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Xi Jinping says will support Pakistan in stabilising its financial situation

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  • China, Pakistan should effectively move forward with CPEC’s construction: President Xi. 
  • Says both countries should accelerate Gwadar Sea Port’s construction. 
  • PM Shehbaz, President Xi exchange views on regional, global developments.

BEIJING: China will continue to support Pakistan in stabilising its financial situation, state media quoted China’s President Xi Jinping as saying on Wednesday.

China and Pakistan should move forward more effectively with the construction of their economic corridor, as well as accelerate the construction of infrastructure for the Gwadar Sea Port, state media reported.

The statement was reported by Reuters after Prime Minister Shehbaz Sharif held a meeting with China’s President Xi Jinping which focused on increasing multilateral cooperation between both countries especially the China-Pakistan Economic Corridor (CPEC).

PM Shehbaz is on a two-day official visit with a high-level delegation at the invitation of Premier Li Keqiang. The meeting was primarily aimed at revitalising the CPEC project.

The meeting took place at China’s Great Hall of the People during which the two leaders discussed the broad-based cooperation in economy and investment.

As per the Pakistani government statement, both leaders exchanged views on regional and global developments. They also held discussions to further strengthen the strategic partnership between both countries. 

PM holds delegation level talks with Premier Li

After his meeting with President Xi, Prime Minister Shehbaz Sharif held delegation level talks with Premier Li Kiqiang.  

Information Minister Marriyum Aurangzeb said that talks “deliberated upon CPEC extension to harness multiplier effects in terms of future socio-economic development and geopolitical stability”. 

Before the talks, PM Shehbaz was also given a guard of honour at the Great Hall of the People. 

Chinese companies accept PM’s invitation to invest clean water project 

The Chinese companies have accepted PM Shehbaz’s invitation to invest in several projects including providing clean water in Karachi.

The companies have shown keen interest in investment and joint ventures in Pakistan. The PM has also invited leading companies of China to visit Pakistan.

The premier has also offered the companies to jointly work on 10,000MW solar power project. He also urged to speed up the work on Gwadar Airport and complete it this year, to which the Chinese company assured the construction to be completed by the start of next year.

Speaking to the delegation of the companies, the prime minister apologised and said that he is aware of the issues in the past. He said that he solved the issues of faced by the companies after assuming office and paid Rs160 billion owed to the companies while Rs50 billion have been paid yesterday and the established a revolving fund of Rs50 billion.

PM Shehbaz said that the Sindh government is ready to work with the companies to solve the water supply issue in Karachi.

Second phase of CPEC to usher new era of development 

Before departing for Beijing on November 1, the premier said that he was “honoured to be among the first few leaders to have been invited after the historic 20th National Congress of the CPC”.

He said that the second phase of CPEC is expected to usher in a new era of socioeconomic development that will improve the standard of living for our people.

The premier also said that there is a lot to learn from the Chinese economic miracle.

“At a time when the world is grappling with multiple challenges, Pakistan and China stand together as friends and partners,” he said.

A day before the visit, China warmly welcomed the PM’s visit and said it looked forward to further advancing high-level strategic cooperation between the two countries and bringing more fruitful outcomes from Sino-Pak friendship to the benefit of the two people.

Chinese Foreign Ministry Spokesperson, Zhao Lijian, said that no matter how the international or domestic situations had evolved, the China-Pakistan friendship had been carried on from generation to generation.

“Our two countries have always supported each other on issues concerning respective major interests and have stood together and helped each other in the face of major natural disasters,” he added.

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Punjabi bakers decide to charge Rs. 15 for “roti.”

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The bread, known as roti, will be sold for Rs 15 by the bakers association.

During their discussion, the association promised Food Minister Bilal Yasin that the rate of roti will be reduced.

The minister was there when Association President Aftab Gul recorded a video message committing to sell rotis for Rs15 each.

According to him, the administration decided to lower the rate of flour. He continued, saying that the group was supporting the government hand in hand to stop inflation.

The price of flour has been drastically lowered, according to Food Minister Bilal, to help the populace. He stated, “the government aimed at providing quality and affordable bread to the masses.”

He said that the recent reduction of Rs 1,200 in the price of flour was the biggest drop in the commodity’s prices in the nation’s history.

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Day four of the AJK inflation protest begins as talks come to a standstill.

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Following the collapse of talks between the Awami Action Committee and the AJK government on Sunday, the shutdown strike and protests in Azad Kashmir over rising flour and energy costs started their fourth day on Monday.

The ongoing shutdown and wheeljam strike would continue until their demands are fulfilled, according to the Awami Action Committee.

AAC-led march on state capital Muzaffarabad today has brought the valley to a near stop. The caravans are coming from many AJK cities, and they are headed towards Rawalakot. The march is being caused by the impasse in the negotiations.

Reportedly, the demonstrators have blocked the 40-kilometer Kohala–Muzaffarabad Road, which connects Kohala Town and Muzaffarabad, multiple times.

Traffic on main thoroughfares and roads has decreased, and large police contingents have been stationed at strategic points and roundabouts.

After fighting broke out between the police and demonstrators in Mirpur on Saturday, which left one policeman dead and numerous others injured, the AJK government dispatched Rangers.

Everything is completely suspended, including internet and cellular services, business, and education.

Under the pretext of talks, Awami Action Committee leader Sardar Umar Nazir Kashmiri has charged that the administration is using deceptive methods.

Apart from the flour subsidy, he continues, the administration will not budge on any other demand.

CONVENE MEETINGS, PRESIDENT, PM

All parties involved have been asked by Prime Minister Shehbaz Sharif and President Zardari to use moderation and engage in discussions to find a solution. According to both, the demonstrators in Azad Kashmir should have their legitimate demands met.

The issue in AJK will be the topic of a significant meeting that Prime Minister Shehbaz Sharif is calling today, Monday.

The skirmishes between the demonstrators and the AJK police caused anxiety for the premier on Sunday.

Speaking with Chaudhry Anwarul Haq, the prime minister of AJK, he said he also gave the office-bearers of the All-Pakistan Muslim League-Nawaz in AJK instructions to speak with the leaders of the Awami Action Committee.

Olive Branch is offered by AJK PM.

Prime Minister of Jammu and Kashmir Chaudhry Anwarul Haq stated on Sunday that his administration was ready to lessen the burden of exorbitant grain and energy costs.

Regarding Saturday’s meetings with the demonstrators, Prime Minister Haq declared, “We are determined to implement the agreement we have reached with the Awami Action Committee.”

Politicians, according to Haq, have found solutions to issues through discussion and “we are ready to talk with the Awami Action Committee at any level and the demands related to the government of Pakistan will be raised before the federation.”

In order to ease the burden of rising flour and power prices, he also expressed a willingness to modify the development budget if needed.

The AJK prime minister stated that his government’s first priority was ensuring public safety, and he further stated that no force was applied to the demonstrators.

Sub-inspector Adnan Qureshi was killed in a confrontation with demonstrators in Mirpur, and hundreds of people attended his funeral on Monday.

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Today’s National Assembly session is scheduled.

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The National Assembly (NA) will meet today (Monday) at the invitation of President Asif Ali Zardari.

At 4:00 p.m., the National Assembly will convene in the federal capital at Parliament House. The meeting’s agenda has been released by the assembly secretariat.

As per Article 54(1) of the Constitution of the Islamic Republic of Pakistan, the President has the authority to call a session of the National Assembly.

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