AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday congratulated President of Turkey Recep Tayyip Erdogan after Russia and Ukraine signed a landmark deal with the United Nations and Turkey on resuming grain supply to avert a global food crisis, affecting millions across the globe.

The prime minister on his Twitter handle said that Ukraine's grain deal inked in Istanbul was a historic victory of diplomacy, signifying that all crises could be averted through meaningful engagement.

“Ukraine grain deal inked in Istanbul is a historic victory of diplomacy signifying that all crises can be averted through meaningful engagement. On this remarkable achievement, I congratulate my brother RT Erdogan & thank Turkiye for its key role in preventing global food crisis,” the prime minister posted a tweet.

Yesterday, the Russian defence minister and Ukrainian infrastructure minister signed agreements separately with the UN and Turkish officials on the reopening of Black Sea routes.

Ukraine, Russia to sign deal to reopen grain ports, Turkey says

Expressing his pleasure over the successful signing of the agreement, the Turkish president in a tweet posted, “With the agreement reached today, we have contributed to averting the hunger that awaits billions of people, from Africa to the Middle East, from America to Asia. May this initiative, which is essential for solving the food crisis, be auspicious for our countries and humanity.”

Both Ukraine and Russia are among the largest exporters of grain in the world. In the wake of the Russian-Ukrainian conflict on February 24, Black Sea supply routes were blocked which saw Ukrainian exports dropping to one-sixth of the pre-war level, thus spiraling grain prices and causing pressure on different world economies.

The deal will pave way for the export of about five million metric tonnes of grain each month.

The deal would avert increasing threats of hunger and food inflation by injecting more wheat, sunflower oil, fertiliser, and other products into the global market.

Comments

Comments are closed.