ISLAMABAD: Dismissing reports that nationals residing in Saudi Arabia were facing problems in the country, Pakistan Foreign Minister Shah Mahmood Qureshi said on Friday that the reports were untrue.
In a written reply to questions about Pakistani expats in the Kingdom, Qureshi told the National Assembly: “Pakistanis employed in the Kingdom on proper work visas do not face problems pertaining to their work permits (Iqamas), outstanding dues etc,” adding that the Saudi was home to around 2.6 million Pakistani expats.
Qureshi added that only those Pakistanis who had overstayed, were involved in illegal activities or had traveled to GCC countries on a free visa faced problems. “In some cases, Pakistanis going on ‘Hajj and Umrah Visas’ to Saudi Arabia overstay and thus become liable for deportation by the Saudi authorities,” he said.
Earlier, Moulana Abdul Akbar Chitrali, a lawmaker from the religious political alliance Muttahida Majlis-e-Amal, had asked the government whether any Pakistani workers were stranded in Saudi Arabia due to a nonpayment of salaries by their employers.
Qureshi explained to the house that Saudi Arabia was an oil-based economy and more than 70 percent of its budget was financed by the sector. Due to a slump in oil prices in the past, some projects were put on hold by the Saudi government.
He narrated the example of a construction company which had incurred a huge loss after several other companies defaulted due to an economic slump and failed to pay the wages to expatriates from various nationalities, which included 9,360 Pakistanis.
“The workers were stuck with expired visas and without salaries. The government of Pakistan, through our missions, facilitated the final exit and free tickets of 4,810 workers,” he said.
“We coordinated with different companies to relocate the workers and more than 4,548 were transferred to new employers within the Kingdom.”
Prime Minister Imran Khan visited Saudi Arabia last week, where he participated in the Future Investment Initiative Conference. Foreign Minister Qureshi said that during the meeting with Khan, Crown Prince Mohammed bin Salman “agreed to bring visa fee for Pakistani workers at par with the visa fee charged from Indian workers i.e. SR305.”
Qureshi added that there are around 3,000 Pakistani nationals detained in Saudi prisons and a majority of those are “unfortunately detained on drug-related charges.”
Overseas Pakistanis not facing issues in Saudi Arabia – Qureshi
Overseas Pakistanis not facing issues in Saudi Arabia – Qureshi
- Foreign minister rubbishes reports that several are stranded in the country
- Says only those who had overstayed or indulged in illegal activities held back
Pakistan stocks drop over 1,900 points amid Israel-Iran tensions
- Analysts cite fears of broader regional escalation following Israeli strikes on Iran
- Israel struck Iran, claiming Tehran was “close” to developing a nuclear weapon
KARACHI: The Pakistan Stock Exchange (PSX) plunged more than 1,900 points on Friday, as investor sentiment soured following Israel’s strikes on Iran, triggering fears of wider regional escalation.
The benchmark KSE-100 index fell 1,949.56 points, or 1.57 percent, closing at 122,143.56, down from the previous close of 124,093.12.
Shares traded largely in the red, mirroring losses across regional and global markets after the Israeli attacks shook investor confidence, according to a market review by Pakistani brokerage Topline Securities.
“Geopolitical tensions after Israel’s attack in Iran weighed down on world equities, including the KSE100,” Raza Jafri, Head of Intermarket Securities, told Arab News. “In particular, if a geopolitical risk premium gets added to international oil prices on a prolonged basis, it could negatively affect the outlook for the current account deficit and inflation, given more than 25 percent of Pakistan’s import bill comprises of petroleum products.”
He noted that Pakistan was now “much more disciplined” economically, having avoided fuel subsidies and refrained from using foreign exchange reserves to support the currency. This, he said, would help the country better withstand a potential oil price shock than in the past.
Ahsan Mehanti, Chief Executive of Arif Habib Commodities Ltd, said stocks declined across the board in response to the strikes.
“Slump in global equities on geopolitical risks and weakening rupee played catalyst role in panic selling at PSX,” he said.
Israel launched strikes on Iran earlier on Friday, claiming Tehran was “very close” to developing a nuclear weapon. The attacks reportedly targeted nuclear facilities, scientists, and senior military commanders.
Pakistan stocks drop over 1,900 points amid Israel-Iran tensions
- Analysts cite fears of broader regional escalation following Israeli strikes on Iran
- Israel struck Iran, claiming Tehran was “close” to developing a nuclear weapon
KARACHI: The Pakistan Stock Exchange (PSX) plunged more than 1,900 points on Friday, as investor sentiment soured following Israel’s strikes on Iran, triggering fears of wider regional escalation.
The benchmark KSE-100 index fell 1,949.56 points, or 1.57 percent, closing at 122,143.56, down from the previous close of 124,093.12.
Shares traded largely in the red, mirroring losses across regional and global markets after the Israeli attacks shook investor confidence, according to a market review by Pakistani brokerage Topline Securities.
“Geopolitical tensions after Israel’s attack in Iran weighed down on world equities, including the KSE100,” Raza Jafri, Head of Intermarket Securities, told Arab News. “In particular, if a geopolitical risk premium gets added to international oil prices on a prolonged basis, it could negatively affect the outlook for the current account deficit and inflation, given more than 25 percent of Pakistan’s import bill comprises of petroleum products.”
He noted that Pakistan was now “much more disciplined” economically, having avoided fuel subsidies and refrained from using foreign exchange reserves to support the currency. This, he said, would help the country better withstand a potential oil price shock than in the past.
