Pak gives nod to Saudi Arabia for establishing oil refinery in port city of Gwadar

Agencies
October 5, 2018

Islamabad, Oct 5: Pakistan's federal cabinet on Thursday gave its approval to Saudi Arabiafor establishing an oil refinery in the port city of Gwadar.

"The cabinet has approved the draft of memorandum of understanding (MoU) Pakistan and Saudi Arabiaexpected to sign soon for the establishment of refinery," The Express Tribune quoted Petroleum Minister Ghulam Sarwar Khan as saying while addressing a presser.

"China has no reservations over Saudi investment in Pakistan," Khan added.

This marks the first major investment made in Pakistan by Saudi during the tenure of the PakistanTehreek-e-Insaf government.

The Petroleum Minister said that a Saudi delegation, headed by the Advisor on Energy Ahmad Hamed Al-Ghamdi, had recently agreed to sign a government to government contract for the refinery in Gwadarfollowing an inspection of the proposed site.

The city was found to be viable in every aspect by the delegation, who relayed their eagerness to immediately invest in the country's refinery sector, Khan added.

"The Saudi energy minister is expected to arrive in Pakistan by the end of this month or the beginning of November to formally sign the contract," the Petroleum Minister said, adding that the Saudi has also showed interest in investing in other projects, including China-Pakistan Economic Corridor (CPEC) projects.

"Currently, Pakistan needs three to four more oil refineries and we will welcome Saudis, Chinese, UAE, Russian or any other country to invest in the establishment of refineries. Pakistan will provide better investment environment to investors," Khan said. 

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News Network
July 5,2020

Washington, Jul 5: US President Donald Trump on Saturday thanked Prime Minister Narendra Modi for his wishes on America's 244th Independence Day.

On Saturday, PM Modi tweeted: "I congratulate @POTUS @realDonaldTrump and the people of the USA on the 244th Independence Day of the USA. As the world's largest democracies, we cherish freedom and human enterprise that this day celebrates. @WhiteHouse"

While replying to PM Modi's wishes, Mr Trump tweeted: "Thank you my friend. America loves India!"

The US President also attended the July 4 American Independence Day celebrations in South Dakota.

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April 5,2020

Washington, Apr 5: US President Donald Trump on Saturday said that he has requested Prime Minister Narendra Modi to supply Hydroxychloroquine tablets that can be used to treat COVID-19 patients.

"After call today with Indian Prime Minister Narendra Modi, India is giving serious consideration to releasing the hold it put on a US order for hydroxychloroquine," Trump announced at the White House Coronavirus task force briefing that he requested PM Narendra Modi for more Hydroxychloroquine tablets.

President Trump did not shy away from saying he too will take a tablet of hydroxychloroquine after announcing that he has requested Prime Minister during his telephonic conversation earlier today to lift a hold on the US order of the medicine.

"I may take it too, will have to talk to my doctors," he added.

"India makes a lot of it. They need a lot too for their billion-plus people. 

The hydroxychloroquine, the anti-malaria drug will be released through the Strategic National Stockpile for treatment," he said.

"I said I would appreciate if they would release the amounts that we ordered" of hydroxychloroquine, he said.

The Indian government has put on hold the export of anti-malarial drug hydroxychloroquine and its formulations.

Prime Minister Narendra Modi said on Twitter, "Had an extensive telephone conversation with President @realDonaldTrump. 

We had a good discussion, and agreed to deploy the full strength of the India-US partnership to fight COVID-19."

Prime Minister conveyed deep condolences for the loss of lives in the United States and his prayers for the early recovery of those still suffering from the disease.

As on Sunday, the United States has at least 301,902 cases of coronavirus according to Johns Hopkins University's tally. 

At least 8,175 people have died in the US from coronavirus.

There was a steep rise in the number of cases in the last 24 hours. At least 23,949 new cases were reported, and at least 1,023 new deaths in the US have been reported in the last 24 hours.

US Secretary of State Michael Pompeo had discussions with External Affairs Minister S Jaishankar about the importance of continued close cooperation between the United States and India to combat coronavirus by strengthening global pharmaceutical supply chains.

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News Network
June 27,2020

LGeneva, Jun 27:: The number of confirmed coronavirus cases worldwide has risen by over 177,000 in the past 24 hours to 9.4 million and the death toll has topped 480,000, the World Health Organisation (WHO) said on Friday (local time).

On Thursday, the WHO reported 167,056 new cases and 5,336 related deaths.

The fresh daily situation report estimates the number of infections confirmed in the past 24 hours at 177,012. Further, 5,116 virus-related deaths were reported over the same period, taking the toll to 484,249.

The Americas lead the count with over 4.7 million cases, followed by Europe with more than 2.6 million.

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