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Saudi ministers assure PM Sharif of support for Pakistan’s development — PM’s office

Special Saudi ministers assure PM Sharif of support for Pakistan’s development — PM’s office
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Saudi Minister for Industry Bandar bin Ibrahim Alkhourayef (R) meets Pakistan Prime Minister Shehbaz Sharif on the sidelines of a special meeting of the World Economic Forum in Riyadh on April 28, 2024. (Photo courtesy: PMO)
Special Saudi ministers assure PM Sharif of support for Pakistan’s development — PM’s office
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Saudi Minister for Industry Bandar bin Ibrahim Alkhourayef along with his team (R) meets Pakistan Prime Minister Shehbaz Sharif and his delegation on the sidelines of a special meeting of the World Economic Forum in Riyadh on April 28, 2024. (Photo courtesy: PMO)
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Updated 28 April 2024
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Saudi ministers assure PM Sharif of support for Pakistan’s development — PM’s office

Saudi ministers assure PM Sharif of support for Pakistan’s development — PM’s office
  • PM Shehbaz Sharif is in Riyadh to attend WEF meeting on global collaboration, growth and energy
  • On Sunday, he met with Saudi Arabia’s minister of finance, investment, and industry and minerals
Updated 28 April 2024
SAIMA SHABBIR
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ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday met with Saudi Arabia’s ministers of finance, investment and industry in Riyadh on the sidelines of a World Economic Forum (WEF) meeting, Sharif’s office said, adding that the Saudi ministers assured him of the Kingdom’s support for Pakistan’s development.

The Pakistan prime minister arrived in Riyadh on Saturday to attend the WEF meeting on global collaboration, growth and energy on April 28-29, after being extended an invitation by Crown Prince Mohammed bin Salman and Professor Klaus Schwab, the WEF executive chairman.

On the sidelines of the WEF meeting, Sharif held separate meetings with Saudi Arabia’s Finance Minister Mohammed Al-Jadaan, Investment Minister Khalid Al-Falih, and Industry and Mineral Resources Minister Bandar Alkhorayef, according to the Pakistan PM’s office.

In his meeting with the Saudi finance minister, the two sides agreed that Saudi Arabia would explore more opportunities for investment in Pakistan.

“The Saudi finance minister reiterated Saudi Arabia’s support for Pakistan’s economic development,” Sharif’s office said in a statement.




Saudi Minister for Finance Mohammad Al Jadaan (2R) along with his team meets Pakistan Prime Minister Shehbaz Sharif (R) on the sidelines of a special meeting of the World Economic Forum in Riyadh on April 28, 2024. (Photo courtesy: PMO)

The Saudi investment minister acknowledged PM Sharif’s efforts for Pakistan’s growth and prosperity.

“A delegation of Saudi investors will soon visit Pakistan,” he was quoted as saying by Sharif’s office.

“Pakistan is our priority in terms of investment. Both sides will continue to fully cooperate in agriculture, information technology (IT) and energy sector.”

Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as the top source of remittances to the cash-strapped South Asian country.

Both Pakistan and Saudi Arabia have been closely working to increase their bilateral trade and investment, and the Kingdom recently reaffirmed its commitment to expedite an investment package worth $5 billion discussed previously with Islamabad.

In his meeting with the prime minister, Saudi Arabia’s Industry and Mineral Resources Minister Bandar Alkhorayef expressed “deep interest” in cooperation with Pakistan in agriculture, minerals, IT and other sectors, according to Sharif’s office.

“I am in touch with Saudi private companies regarding investment in Pakistan and [representatives of] these companies will visit Pakistan very soon,” the Saudi minister was quoted as telling PM Sharif.

“Cooperation between private sectors of the two countries is among our top priorities.”

PM Sharif thanked Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman as well as the Saudi ministers for supporting Pakistan in every difficulty.

“During my previous government, our economic situation improved, thanks to Saudi Arabia’s support and assistance,” he said, describing both countries as strategic partners.

Pakistan’s Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb and other members of PM Sharif’s cabinet were also present at the meetings.

