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Saudi Gifts Noted Down FM arrives in Iraq Austin calls Jens F.P. Report BAGHDAD (APP): Foreign Min- ister Qureshi on Friday arrived in WASHINGTON: Secretary of the capital of Iraq, where he will Defense Austin spoke by phone hold detailed discussions with the with NATO Secretary General leadership on bilateral cooperation Jens Stoltenberg ahead of the June and on unity of Muslim Ummah. 1 virtual NATO Defense Ministe- He was received at Baghdad rial, on Friday. Austin expressed International Airport by Iraq's his support for NATO 2030 initia- Deputy Foreign Minister Dr. Saleh tive, which aims to keep the Al-Tamimi. Alliance strong militarily. @thefrontierpost First national English daily published from Peshawar, Islamabad, Lahore, Quetta, Karachi and Washington D.C www.thefrontierpost.com Vol. XXXVIII No. 136 Regd. No. 241 SHAWWAL 17 1442 -- SATURDAY, MAY 29 2021 PESHAWAR EDITION 12 PAGES Price. 20 China to Saudi gifts increase the SBP’s keeps policy rate at 7% Sher Afzal Policy Statement issued by was estimated to have delivered through a reallo- provided through one of the “carrot” size the State Bank, the latest grown 2.8 percent, with the cation of spending that largest interest rate cuts in Jalil Afridi KARACHI: The SBP’s National Income Accounts production of three impor- focused on the most vulner- the world, time-bound liq- noted down Monetary Policy Commit- data confirm that the econ- tant crops wheat, rice and able, including through the uidity relief to solvent bor- WASHINGTON DC: Acc- tee (MPC) decided to main- omy has rebounded strong- maize, rising to record Ehsaas program. rowers in the form of prin- Jalil Afridi were handed over to ording to a source based in tain the policy rate at 7 per- ly from last year’s severe highs and that of sugar cane This was enabled by the cipal deferment and loan Ministry of Foreign Affairs China, it has been learnt cent owing to broad based Covid-shock, led by servic- to its second-highest ever buffers that had been built restructuring, as well as WASHINGTON DC: Mr Protocol Officer, Mr Umair that China has discretely economic rebound and es and industry. level. Buoyed by the strong up in the economic stabi- new and temporary refi- Khalid Majid, Council who loaded them in the told Pakistan that it will expected positive momen- The industrial sector was performance in commodi- lization phase prior to the nance facilities to prevent General of Pakistan in prime ministers’s aircraft. increase the size of its car- tum towards higher growth. estimated to have grown ty-producing sectors, serv- Covid pandemic, notably layoffs (Rozgar scheme), Saudi Arabia through his The remaining 25 pieces rot meaning it’s investment The MPC, met here 3.6 percent during FY21, ices are estimated to have the primary surplus support health facilities, letter number CG-1/2021 were handed to DCP (V-11) in Pakistan in days to come. Friday to finalize monitory driven by construction and rebounded from last year’s achieved through the first and promote investment dated 26th May has to the Ministry of Foreign China, which stopped policy for next two months large-scale manufacturing, contraction to register nine months of FY20. As a (TERF). informed the Foreign Affairs. spending money left and June-July 2021, noted that especially the food, cement, growth of 4.4 percent, led result, the fiscal deficit in The committee noted Office about details of gifts Similarly, Secretary right in Pakistan, due to further upward revision in textile and automobile sec- by wholesale and retail FY20 was contained and that, unlike several previ- presented by Saudi officials General of the OIC and reported corruption both in the FY21 growth forecast tors. The strong rebound is trade. Pakistan witnessed one of ous growth upturns in to the Pakistani Prime Imame Kaaba had present- China and Pakistan has to 3.94 percent confirms also reflected in exception- The MPC noted that the the smallest increases in Pakistan, the current eco- Minister Imran Khan and ed some gifts which were now again decided to boost the strength of the broad- ally strong growth recorded current economic recovery public debt across the nomic recovery has been members of his delegation. handed over to the official the morale of Pakistan in based economic rebound in multiple high-frequency has been supported by world after the Covid- achieved without compro- According to details the of Foreign Office. the existing international underway since the start of indicators across all three proactive and well-calibrat- shock, supporting market mising external stability. At Saudi Crown Prince on 8th Maulana Ashrafi, who is scenario by offering large the fiscal year, on the back quarters of the year, includ- ed policies of the