Pakistani PM meets Saudi crown prince, resolves to further strengthen bilateral ties

Saudi Crown Prince Mohammed bin Salman meets Pakistan's Prime Minister Shehbaz Sharif in his palace on the eve of 29th Ramadan, during the holy month of Ramadan, in the holy city of Makkah, Saudi Arabia, on April 7, 2024. (Saudi Press Agency)
Short Url
Updated 08 April 2024
Follow

Pakistani PM meets Saudi crown prince, resolves to further strengthen bilateral ties

  • PM Shehbaz Sharif is on a three-day visit to Saudi Arabia, his first foreign visit since assuming office last month 
  • Both leaders appreciated upward trajectory of Pakistan-Saudi Arabia relations, says Prime Minister’s Office

ISLAMABAD: Prime Minister Shehbaz Sharif met Saudi Crown Prince Mohammed bin Salman at the Al-Safa Palace in Makkah on Sunday, with both leaders resolving to further strengthen bilateral ties between Pakistan and Saudi Arabia, the Prime Minister’s Office (PMO) said. 

Sharif arrived in Saudi Arabia on a three-day official visit on Saturday, his first foreign trip as Pakistan’s chief executive since his election to the post last month. He is accompanied by his niece and Punjab chief minister, Maryam Nawaz Sharif, as well as the ministers of finance, foreign affairs, economic affairs, defense and information. 

The Pakistani premier and his delegation were invited to the palace for iftar by the Saudi crown prince, the PMO said. During the meeting, Sharif conveyed his best wishes and prayers for the health and well-being of King Salman bin Abdulaziz. The Pakistani premier was dressed in the ihram, indicating that he will perform Umrah while in Makkah.

“Both leaders appreciated the upward trajectory of longstanding fraternal relations,” the PMO said. “The two leaders reaffirmed common resolve to further strengthen bilateral ties.”




Saudi Crown Prince Mohammed bin Salman (center) meets Pakistan's Prime Minister Shehbaz Sharif (right) and Bahrain's Crown Prince and Prime Minister Sheikh Salman bin Hamad al-Khalifa in his palace on the eve of 29th Ramadan, during the holy month of Ramadan, in the holy city of Makkah, Saudi Arabia, on April 7, 2024. (Saudi Press Agency)

After iftar, Sharif held a one-on-one meeting with the Saudi crown prince, the PMO said. 




Saudi Crown Prince Mohammed bin Salman (third right) offers prayer with Pakistan's Prime Minister Shehbaz Sharif (second right) in his palace on the eve of 29th Ramadan, during the holy month of Ramadan, in the holy city of Makkah, Saudi Arabia, on April 7, 2024. (Saudi Press Agency)

Sharif last traveled to Saudi Arabia during his first term as PM in October 2022. He met the crown prince during that visit and also attended the Saudi Future Investment Initiative Summit.

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 destination for remittances to the cash-strapped South Asian country.

Saudi Arabia has often come to cash-strapped Pakistan’s aid by regularly providing the South Asian country oil on deferred payment facilities and offering direct financial support to help stabilize its economy, shore up its foreign exchange reserves.


Danish firm to train 100 Pakistani engineers in mining as Islamabad seeks to exploit mineral resources

Updated 4 sec ago
Follow

Danish firm to train 100 Pakistani engineers in mining as Islamabad seeks to exploit mineral resources

  • Pakistan’s landscape is a treasure trove of diverse mineral deposits from huge coal reserves to gold and copper deposits to gemstone
  • The South Asian country is currently making efforts to utilize these vast mineral resources to stabilize its $350 billion fragile economy