Topics: World Economic Forum WEF2024 Pakistan Saudi Ties

Pakistan launches operation in Kurram district, sets up camps for displaced families

Pakistan launches operation in Kurram district, sets up camps for displaced families
Updated 19 January 2025
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Pakistan launches operation in Kurram district, sets up camps for displaced families

Pakistan launches operation in Kurram district, sets up camps for displaced families
  • Tribal and sectarian clashes since Nov. 21 have killed at least 136 people in Kurram and caused medicine, food and fuel shortages
  • A senior police official says military will lead the operation in Kurram’s Bagan area, with police providing ‘second-tier support’
Updated 19 January 2025
SAIMA SHABBIR

ISLAMABAD: Pakistani security forces have launched an operation to clear the northwestern Pakistani district of Kurram of militants, a senior police official said on Sunday, following months of unrest in the region.
Kurram, a district of around 600,000 people in Pakistan’s Khyber Pakhtunkhwa (KP) province, has been rocked by tribal and sectarian clashes since November 21, when armed men attacked a convoy of Shia passengers, killing 52 people.
The attack sparked further violence and blockade of a main road connecting Kurram’s main town of Parachinar with the provincial capital of Peshawar, causing medicine, food and fuel shortages in the area, as casualties surged to 136.
The operation in Lower Kurram comes after the KP government announced the establishment of camps for temporarily displaced persons (TDPs), following an ambush on a supply convoy that killed 10 people on Thursday.
“The operation has commenced in Lower Kurram’s Bagan area and the sanitization process to clear the area is underway,” Abbas Majeed Marwat, the Kohat regional police officer (RPO), told Arab News.
“The military will lead the operation, with the police providing second-tier support through the Elite Force, regular police, and other security forces.”
Asked about the scale of the operation, Marwat said it was targeted at specific areas where militants were using hideouts to sabotage peace efforts.
“The operation will focus on certain pockets, particularly in Bagan and its adjacent areas,” he said.
Thursday’s ambush targeted a convoy of 33 vehicles set to resupply local traders in the region with rice, flour and cooking oil and two aid vehicles carrying essential medicine. It followed a similar attack on a supply convoy this month that injured five people, including a top administration official in the region.
The violence has continued despite a peace agreement signed between the warring tribes on Jan. 1. Under the peace agreement, both sides had agreed on the demolition of bunkers and the handover of heavy weapons to authorities within two weeks.
RPO Marwat said the operation aimed to target elements “embedded within the local community who were acting as spoilers.” He said authorities had completed arrangements for TDPs, while some families had already left the most affected areas to stay with their relatives elsewhere.
“The commissioner of Kohat and I visited the proposed sites for TDP camps in Hangu to inspect the administrative and security arrangements,” he told Arab News on Sunday.
“As of yesterday, more than 20 families had relocated [from Bagan] and more are leaving because the situation here remains critical.”
Separately on Sunday, the KP government announced action against militants in violence-hit areas of Kurram, following a high-level huddle in Peshawar.
“Action against few miscreants in the affected areas has become unavoidable and a decision has been made to take strict and indiscriminate action against miscreants,” said a statement issued from the office of KP government spokesperson Mohammad Ali Saif.
For the past three months, the statement said, the KP government had been working hard to restore peace and stability in Kurram, and a peace agreement was reached through a grand jirga in line with Pashtun traditions.
“A few miscreants in Kurram have attempted to sabotage the peace agreement,” it said, adding that the militants attempted to assassinate Kurram Deputy Commissioner Javedullah Mehsud, leaving him seriously injured, and were also targeting security personnel and supply convoys.
The statement said the government feared that the “miscreants” had infiltrated peaceful communities, and to protect peaceful citizens, they would be separated.
“Alternative housing arrangements have been made for the affected population,” it added.
Feuding tribes have battled with machine guns and heavy weapons in Kurram, cutting off the remote and mountainous region bordering Afghanistan from the outside world.
Provincial authorities have been supplying relief goods and transporting ailing and injured people from Kurram to Peshawar via helicopters since late last month.

Topics: kurram kurram district parachinar sectarian clashes militancy in Pakistan

Pakistan commerce minister arrives in Cambodia to hold bilateral trade talks

Pakistan commerce minister arrives in Cambodia to hold bilateral trade talks
Updated 19 January 2025
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Pakistan commerce minister arrives in Cambodia to hold bilateral trade talks

Pakistan commerce minister arrives in Cambodia to hold bilateral trade talks
  • The development comes amid Pakistan’s push to revive its $350 billion economy since avoiding a default in June 2023
  • Commerce Minister Jam Kamal Khan will attend the inaugural Joint Trade Committee and Ministerial Meeting in Phnom Penh
Updated 19 January 2025
SAIMA SHABBIR