sentiment and the invest- $0.8 billion, the current May at Ritz Carlton hotel Special Assistant to the investments and loans. of targeted fiscal measures ing sales of fast-moving Government and SBP since ment outlook. account has remained in had presented a “hand carry Prime Minister was also China in exchange for and aggressive monetary consumer goods and POL the Covid-shock. Given On the monetary side, surplus through the first ten bag containing seven pack- part of the delegation, made this increased investment stimulus. products. high public debt, targeted aggressive stimulus of 5 ets for Begum Sahiba” himself part of this letter has asked Pakistan to take a According to Monitory The agriculture sector fiscal support was mainly percent of FY20 GDP was Continued on back page which were handed over on because he had opened one bold stand with regard to its spot to Wing Commander box of Zam Zam water and policies with the United Khurram Javaid ADC to shared it with the delega- States. 5m$ worth the Prime Minister. tion. Foreign Minister of Lukashenka, Putin meet amid of vaccine Governor Madinah on According to the letter Pakistan, Shah Mahmood the same day at Hilton lots of Zam Zam water was Qureshi’s recent statement purchase Hotel presented 37 gift left behind due to excessive that Pakistan will not give outrage over diversion of plane draft prepared pieces along with ten boxes baggage and is in the cus- any new bases to the Jalil Afridi of Zam Zam water. Out of tody of the Council United States was not able SOCHI Belarusian authori- 15 years in prison. His Western sanctions over a EU foreign policy chief these 37 gifts, 12 pieces General. to satisfy China. tarian ruler Alyaksandr lawyer, Inessa Alenskaya, brutal crackdown on mass Josep Borrell warned on WASHINGTON DC: Pakistan on the other Lukashenka has arrived in said she met with him for protests that followed his May 28 that there was a Pakistani Embassy in hand is still weighing its the Russian Black Sea the first time on May 27. disputed reelection to a risk of an escalation after Beijing, China has pre- options in how to deal with resort of Sochi where he is "All is well. He is in sixth term in August 2020. Moscow denied access to pared a draft to purchase PM launches both China and the United set to meet with Russian good spirits, positive, and Kremlin spokesman two European carriers that five million dollars worth States, especially keeping President Vladimir Putin as cheerful," Alenskaya said. Dmitry Peskov said he skirted Belarus en route to of Corona vaccine, from in view the US withdrawal EU foreign ministers But she said she was unable believed Lukashenka Moscow. "It was a big dis- Sinovac Life Sciences Co from Afghanistan. So far debate possible targets for to say where he is or pro- would brief Putin on the turbance for air traffic, but Ltd at 11$ per unit price. Rashakai Pakistan has decided to new economic sanctions vide other details. Ryanair plane incident, we still don't know if these This draft will be signed wait till the last moment to against Minsk in response The EU is discussing adding that “the issue of a are specific cases or if it is by Defence Attache Procu- see how things turn around to its diversion of a com- possible economic sanc- Russian national who was a general move by the rement, Brigadier Rana economic zone in Afghanistan. mercial plane and the arrest tions against Belarus in taken into custody and who Russian authorities," the Faisal Rafiq, representing of a journalist on board. response to the diversion of is in a pretrial detention European Union official the President of Pakistan F.P. Report ment had to pass through a The May 28 meeting the plane, with several for- center is likely to be told reporters in Lisbon. and Mr Qiang Gao, Gene- difficult time for one and a Sullivan was scheduled before Luk- eign ministers meeting in raised," according to TASS. Air France said it had ral Manager of Sinovac NOWSHERA: Prime half years; however now ashenka sparked interna- Lisbon saying they should Peskov stressed, howev- canceled another flight Life Sciences Co Ltd. Minister Imran Khan says the difficult time is over. He meets tional outrage by dispatch- target sectors that most er, that the meeting would from Paris to Moscow on Despite rumors that mil- the government is taking all said the government is tak- ing a fighter jet to intercept benefit the Belarusian lead- mainly focus on the eco- May 28 after Russia reject- lions of dollars worth cor- out steps to incentivize ing steps to ensure the eco- Jaishankar a Ryanair commercial ership, such as the oil and nomic agenda. Putin has ed a flight plan that would ruption has been done in investors for promotion of nomic stability sustainable.
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