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Pakistan Signs Preliminary Free Trade Agreement with GCC
The South Asian nation has been facing a severe economic crisis, and has been left at the mercy of strict IMF measures
Pakistan and the countries of the Gulf Cooperation Council (GCC) have concluded their talks on a free trade agreement between Islamabad and the Arab states, resulting in the signing of a preliminary deal on 28 September.
The final round of these talks was held from 26 to 28 September at the GCC headquarters in Riyadh, according to a statement from the Pakistani Ministry of Commerce.
On 28 September, the GCC said via social media that the “initials” of the free trade agreement had been signed by GCC Secretary-General Mohammed al-Budaiwi and Pakistani Trade Minister Jawhar Ijaz.
The agreement “comes in recognition of the importance of strengthening trade relations and economic cooperation with countries and international blocs,” the GCC statement added.
Pakistan “looks forward to … the rapid implementation of the agreement, which will represent a new chapter in the economic relations between the two parties,” Islamabad’s Ministry of Commerce said.
...The South Asian country has also stepped up energy cooperation with Russia in search of economic alternatives.
On 27 September, Pakistan received its first shipment of liquefied petroleum gas from Russia, which it said was purchased in Chinese currency.
Related Reading: Related Reading: 6/16/23 —BRICS: 10 Asian Countries Agree to Ditch The U.S. Dollar
"In conclusion, apart from BRICS countries, now ASEAN nations will move away from the U.S. dollar. It is reported that the Gulf Cooperation Council (GCC) is also planning to move in the same direction."
7/26/23 — The End of the Petrodollar, the Rise of BRICS is Here
At the China-GCC conference in December, as reported by VOA:
" 'China will continue to import large quantities of crude oil from GCC countries on an ongoing basis,' he said, also vowing to expand other areas of energy cooperation including liquefied natural gas imports.
Xi said China would make full use of a Shanghai-based platform 'to carry out RMB [yuan] settlement of oil and gas trade’-- a move that, if Gulf countries participate, could weaken the global dominance of the U.S. dollar."
Regarding Saudi Arabia, the Gulf kingdoms would be “repeatedly stressing” their desire to remain neutral despite the US’s pressure to get involved in the middle of the geopolitical showdown between US/NATO and the BRICS axis.
VOA would report: "Saudi officials have repeatedly stressed that they value deep ties with Washington but will not hesitate to explore relationships elsewhere.
'We are very much focused on cooperation with all parties and I think competition is a good thing,' Prince Faisal said Friday, adding that Riyadh will also continue to have strong relations with the U.S. 'across the board.'
'We will continue to work with all of our partners, and we don't see it as a zero-sum game by any means,' he added.
'We don't believe in polarity.'
“We don’t believe in polarity”…. well that’s neat Prince Faisal.. but as we know, the problem is the US does.
🔗Source: The Cradle
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Yanis Varoufakis (former Greek Minister of Finance) describes AI as a new form of capital that produces not goods, but behavioral modification. This is achieved by engineering perceptions.
The answers provided by ChatGPT, or the images rendered by StableDiffusion — as these increasingly inform our perceptions, they in turn define the reality we experience.
This is what makes AI so powerful — he who controls the AI, defines the reality of tomorrow.
⚡️🇺🇸 Some more things coming out for the 2026 National Defense Authorization Act (NDAA).
Under the preliminary drafts of the bill, the USAF is requesting a release of $57,000,000 USD ($57.0 Million) to retire all remaining 162 A-10 Thunderbolt IIs in current service. Apart of the 2023 NDAA, there was a clause for a few million dollars to be released every so often to gradually retire the (then) 250 airframes by 2034; however due to the push by the Dept of Defense to ‘shed’ obsolete or obsolescent airframes that cannot be overhauled or upgraded further without a whole new airframe, it appears the USAF wants to retire all 162 remaining A-10s by the end of 2026.
The USAF plans to fully divest the 340-total remaining A-10s entirely, including those that currently serve in a handful of Air National Guard units in some states; which will be replaced by F-15EX Eagle IIs (like what is already happening with the Michigan State Air National Guard’s A-10s), or F-35A/Bs.
Included ...
My older sister lives in the country in between Velma Oklahoma and Duncan Oklahoma near the Fuqua Lake area, this story was told by a rural mail delivery woman who delivers the mail in the country.
The incident happened while she was on her route, when she came upon to the mailbox a male Chinese nation came out brandishing a, AK-47 rifle being very hostile,
I don't know if he pointed it at her since it is against the law to do so but she was terrified and said she was never going back and that the location that had a guard tower. Was the sheriff department notified, I don't know, did she notify her supervisor, don't know. But word is from the country folk who live in the area they have seen the guard tower at the pot place;
I refuse to call it a farm because it is an insult to farmers.
And yes she was traumatized by that ordeal