ISLAMABAD: A Copenhagen-based multinational mining company, FLSmidth, will train 100 Pakistani engineers in mining, the Pakistani government said on Friday, amid Islamabad’s efforts to utilize the country’s vast mineral resources for economic gains.
The statement by Pakistan’s Press Information Department (PID) came after Petroleum Minister Ali Pervaiz Malik’s meeting with Danish Ambassador to Pakistan Jakob Linulf in Islamabad that focused on bilateral cooperation in the energy sector, particularly in mining and technological collaboration.
Malik recognized that FLSmidth’s advanced solutions in cement production, mineral processing and decarbonization align with Pakistan’s goals of increasing efficiency and reducing environmental impact in its extractive industries, according to the PID.
He emphasized the Pakistani government’s commitment to creating an investor-friendly environment and invited Danish companies, including FLSmidth, to explore partnerships with Pakistani firms during the Pakistani Minerals Investment Forum on April 8-9.
“FLSmidth will be launching a training program named BRIMM (Bradshaw Research Initiative for Minerals and Mining) under which hundred Pakistani engineers will be provided training,” the PID said, citing the Danish ambassador.
“FLSmidth has already entered into 5 partnership agreements in minerals sector of Pakistan.”
Pakistan’s landscape is a treasure trove of diverse mineral deposits from huge coal reserves in the southern Sindh province to gold and copper deposits in the southwestern Balochistan province. The northwestern Khyber Pakhtunkhwa province is home to several gemstone mines, including emerald mines in Swat, Mardan’s pink topaz mines, and peridot mines in Kohistan.
The South Asian country is currently making efforts to utilize these vast mineral resources through foreign investment and collaboration to stabilize its $350 billion economy.
Petroleum Minister Malik expressed Pakistan’s keen interest in leveraging Danish technology and investment to optimize resource extraction and processing as the South Asian country has significant mineral reserves. He extended his full support and offered the government’s good offices to facilitate Danish investment and technology transfer in Pakistan’s growing mining sector, according to the statement.
The ambassador reaffirmed Denmark’s support for Pakistan’s energy transition and industrial growth, and said they were looking forward to Pakistan Minerals Investment Forum.
“He noted that Danish companies are eager to share their expertise in green mining solutions, automation, and digitalization to help Pakistan achieve its economic and environmental objectives,” the PID said.
The meeting concluded with an agreement to facilitate further engagement between Pakistani stakeholders and Danish technology providers, with FLSmidth playing a pivotal role in advancing modern mining practices in Pakistan.


Islamabad expresses solidarity with Myanmar, Thailand after earthquake kills over 150

Updated 28 March 2025
Follow

Islamabad expresses solidarity with Myanmar, Thailand after earthquake kills over 150

  • The shallow 7.7-magnitude tremor hit Myanmar’s Sagaing on Friday afternoon and was followed minutes later by a 6.4-magnitude aftershock
  • The quake flattened buildings, downed bridges, and cracked roads across swathes of Myanmar, demolished a 30-story skyscraper in Bangkok

ISLAMABAD: Pakistan on Friday expressed solidarity with Myanmar and Thailand after a powerful earthquake killed more than 150 people and injured hundreds in the two Southeast Asian countries.
The shallow 7.7-magnitude tremor hit northwest of the city of Sagaing in central Myanmar in the early afternoon, and was followed minutes later by a 6.4-magnitude aftershock.
The quake flattened buildings, downed bridges, and cracked roads across swathes of Myanmar, and even demolished a 30-story skyscraper under construction hundreds of kilometers (miles) away in Bangkok.
The Foreign Office in Islamabad said the Pakistani people were saddened by the heartbreaking news of the devastating earthquake and their thoughts were with everyone impacted by this tragedy.
“We applaud the courageous individuals and emergency responders who are working diligently on the ground to deliver rescue and relief efforts. Their bravery and commitment during this urgent time are truly admirable,” it said.
“We express our solidarity with the governments and communities affected during this challenging period. May strength and resilience lead those impacted toward healing and recovery.”
While the full extent of the catastrophe is yet to emerge, the leader of isolated Myanmar, in the grip of a civil war, issued a rare plea for international aid.
Junta chief Min Aung Hlaing said 144 people had been killed, with 732 confirmed injured, but warned the toll was “likely to rise.” Eight deaths have been confirmed so far in Thailand, with more expected.
“In some places, some buildings collapsed,” he said in a televised speech. “I would like to invite any country, any organization, or anyone in Myanmar to come and help. Thank you.”
Across the border in Thailand, a 30-story skyscraper under construction collapsed to a tangled heap of rubble and dust in a matter of seconds.
Interior Minister Anutin Charnvirakul said eight dead bodies have been recovered and, with between 90 and 110 people unaccounted for, the toll is expected to rise.
“We see several dead bodies under the rubble. We will take time to bring the bodies out to avoid any further collapses,” he told reporters.
Earthquakes are relatively common in Myanmar, where six strong quakes of 7.0 magnitude or more struck between 1930 and 1956 near the Sagaing Fault, which runs north to south through the center of the country, according to the United States Geological Survey (USGS).
A powerful 6.8-magnitude earthquake in the ancient capital Bagan in central Myanmar killed three people in 2016, also toppling spires and crumbling temple walls at the tourist destination.


