Islamabad, Feb 23 (IANS) Pakistan's Foreign Minister Shah Mahmood Qureshi said that he hopes that the United States and the Taliban will continue to abide by the Doha agreement – signed between the US and the Taliban in February 2020.
Quoted by Pakistan's Dawn news agency, Qureshi said he also hopes that progress is maintained in the implementation of the US-Taliban deal to achieve a political settlement of the Afghanistan conflict.
He said that he is looking forward that collective efforts to achieve lasting peace and stability in Afghanistan "will bear fruit", TOLO news reported.
The Doha agreement calls for the withdrawal of all international forces from Afghanistan by May 1. Meanwhile, it calls on the Taliban to cut its ties with al-Qaeda and other terrorist groups.
This comes as a meeting was held between peace negotiators of the Afghan Republic and the Taliban in Doha on Monday.
Both sides stressed the need to continue their meetings on the agenda of the talks, a Taliban spokesman Mohammad Naeem said in a tweet.
Afghan and US officials have said that the Taliban should reduce violence and return to the table of negotiations.
New Delhi, March 6 (IANS) Singapore-based fund house, Bank Julius Baer, has upgraded India to overweight as it will be the fastest growing major economy in 2021.
"We change our stance on India from market-weight to overweight and see 15% upside from current levels with a Sensex price target of 58,450," it said in a note.
"An economic recovery is underway, and we look for 9% y/y GDP growth this year, followed by 7% next year. We look for earnings per share to grow on average over 25% over the next 3 years. It would be unprecedented for the stock market to fall in an environment of such strong growth," it added.
Scientists think "herd immunity" has been achieved in large parts of the country, which would explain why daily new cases have fallen from almost 100,000 in September to less than 15,000 presently.
Lockdowns are imposed still in specific areas that experience Covid outbreaks, but high frequency data shows that has not stopped a continuous recovery following the nation-wide lockdown from March to July of last year. For example, anonymized data gathered shows the mobility of people using Android-based smartphones is almost back to pre-Covid levels, it added.
An Initial Public Offering of LIC, India's largest insurer with $464 billion in assets, is planned for the second half of FY2022. The divestment of this company in particular will enable the government to manage its fiscal position.
The budget has set up a special purpose vehicle to sell the idle/non-core assets (especially land) of SOEs. Much of the idle land is well-situated and could be made productive, benefiting economic growth. Divestment of LIC and BPCL remains the key to meet the fiscal deficit target without compromising spending in FY22E, the research said.
With only the brief exception at the bottom of the Global Financial Crisis, in recent history India's stock market has always traded at a premium to its emerging market counterparts. The current premium of 40% is around the long-term average, it added