Tag: Turkish President Erdogan

  • Saudi Arabia enters talks with Tesla for potential manufacturing facility in kingdom

    Saudi Arabia enters talks with Tesla for potential manufacturing facility in kingdom

    Saudi Arabia is engaged in preliminary discussions with the American electric vehicle manufacturer, Tesla, regarding the establishment of a manufacturing facility within the kingdom, as reported by The Wall Street Journal

    This development coincides with Turkish President Recep Tayyip Erdogan’s request to Tesla CEO Elon Musk to consider the construction of a vehicle production plant in Turkey. Furthermore, Elon Musk is scheduled to meet with Israeli Prime Minister Benjamin Netanyahu in California today.

    To incentivize Tesla, Saudi Arabia has been offering the company access to essential metals and minerals required for electric vehicle production, procured from various nations, including the Democratic Republic of the Congo. 

    This effort aligns with Saudi Arabia’s broader strategy to diversify its economy away from its dependence on oil. Notably, the kingdom’s sovereign wealth fund holds a majority stake in Lucid Group, an electric vehicle startup aiming to challenge Tesla’s market dominance.

    One proposal being explored by Saudi Arabia involves extending financial support to Trafigura, a prominent commodities trading company, for a struggling cobalt and copper project in the Congo. 

    This project could potentially serve as a source of crucial supplies for a prospective Tesla factory. Both Tesla and Trafigura have not yet provided responses to Reuters’ inquiries, while Saudi Arabia’s sovereign fund, the Public Investment Fund, has declined to comment.

    Elon Musk previously mentioned in May that Tesla was likely to select a location for a new factory by the end of the year. Presently, Tesla operates six factories worldwide and is in the process of constructing a seventh in Mexico as part of its ambitious global expansion strategy. 

    The company’s goal is to achieve annual vehicle sales of 20 million units by 2030, a significant increase from the approximately 1.3 million vehicles sold in 2022.

  • Shehbaz Sharif – the 23rd Prime Minister of Pakistan

    Shehbaz Sharif – the 23rd Prime Minister of Pakistan

    The Joint Opposition’s candidate Shehbaz Sharif was elected as the 23rd Prime Minister of Pakistan, after the former Prime Minister Imran Khan was voted out of office through a no-confidence motion on Saturday, April 9.

    Shehbaz bagged a total of 174 votes as opposed to PTI’s candidate Shah Mahmood Qureshi. Qureshi received no votes after his party decided to boycott the polling process.

    Pakistan Muslim League-Nawaz’s (PML-N) Ayaz Sadiq presided over the session after Deputy Speaker Qasim Suri said his conscience did not allow him to conduct the session.

    Born in Lahore in 1950, Shehbaz is the younger brother of PML-N supremo Nawaz Sharif. Shehbaz has served three times as Punjab’s chief minister.

    Taking the floor, the newly-elected prime minister Shehbaz Sharif said that it was for the first time in the history of Pakistan that a prime minister was ousted through the no-confidence motion.

    April 11 historic day

    Terming April 11 a “historic day”, he mentioned that the happiness of the people can be seen through the economic indicators. Shehbaz mentioned that the rupee regained its value — which was trading at Rs190 per dollar and closed at Rs182 per dollar today.

    ‘Will probe threat letter’

    The newly-elected prime minister said the Opposition was discussing the no-confidence motion days before Imran Khan’s “concocted threat letter controversy”.

    “They say that this letter came to them on March 7, but our decisions were made way before that, so, if [what the previous government claimed] is a lie, then the matter should be disclosed transparently before the public,” he said.

    PM Shehbaz Sharif announced that the parliament’s security committee would be given a briefing on the “threat letter” to the members of the committee in presence of the armed forces personnel and bureaucrats — the director-general Inter-Services Intelligence, foreign secretary, and the ambassador who wrote it, who has now been transferred to Brussels.

    “If there’s an iota of evidence that we were backed by foreign conspirators […] then with you Mr speaker and God as my witness, I will not think for another second and resign from the office of the prime minister,” PM Shehbaz Sharif said, vowing to hold an in-camera session of the security committee at the earliest.

    Economy

     Shehbaz Sharif said that hard work was required for Pakistan’s progress as if only statements could move the country forward, then during PTI’s tenure, we would have been among the leading nations.

    “We will need to wash out the effects of the previous government by working together, otherwise, we will fail […] our economy is in a bad situation right now,” the prime minister said.

    “We will need to wash out the effects of the previous government by working together, otherwise, we will fail […] our economy is in a bad situation right now,” said PM Shehbaz.

    “The minimum wage will be jacked up to Rs25,000 (from April 1). 10 per cent increase in pensions of retired civil, and military officials (from April 1). Cheap wheat to be introduced at utility stores.”

    “Laptop and technical education for youth. Reintroduction of Benazir Card. Appeal to industrialists to increase salaries of employees who earn up to Rs100,000 by 10 per cent.”

    Shehbaz’s take on foreign policy

    Shehbaz said China has been Pakistan’s partner through thick and thin. “No one can snatch Pakistan and China’s friendship from us,” he said, calling it a “long-lasting relation.”

    “But this friendship is for forever and … I assure that we will make progress on the CPEC,” he added, thanking Chinese President Xi Jinping.

    Speaking about India, the newly-elected prime minister lamented that despite them wanting peaceful ties with India, they know that until the Kashmir issue is resolved, relations between the two cannot be strengthened.

    Urging Indian premier Narendra Modi to understand the issues of the people living on both sides, he questioned there is poverty, unemployment, medical issues, etc. then “why are we harming ourselves and the generations to come?”

    “Why do we want our coming generations to suffer. Come, let’s resolve the Kashmir issue in line with United Nation resolutions and Kashmiris’ expectations, so that we are able to end poverty on both sides of the border.”

    Underlining the significance of having good ties with Saudi Arabia, Turkey, European Union nations, the United Arab Emirates, Britain, and Iran, he said that ties needed to be strengthened with the US on the basis of equality and “we need to raise our voice for Afghanistan” where the situation was dire.

    “We want peace in Afghanistan.”

    The session was subsequently adjourned till 4pm on April 16.

    Sanjrani administers the oath to Shehbaz in President Alvi’s absence

    Prior to the ceremony, President Dr Arif Alvi had complained of discomfort and was advised to rest for a few days, according to an update posted on his Twitter account.

    In the president’s absence, Senate Chairman Sadiq Sanjrani administered the oath to PM Shehbaz.

    Modi, Turkey’s Erdogan congratulate Shehbaz on becoming PM

    Indian Prime Minister Narendra Modi and Turkish President Recep Tayyip Erdogan Monday congratulated Prime Minister Shehbaz Sharif on becoming the 23rd premier of Pakistan.

    Meanwhile, in a telephonic conversation with Shehbaz, Turkish President Erdogan told the newly-elected prime minister that he was “extremely happy” about him being elected as the premier.

    Guard of honour

    Earlier this morning, the premier was given a Guard of Honour at Prime Minister’s House.