Day: November 25, 2022

“In addition to our bilateral cooperation, we also exchanged views on important regional and international issues on our common agenda,” Recep Tayyip Erdogan said in a joint news conference with Pakistan’s Prime Minister Shehbaz Sharif in Istanbul.

Türkiye, he said, has many successful joint cooperation projects aiming for the peace and stability of South Asia with Pakistan.

The trade volume between two countries has reached $1 billion and that it continues to expand, he added.

“We have the necessary political will and determination to achieve our $5 billion trade volume target.”

The Turkish leader also commented on the situation in Afghanistan as he said establishing “peace and stability in Afghanistan is essential in terms of common threats and risks, beyond our humanitarian duty for our Afghan brothers.”

He said they will continue to work together to “eliminate the effects of the humanitarian crisis faced by the Afghan people.”

Erdogan also pointed to the solidarity and mutual cooperation between Türkiye and Pakistan and reiterated Ankara’s support for Islamabad’s counter-terrorism efforts.

“We have always seen Pakistan’s pain as our pain, its joy as our joy and its success as our success,” he said.

Pakistan invites Türkiye to join China-Pakistan Economic Corridor

Sharif on Friday proposed extending the China-Pakistan Economic Corridor (CPEC), inviting Türkiye to join the multi-billion-dollar project.

“China and Pakistan are great friends and we are experiencing and enjoying the benefits of the China-Pakistan Economic Corridor under the Belt and Road Initiative of (Chinese) President Xi (Jinping). I would suggest let this be a cooperation between China, Pakistan, and Turkiye,” Sharif told the news conference, calling it a “wonderful joint cooperation.”

Sharif also said such cooperation among the three nations “will bring prosperity and progress in this entire region.”

“This will help the alleviation of poverty and unemployment. This will promote education and this is how we can really meet the challenges of today,” the Pakistani prime minister said.

Sharif said he will be “very happy” to talk to his “Chinese friends.”

“If we can move in this direction, I think, this would be a wonderful opportunity to really capitalize” he added.

Since 2014, China has invested around $28 billion in various energy and infrastructure projects in the South Asian country under the CPEC, allowing the world’s second-largest economy to reach the warm waters of the Arabian Sea via the Gwadar Port in the southwestern Balochistan province.

Sharif also extended condolences to Türkiye on the deadly Nov. 13 terror attack in Istanbul.

“Our heart goes out” to the victims, said Sharif, referring to the terror attack on Istiklal Avenue which killed six people and injured 81 others.

*Riyaz ul Khaliq in Istanbul has contributed to this story.

Source: Anadolu Agency

The experienced forward previously scored for Portugal in the 2006, 2010, 2014, and 2018 World Cup tournaments.

Ronaldo scored against Ghana from a penalty kick in the 65th minute to break the deadlock in the match and set the individual record.

In the 73rd minute, Ghana forward Andre Ayew leveled the match.

However, Portugal scored two consecutive goals to make it 3-1 then. Joao Felix and Rafael Leao were the scorers for the Portuguese national team.

It seemed the job has not finished for Portugal as Osman Bukari scored a header in the 89th minute to give a hope to Ghana, making the score 2-3.

The teams then played at least 10 minutes of stoppage time as Ghana started to pile pressure.

Portugal goalkeeper Diogo Costa made a big mistake near the end of the match.

Inaki Williams was behind him but Costa was not aware about Williams. The Ghana forward stole the ball but Williams slipped and wasted a chance.

Portugal secured a 3-2 win after an exciting second half.

Earlier Thursday, Uruguay drew with South Korea 0-0 in Group H.

Source: Anadolu Agency

Major European stock markets closed Thursday with gains for the third consecutive trading day.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was up 2.02 points, or 0.46%, at 440.84.

The UK’s FTSE 100 increased 1.36 points, or 0.02%, to close at 7,466.

Germany’s DAX 30 was the best performer of the day by soaring 111 points, or 0.78%, to finish at 14,539.

France’s CAC 40 added 28 points, or 0.42%, to close at 6,707. Spain’s IBEX 35 gained 56 points, or 0.68%, to 8,388.

Italy’s FTSE MIB increased 56 points, or 0.68%, to end the day at 8,388.

Source: Anadolu Agency

The figure was slightly better than the first reading of 0.3% growth, primarily backed by household consumption expenditure, the German statistical office Destatis reported.

Third-quarter growth was greater than the second quarter’s 0.1% despite global economic challenges such as the COVID-19 pandemic, delivery bottlenecks, surging prices, and the Russia-Ukraine war.

Household final consumption expenditure increased 1.0% quarter-on-quarter as people traveled more thanks to easing COVID-19 restrictions.

On an annual basis, the German economy grew 1.2% in the July-September period, 0.1 percentage point higher than the first reading, but lower than the 1.7% growth recorded in April-June.

Source: Anadolu Agency

The roadmap aims to position Türkiye as the leading country in participation finance by implementing an inclusive, sustainable, and innovative participation financial system that operates in accordance with the tenets of participation finance and considers goal-oriented principles.

The document “was prepared for objectives of operating in compliance with the tenets of participation finance, creating viable and realistic solutions to various structural problems, reaching its deserved place in the financial system and effectively supporting the Türkiye Economy Model,” said the statement.

The strategy document was designed around five main goals: realizing institutional transformation, establishing supportive mechanisms, forming a holistic fiqh (Islamic jurisprudence) governance structure, ensuring the development of human capital, and boosting positive perception, awareness, and participation financial literacy.

Towards these strategic objectives, 84 action items were determined.

A Participation Finance Strategy Document Coordination Board will be established in order to ensure coordination between institutions and organizations in the implementation of the action items in the PFSD and for high-level assessment of the feedback from the action plan implementation and monitoring groups.

Members of the board, which will meet under the chairmanship of the Presidential Finance Office, will consist of executive managers of the institutions and organizations directly related to PFSD and will meet at least every four months.

In addition, the action plan implementation and monitoring groups, consisting of representatives of responsible and relevant institutions and organizations, will be formed for the realization of the strategic goals and objectives in the PFSD. These groups will meet every three months.

“As the Finance Office, we aim to find realistic and applicable solutions to the structural problems of the participation finance system, and to build a financial structure that will contribute to Türkiye’s financial independence, strong, sustainable and inclusive growth, with the roadmap laid out within the scope of the PFSD,” it said.

Source: Anadolu Agency