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PM Shehbaz to depart for Baku as Islamabad eyes LNG cargoes

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  • PM’s visit comes as Pakistan aims to get LNG from Baku.
  • Premier to hold wide-ranging talks with the Azerbaijani president.
  • PM Shehbaz’s entourage would also include relevant ministers.

Prime Minister Shehbaz Sharif, invited by President Ilham Aliyev, will travel to Azerbaijan today (Wednesday) as Islamabad aims to obtain spot liquefied natural gas (LNG) deliveries from Baku.

In a recent development, Pakistan released two tenders for spot liquefied natural gas (LNG) shipments after nearly a year, coinciding with the announcement of a monthly LNG cargo agreement with Azerbaijan.

Pakistan has encountered difficulties in procuring spot cargoes of liquefied natural gas (LNG) due to its dependence on gas for power generation and limited foreign exchange reserves, aggravated by the spike in global prices resulting from Russia’s invasion of Ukraine.

Petroleum Minister Musadik Malik, on Tuesday, announced that Azerbaijan had agreed to provide Pakistan with a monthly LNG cargo at a more affordable price. Although specific details of the supply agreement were not disclosed, Malik confirmed that a contract had been signed with Azerbaijan and that the deliveries would commence in the near future.

This situation resulted in widespread power outages. However, Asian spot LNG prices have significantly declined this year, dropping from the record highs of $70/mmBtu in August to below $10.

Meanwhile, the prime minister’s entourage would also include ministers representing the priority areas of cooperation with Azerbaijan.

During his visit, the premier will hold wide-ranging talks with the Azerbaijani president on key areas of cooperation, including trade, investment, and energy.

Meanwhile, regional and global issues of mutual concern and cooperation in multilateral forums will also be discussed.

“Pakistan-Azerbaijan relationship is embedded in commonalities of faith, culture and history, and strengthened by mutual trust and convergence of views on regional and global matters,” the FO statement read.

The minister added that the frequent leadership-level exchanges highlight the bonds of friendship between the two countries and contribute to closer multifaceted cooperation for the mutual benefit of the people of Pakistan and Azerbaijan.

On the other hand, the Economic Coordination Committee (ECC) will meet today (Wednesday) with Finance Minister Senator Ishaq Dar to take up the issue of approval for the import of distressed LNG for the third time from an Azerbaijan firm SOCAR, based in the UK.

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No “major breakthrough” in the opposition-led JUI-F and PTI meeting

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Maulana Fazalur Rehman stated that mending rifts in relationships and getting rid of resentment in an interview with the media in Islamabad with a team from the Tehreek-e-Tahafuz-e-Ayeen-e-Pakistan that paid him a visit.

While no significant progress was made at the meeting, all sides decided to keep in touch in order to plan for the future.

“A positive message,” according to the JUI-F chief, was received with open arms by the delegation. Taking a “united” stance on national issues was the primary goal of the meeting, he said.

Democracy is losing its appeal, and Pakistan’s parliament and constitution are losing their respect. In parliament, Maulana Fazalur Rehman continued, “we should have a single voice.”

Remarking on the event, National Assembly Opposition Leader Omar Ayub thanked the JUI-F leader for ‘warmly’ receiving the group.

We had a fruitful discussion in the meeting, he declared, urging the opposition parties to work with the PTI to “protect” the constitution.

Constitutional violations and a lack of a rule of law are the claims made by Omar Ayub. According to him, there was “no reason” why the police searched the PTI’s Islamabad central secretariat office.

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In the instance of illegal recruitment, Pervaiz Elahi is granted bail.

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The earlier-reserved court ruling was delivered by LHC Judge Sultan Tanveer Ahmad on Tuesday.

LHC had filed a post-arrest bail motion, according to the former chief minister.

On October 25, 2023, Pervaiz was taken into custody by the Anti-Corruption Establishment (ACE).

From June 1 to September 18, Elahi has been arrested in a number of crimes; the most recent one was reported by the Punjab ACE on September 18.

More: Pervaiz Elahi’s condition “deteriorated” in Adiala jail; he was hurried to PIMS.

In the Punjab Assembly, Elahi illegally hired 12 people for grade 17 positions, according to information provided by an ACE representative.

In the provincial assembly, the candidates were chosen through record-altering.

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The bail petition of Parvez Elahi in the Jinnah House attack case has been rejected by the ATC.

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A bail application filed by Chaudhry Parvez Elahi, a leader of the Pakistan Tehreek e Insaf (PTI) party, in the Jinnah House attack case has been rejected by an Anti-Terrorism Court (ATC) on the grounds of prematurity.

ATC Judge Arshad Javed announced the decision during today’s hearing.

The counsel representing Parvez Elahi contended that there was a significant likelihood of his client being arrested in relation to the Jinnah House attack case. It was stated that the ex-Chief Minister had previously been held in custody on judicial remand in other cases.

The petitioner requested the court to authorise the release of Parvez Elahi on bail in the Jinnah House attack case.

Nevertheless, the prosecution argued that the bail petition did not meet the necessary legal criteria, emphasising that Parvez Elahi had not been apprehended in connection with the case.

Considering these considerations, the court rejected Parvez Elahi’s request for release, stating that it was premature since he had not been arrested in the Jinnah House attack case.

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