in Tabuk and 18 in Al-Zulfi. Additionally, nine cases were recorded in Khulais; eight in Buraidah; seven in Al-Khobar; five in Hufof; four each in Qatif and Ras Tanura; three in Adhum; two each in Al-Jafr, Al-Majaridah, Yanbu, Bisha and Diriyah; and one each in Abha, Khamis Mushayt, Baqeeq, Dhahran, Dhalum, Sabiya, Hafr Al Batin, Hail, Sakaka, Wadi Al-Dawasir and Sajr, the spokesman said.

The Kingdom saw a spike in cases when the health ministry began its field-testing efforts nearly two weeks ago, targeting suspected infection cluster areas. Since then, there has been a steady increase in daily cases.

Till Monday, around 1 million people were screened in various neighborhoods throughout the Kingdom.

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