ISLAMABAD: Pakistani Commerce Minister Jam Kamal Khan on Sunday arrived in Cambodia on a three-day official visit to hold bilateral trade talks, his ministry said, amid Pakistan’s push for trade and investment.
The commerce minister will participate in the inaugural Joint Trade Committee and Ministerial Meeting in the Cambodian capital of Phnom Penh, according to the Pakistani commerce ministry.
Upon arrival, Khan was received by Pakistan’s Ambassador to Cambodia Zaheer Uddin Baber Thaheem and Tith Rithipol, undersecretary of state from the Cambodian ministry of commerce.
“The visit aims to strengthen bilateral trade ties, explore new economic opportunities, and enhance cooperation between the two nations,” the Pakistani commerce ministry said in a statement.
“The meetings are expected to cover a range of topics, including trade facilitation, investment prospects, and market access.”
The development comes amid Pakistan’s efforts to revive its $350 billion economy since avoiding a default in June 2023. The South Asian country last year secured a new $7 billion loan from the International Monetary Fund (IMF) and has been actively pursuing trade and investment opportunities to put the economy on the path of recovery.
The Pakistani commerce ministry said Khan’s visit marked a “significant step” toward deepening economic engagement between Pakistan and Cambodia.
“Further discussions and agreements are anticipated during the visit,” it added.

Topics: Commerce Minister Jam Kamal Khan Pakistan Cambodia ties

Minister calls for strict measures to curb carbon emissions to deal with Pakistan smog crisis

Minister calls for strict measures to curb carbon emissions to deal with Pakistan smog crisis
Updated 19 January 2025
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Minister calls for strict measures to curb carbon emissions to deal with Pakistan smog crisis

Minister calls for strict measures to curb carbon emissions to deal with Pakistan smog crisis
  • Pakistan’s eastern Punjab province experiences smog each year, with the provincial capital of Lahore ranking second among world’s most polluted cities on Sunday
  • Officials say smog is a byproduct of large numbers of vehicles, construction and industrial work as well as burning of crop residue at the start of winter season
Updated 19 January 2025
Arab News Pakistan

ISLAMABAD: Pakistan’s Law Minister Azam Nazeer Tarar on Sunday called for the enforcement of stringent policy measures to mitigate heat-trapping carbon emissions from vehicles in order to tackle the issue of smog, Pakistani state media reported.
Pakistan’s eastern Punjab province experiences dense smog each year, with the provincial capital of Lahore ranking second among the world’s most polluted cities on Sunday, according to Swiss air monitor IQAir.
Late last year, the province closed down schools and offices, banned outdoor activities and shortened timings for restaurants, shops and markets in a bid to contain the crisis.
The dangerous smog is a byproduct of large numbers of vehicles, construction and industrial work as well as burning of crop residue at the start of the winter wheat-planting season.
“Smog has emerged as a serious environmental and public health concern,” Tarar said as reported by Radio Pakistan, stressing the need to ensure conformity with Euro-5 or higher-grade fuels to improve the air quality and mitigate heat-trapping carbon emissions.
The comments came at a meeting of a committee to implement the National Climate Change Policy, aimed at steering Pakistan toward climate resilience and low carbon development.
Officials informed the participants that efforts had already been ramped up to transition the South Asian country to renewable energy sources, with significant investments in solar, wind, and hydropower projects.
“The government’s plan to achieve a 30 percent share of renewables in the energy mix by 2030 is well on track and all-out efforts are being made to promote Electric Vehicles to reduce the environmental impact of transportation,” they were quoted as saying.
Pakistan is among countries deemed most vulnerable to extreme weather caused by climate change, despite contributing less than 1 percent to global carbon emissions, according to officials. 
In 2022, devastating floods, blamed on human-driven climate change, killed more than 1,700 Pakistanis, affected another 33 million and caused the country over $30 billion in economic losses.

Topics: Azam Nazeer Tarar Pakistan Smog carbon emissions

Top Bangladeshi commander meets Pakistan Navy officials, discusses regional maritime security

Top Bangladeshi commander meets Pakistan Navy officials, discusses regional maritime security
Updated 19 January 2025
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Top Bangladeshi commander meets Pakistan Navy officials, discusses regional maritime security

Top Bangladeshi commander meets Pakistan Navy officials, discusses regional maritime security
  • The development comes amid a thaw in relations between both nations since PM Sheikh Hasina’s ouster in August
  • The two sides discussed joint military exercises, reciprocal visits and training exchange programs, Pakistan Navy says
Updated 19 January 2025
Shahjahan Khurram

