AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

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.