Gawadar Port offers opportunities for regional connectivity: President Ilham

President of Azerbaijan Ilham Aliyev has said Pakistan’s Gawadar Port offers a huge opportunity to connect the region.

 

Addressing the international conference titled “Along the Middle Corridor: Geopolitics, Security and Economy, in Baku, he said it is not a big deal to connect the port with our infrastructure.

 

Ilham Aliyev noted connecting the region will create new opportunities for trade and that  all countries have to establish a foundation for sincere cooperation.

 

He was appreciative of Pakistan for consistently supporting Azerbaijan in the context of Azerbaijan-Armenia relations saying  the people of his country highly values this political and moral support.

 

Terming Pakistan and Prime Minister Shehbaz Sharif as a brother and a close friend, the President of Azerbaijan said  the decision to give a five year tax exemption on import of Pakistani rice is the outcome of his two meetings with Prime Minister Shehbaz Sharif.

 

He said when we can get high quality rice from our brotherly country then why should  we procure it from somewhere else. He said this decision is also a reflection of our fraternal ties.

 

Prime Minister Shehbaz Sharif has expressed gratitude to President of Azerbaijan Ilham Aliyev for approving the tax exemption on the import of Pakistani rice for five years.

 

In a tweet on Saturday, he said our two brotherly countries will work to promote economic cooperation and connectivity through road, rail and Gwadar port.

 

Source: Radio Pakistan

ECO Trade & Development Bank to provide €150mln soft loan to Pakistan

Economic Cooperation Organization Trade and Development Bank will provide a soft term loan of 150 million Euros to Pakistan.

 

This was announced by the President of ECO Trade and Development Bank Yalcin Yuksel, during a high-level meeting with the Prime Minister Shehbaz Sharif in Istanbul today (Saturday).

 

He said the financial package will contribute to flood relief efforts as well as financial support for import of fuel. He said overall financial assistance to Pakistan since the inception of the Bank would touch approximately one billion dollars, after disbursement of this committed amount.

 

On the occasion, Prime Minster Shehbaz Sharif thanked the ECO Trade and Development Bank and appreciated the important role of the Bank in meeting development related pursuits of member countries.

 

He underlined that the provision of financial assistance by ECO Bank at a time when Pakistan faces economic and environmental challenges is highly appreciated by the government and people of Pakistan.

 

Shehbaz Sharif said ECO Bank has been an important entity in the overall institutional framework of ECO member countries and its long-standing relations with Pakistan are commendable.

 

Source: Radio Pakistan

Pakistan, Turkiye agree to enhance trade volume to $5b in next 3 years’

Prime Minister Shehbaz sharif says in addition to reviewing the whole spectrum of bilateral relations, President Erdogan and he discussed ways and means to achieve the target of increasing trade volume to 5 billion dollars in 3 years.

 

In a tweet on Saturday, he said we vowed to ensure effective implementation of Trade in Goods Agreement in this regard.

 

Source: Radio Pakistan

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Vintage Wine Estates, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – VWE

NEW YORK, Nov. 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Vintage Wine Estates, Inc. (NASDAQ: VWE) between October 13, 2021 and September 13, 2022, both dates inclusive (the “Class Period”), of the important January 13, 2023 lead plaintiff deadline. SO WHAT: […]