Ahsan Mehanti, Chief Executive of Arif Habib Commodities Ltd, said stocks declined across the board in response to the strikes.
“Slump in global equities on geopolitical risks and weakening rupee played catalyst role in panic selling at PSX,” he said.
Israel launched strikes on Iran earlier on Friday, claiming Tehran was “very close” to developing a nuclear weapon. The attacks reportedly targeted nuclear facilities, scientists, and senior military commanders.
Pakistan urges religious devotees to postpone travel to Iran, Iraq amid regional tensions
- A senior government official says currently there are an estimated 5,000 Zaireen in Iran
- Israel launched strikes against Iranian military and nuclear facilities earlier in the day
ISLAMABAD: Pakistan on Friday advised its citizens planning religious travel to Iran and Iraq to reconsider their plans, citing security concerns after Israeli strikes on Iranian military and nuclear facilities earlier in the day.
The advisory mentions Pakistani “Zaireen,” or Shi’ite Muslim pilgrims who travel to Iran and Iraq to visit sacred religious sites, particularly in Mashhad, Qom, Najaf and Karbala.
The region has seen heightened tensions following Israeli attacks on key installations in Iran, prompting fears of broader instability.
“In view of the evolving security situation in the region, the Zaireen from Pakistan are advised to reconsider their travel plans to Iran and Iraq,” the foreign office said in a brief statement issued in Islamabad.
According to a senior government official who spoke on condition of anonymity, the number of Zaireen traveling to Iran fluctuates, and most do not contact the Pakistani diplomatic missions.
“Currently, there are an estimated 5,000 Zaireen in Iran,” he said, adding that Pakistan’s embassy in Tehran and its consulates remain available to assist citizens.
“Any Pakistani requiring guidance or support is encouraged to contact our relevant diplomatic missions, which will, as always, provide necessary assistance and facilitate their return to Pakistan,” the official added.
While no evacuation plans have been announced, the authorities say they are closely monitoring the regional situation.
Pakistan’s Babar Azam to make Big Bash debut with Sydney Sixers in Australia
- Former Pakistan skipper says playing first-ever BBL match will be ‘something special’
- BBL is a Twenty20 cricket competition that features Australia’s eight city-based teams
ISLAMABAD: Former Pakistan captain Babar Azam has been picked by Sydney Sixers to debut in the upcoming 15th season of Australia’s Big Bash League (BBL), the club announced on Friday.
The BBL is a professional Twenty20 cricket competition in Australia that features eight city-based teams.
Launched in 2011, the league is held during the summer and features a mix of local and international players.
“The SCG [Sydney Cricket Ground] has been home to many legends. Now it’s home to the [king]. Welcome, Babar Azam,” the Sydney Sixers said in a post on X.
Azam said he was “super pumped” to join the team, highlighting that his BBL debut “will be something special.”
“Cannot wait to share the dressing room with my favorite batter Steve Smith and world class bowler Josh Hazlewood,” he was quoted saying in a video posted by BBL on X.
“So really excited and looking forward to getting over there and meeting my craziest cricket fans.”
Azam has featured in several major franchise leagues around the world.
Apart from competing in the Pakistan Super League, Azam has played for Guyana Amazon Warriors in the Caribbean Premier League, Sylhet Sixers and Rangpur Riders in the Bangladesh Premier League, and Somerset in England’s T20 Blast.
Pakistan prepares for Joint Ministerial Commission with UAE to deepen trade ties
- Deputy Prime Minister Ishaq Dar holds a preparatory meeting ahead of the 12th JMC session in Abu Dhabi
- The bilateral forum will help advance key initiatives, explore new avenue for Pakistan-UAE cooperation
ISLAMABAD: Pakistan on Friday held a preparatory meeting for the upcoming 12th session of its Joint Ministerial Commission (JMC) meeting with the United Arab Emirates (UAE), said the state media, as the government seeks to strengthen economic and trade relations with the Gulf nation.
The JMC is the primary bilateral platform for institutionalized cooperation between Pakistan and the UAE, focusing on trade, investment, energy, labor and consular matters. After remaining inactive for several years, it was revived recently to accelerate high-level economic engagement.
The preparatory meeting, according to Radio Pakistan, was presided over by Deputy Prime Minister Ishaq Dar, who also serves as the foreign minister of the country.
“Deputy Prime Minister Ishaq Dar has reiterated Pakistan’s firm commitment to strengthening Pak-UAE economic and trade relations,” the report said.
“He made the remarks while chairing a high-level meeting in Islamabad on Friday to review preparations for the upcoming 12th session of the Pakistan-UAE Joint Ministerial Commission (JMC) in Abu Dhabi,” it added.
Radio Pakistan said discussions during the meeting focused on advancing key bilateral initiatives, formalizing collaboration in existing sectors, exploring new avenues for cooperation and attracting mutually beneficial UAE investments in priority areas.
The UAE is Pakistan’s third-largest trading partner. Its proximity to the South Asian state helps minimize export costs, particularly for perishable goods.
Pakistan has increasingly sought stronger economic partnerships with Gulf nations to strengthen its economy amid improving macroeconomic indicators. The UAE has supported Pakistan during recent economic crises, including by maintaining deposits with the State Bank of Pakistan and helping Islamabad unlock critical IMF loan tranches.
So far, the government has not officially announced any date for the 12th JMC session, though it is expected to help expand bilateral economic cooperation.