ISLAMABAD: Lt. Gen. SM Kamr-ul-Hassan, principal staff officer (PSO) of the Bangladesh armed forces division, on Sunday met senior Pakistan Navy officials and discussed with them regional maritime security cooperation, Pakistan Navy said.
Lt. Gen. Hassan toured Pakistan Navy ships and units during his visit to the southern Pakistani port city of Karachi, according to the Directorate General Public Relations (DGPR) of Pakistan Navy.
He met Pakistan Fleet Commander Rear Admiral Abdul Munib, Coast Commander Rear Admiral Faisal Amin and Managing Director of Karachi Shipyard & Engineering Works (KS&EW) Rear Admiral Salman Ilyas.
“During these engagements, discussions focused on professional matters of mutual interests, including regional maritime security and bilateral defense collaboration,” the DGPR said in a statement.
“Various potential areas of cooperation were highlighted, such as joint military exercises, reciprocal visits, and training exchange programs between the two countries.”
Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war, which saw the part previously referred to as East Pakistan seceding to form the independent nation of Bangladesh.
In the years since, Bangladeshi leaders, particularly former prime minister Sheikh Hasina, chose to maintain close ties with India. Relations between Pakistan and Bangladesh have warmed up since Hasina’s ouster as a result of a student-led uprising in August, witnessing a marked improvement.
“The visit of Lt. Gen. SM Kamrul Hassan is expected to further strengthen defense ties between the two brotherly nations, enhancing cooperation and solidifying the bonds between the armed forces of Pakistan and Bangladesh,” Pakistan Navy said.
Lt. Gen. Hassan, who is currently on a visit to Pakistan, this week met Chief of Army Staff (COAS) General Asim Munir in Rawalpindi, according to the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing. During the meeting, both military commanders stressed the need for an enduring partnership between the two countries to remain “resilient against external influences.”
Earlier in the day, the Trade Development Authority of Pakistan (TDAP) said it would send two trade delegations to Bangladesh on Jan. 19-20 to increase bilateral relations and economic collaboration as both countries move to repair strained ties.
“The first delegation of dates comprising 13 exporters will leave for a week-long visit on Jan. 19 while the second delegation of citrus will leave for a business-to-business (B2B) meeting on Jan. 20,” the TDAP said.
The delegations will explore more trade opportunities, promote business partnerships and Pakistan’s export potential in the Bangladeshi market, it added.
The development comes days after the signing of a landmark agreement between Pakistan and Bangladeshi businesspersons to establish a joint business council between the two countries.
Pakistan’s Deputy Prime Minister Ishaq Dar is also scheduled to visit Dhaka at the start of February to further consolidate the relations between the two countries.

Topics: Pakistan Bangladesh Ties Pakistan Navy

Pakistan to launch yuan-denominated Panda bonds by June, finance minister says

Pakistan to launch yuan-denominated Panda bonds by June, finance minister says
Updated 19 January 2025
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Pakistan to launch yuan-denominated Panda bonds by June, finance minister says

Pakistan to launch yuan-denominated Panda bonds by June, finance minister says
  • The South Asian country intends to raise approximately $200 million from Chinese investors through Panda bonds
  • Muhammad Aurangzeb says the move is part of a strategy to achieve sustainability in Pakistan’s balance of payments
Updated 19 January 2025
Arab News Pakistan

ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that Pakistan plans to launch yuan-denominated Panda bonds in June to enhance its presence in Chinese capital markets, Pakistani state media reported on Sunday.
The development follows an upgrade in Pakistan’s sovereign rating by all three major credit agencies. The country aims to get into the “single-B” category that would allow it to return to global bond markets to raise funds.
Aurangzeb said the South Asian country intends to raise approximately $200 million from Chinese investors through the issuance of the Panda bonds, the Radio Pakistan broadcaster reported.
“This step is part of a broader strategy to transition Pakistan’s economy toward export-driven growth, with a focus on achieving sustainability in the country’s balance of payments,” he was quoted as telling Hong Kong’s TVB news channel.
The South Asian country is navigating a challenging economic recovery path and has been buttressed by a $7 billion facility from the International Monetary Fund (IMF) in September. The government is optimistic it will meet the terms of the program.
Pakistan is being advised on the issuance of Panda bonds by the China International Capital Corporation, a partially state-owned financial services company, according to the finance minister. However, the latest figure is lower than the $300 million targeted by Pakistan last year.
Aurangzeb extended an invitation to Hong Kong to send delegations to explore trade and financial opportunities in Pakistan, according to the Radio Pakistan report.
“Hong Kong could serve as a strategic hub for joint ventures between Chinese and Pakistani companies,” he said.
To revive its $350 billion economy, Pakistan has been making efforts to position itself as a regional trade and transit hub by leveraging its strategic geopolitical position.
The South Asian country has witnessed a flurry of visits, investment talks and economic activity involving officials from Saudi Arabia, United Arab Emirates, China and Central Asian nations in recent months.

Topics: Pakistan China Ties Pakistan economy

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