Author: MM Report

EU and India forge comprehensive security and defence partnership to integrate industries, strengthen strategic ties, and boost regional stability MM Report NEW DELHI: The European Union (EU) and India are finalizing major free trade and defence partnership agreements, with high-level EU officials, including European Council President António Costa, European Commission President Ursula von der Leyen, and EU foreign policy chief Kaya Kallas, visiting New Delhi to oversee negotiations. Reports indicate that the EU is pressing India to reduce tariffs on European automobiles, while India seeks assurances that its steel exports will not be affected by forthcoming EU tariffs or the…

The Board of Peace was formed to uphold the Israel-Hamas ceasefire and supervise a temporary governance framework in Gaza MM Report NEW DEHLI: India has reportedly expressed concern that US President Donald Trump could raise the Kashmir dispute at the Board of Peace as early as Monday, according to British media reports. Officials in New Delhi are said to fear that Trump may seek to expand the forum’s mandate beyond Gaza, potentially drawing India into discussions it wishes to avoid. The Board of Peace was established to maintain a ceasefire between Israel and Hamas and to oversee an interim governance…

MM Report DAVOS: Finance and Revenue Minister, Senator Muhammad Aurangzeb, met with Saudi Arabia’s Minister of Investment, Khalid Al-Falih, on the sidelines of the World Economic Forum Annual Meeting in Davos, in what officials described as a constructive dialogue aimed at deepening bilateral economic cooperation. During the meeting, both ministers reviewed progress on ongoing projects and discussed plans for future collaboration across multiple sectors. The discussions highlighted the growing economic ties between the two countries and the mutual interest in leveraging strategic opportunities for investment and development. Al-Falih reportedly expressed appreciation for Pakistan’s potential, citing its abundant natural resources, strategic…

MM Report DAVOS: Azerbaijan’s state oil company, SOCAR, has signaled that it will soon finalize an investment in Pakistan’s oil and gas sector. The announcement came after a high-level business roundtable chaired by the federal finance minister, Senator Muhammad Aurangzeb, on the sidelines of the World Economic Forum annual meeting in Davos. SOCAR is expected to complete the investment during February. The news was shared by SOCAR president Rovshan Najaf during discussions with the finance minister. He described Pakistan as a natural long-term energy partner, citing the country’s deepening market, growing energy demand, and ongoing reforms in the oil and…

MM Report DAVOS: Finance Minister Muhammad Aurangzeb met with Bill Gates on the sidelines of the World Economic Forum’s annual meeting in Davos, where discussions centered on Pakistan’s ongoing reform agenda, public health priorities, and ways to strengthen cooperation with the Gates Foundation to support sustainable development and institutional capacity building. During the meeting, Aurangzeb acknowledged the Foundation’s long-standing support to Pakistan, highlighting its pivotal role in the country’s polio eradication efforts. He praised the continued engagement of the Foundation in addressing public health challenges and in strengthening service delivery across the nation, noting that such partnerships had been crucial…

Prime Minister Sharif calls for steadfast diplomacy, urging Pakistan and regional powers to embrace dialogue and cooperation as the path to lasting peace MM Report DAVOS, SWITZERLAND: Prime Minister Shehbaz Sharif, alongside a host of world leaders, formally endorsed the Gaza Board of Peace charter at a ceremony in Davos on Thursday. The event marked a significant diplomatic moment aimed at addressing some of the world’s most persistent conflicts. The initiative, led by former US President Donald Trump, was described by organizers as a concerted effort to foster dialogue and cooperation among nations committed to global stability and the peaceful…

MM Report DAVOS, SWITZERLAND: Canadian Prime Minister Mark Carney delivered a stark warning to the world at the World Economic Forum in Davos yesterday, describing the old world order as being in the “midst of a rupture” and suggesting it was unlikely to return. Speaking to global leaders and business figures, Carney avoided naming US President Donald Trump directly, but his remarks were widely interpreted as a critique of growing unilateralism and protectionist policies on the international stage. Carney’s speech comes amid rising tensions over Trump’s threat to impose tariffs on European countries that resist his attempts to assert influence…

Prime Minister Sharif promised a bold vision of rapid national development, stronger global partnerships, and transformative growth shaping Pakistan’s future MM Report DAVOS: At the World Economic Forum in Davos on Thursday, Pakistan’s Prime Minister Shehbaz Sharif outlined an ambitious vision for his country’s economic growth, highlighting significant strides in agriculture, industry, mining, and technology, particularly Artificial Intelligence (AI) and Information Technology (IT). Speaking to a Pakistani news channel on the sidelines of the forum, Prime Minister Sharif projected a future of rapid development and increased international collaboration. He painted an optimistic picture of Pakistan’s economic recovery, noting that recent…

MM Report DAVOS: The International Monetary Fund’s Managing Director, Kristalina Georgieva, praised Pakistan’s recent reform efforts and stressed the need to sustain momentum to ensure long-term economic resilience. Her remarks came during a meeting with Prime Minister Shehbaz Sharif on the sidelines of the 56th Annual Meeting of the World Economic Forum in Davos. During the discussion, Prime Minister Sharif briefed Georgieva on Pakistan’s improving macroeconomic indicators, ongoing stabilization measures, and progress on structural reforms. PM Shehbaz highlighted the government’s commitment to fiscal discipline, enhanced revenue mobilization, and policies aimed at promoting sustainable growth, signaling a more predictable and investor-friendly…

Aurangzeb hailed the initiative as a key step in Pakistan’s broader strategy to re-engage global capital markets and lure foreign investment MM Report DAVOS: Finance Minister Muhammad Aurangzeb outlined the government’s intentions during an interview with Bloomberg at the World Economic Forum in Davos, emphasizing that international financial advisers would be appointed in the coming weeks to guide a new bond issuance. Aurangzeb described the initiative as part of a wider strategy to reconnect Pakistan with global capital markets and attract international investment. For the first time, he said, the country was also preparing to issue panda bonds, denominated in…