Pakistan PM calls for national unity to tackle militancy, economic issues

Updated 28 March 2025
Follow

Pakistan PM calls for national unity to tackle militancy, economic issues

  • The statement comes amid Pakistan’s efforts for economic recovery under a $7 billion IMF bailout program
  • The country is also battling twin insurgencies in its western provinces of Khyber Pakhtunkhwa and Balochistan

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday called for unity and harmony in the society to eradicate militancy and address the country’s economic issues.
The prime minister said this while addressing a National Youth and Ulema Convention in connection with Jumatul Wida in the federal capital of Islamabad.
The statement came amid the South Asian country’s efforts to recover from an economic meltdown under a $7 billion International Monetary Fund (IMF) bailout program secured last year.
Pakistan is also battling twin insurgencies: one led my religiously motivated groups, mainly the Tehreek-e-Taliban Pakistan (TTP), in Khyber Pakhtunkhwa and the other by ethno-nationalist Baloch separatist groups in Balochistan.
“Unfortunately, the society is being poisoned by disinformation and propaganda,” Sharif said. “We have a chance today as well to place our personal wishes and ego beneath Pakistan.”
According to the 2025 Global Terrorism Index (GTI), Pakistan is now the world’s second-most affected country by militant violence, with deaths rising 45 percent to 1,081 in 2024.
The 12th annual GTI report, published by Australian-based think tank Institute for Economics and Peace, ranked 163 countries in 2024, covering 99.7 percent of the world’s population and analyzing the impact of militant activities worldwide. Pakistan is second only to West African country Burkina Faso on the list.
Sharif emphasized that people from all walks of life, especially religious scholars, have the responsibility to play their role in ending internal divisions based on religious and ethnic divides.
“We have treasures worth billions present in our mountains,” he said. “Pakistan did not come into being so that we keep taking loans and live a life in debt.”
Sharif underscored the importance of setting aside personal desires and egos in the best interest of Pakistan, saying that Pakistan’s armed forces were making unparalleled sacrifices in the fight against militancy.
He urged the attendees to forge national unity, calling it the “only path to achieving a respectable position in the comity of nations.”


Mobile banking, e-wallets drive 12% growth in Pakistan digital payments

Updated 28 March 2025
Follow

Mobile banking, e-wallets drive 12% growth in Pakistan digital payments

  • Pakistan, home to one of the world’s largest unbanked populations, has undertaken several reforms to document and digitize economy
  • Retail transactions witnessed an 11% increase in volume from Oct. till Dec. 2024, with digital channels processing 88% of transactions

KARACHI: Pakistan witnessed a growth of 12% in the volume of retail digital payment transactions from Oct. till Dec. 2024 on a year-on-year basis, the Pakistani central bank said, attributing it to the largescale use of mobile banking and e-wallet services.
Retail transactions witnessed an 11% increase in volume, reaching 2,143 million, while the value of transactions increased by 12% to Rs154 trillion, according to the State Bank of Pakistan (SBP).
The growth in value was primarily driven by mobile banking app payments, and Internet banking payments, and over-the-counter (OTC) transactions at bank branches.
“Digital payment channels processed 88% of all retail transactions by volume, with mobile app-based banking playing a crucial role,” the SBP said in its quarterly report issued on Friday.
“These platforms which includes mobile banking apps, branchless banking (BB) wallets, and e-Money wallets, collectively processed 1,450 million transactions worth PKR 24 trillion, marking a 12% increase in volume and 28% increase in value.”
Pakistan, with a population of 240 million, is home to one of the world’s largest unbanked populations, with around 64% of its adult population having a bank account, according to central bank figures. The South Asian country has lately undertaken several reforms to document and digitize economy and broaden its tax base.
The number of users leveraging digital banking services also saw a steady rise in the second quarter of this fiscal year, according to the SBP.
“Mobile banking app users grew to 21 million (↑7%), e-Money and BB wallet users increased to 4.7 million (↑13%) and 64.3 million (↑7%) respectively, while Internet banking users reached 13.3 million (↑7%),” it said.
Digital e-commerce transactions increased by 30% in volume to 152 million, amounting Rs193 billion, up by 32%, according to central bank figures.
The SBP-operated Raast Instant Payment System processed 296 million transactions, while the Real-time Gross Settlement System (RTGS) registered a 19% increase in large-value transactions.
The central bank said Pakistan’s transition toward a digital economy was being driven by the SBP’s strategic initiatives and collaborative efforts of banks, fintechs, and payment service providers, and it was committed to further fostering financial inclusion and enhancing payment efficiency for individuals and businesses.


Top journalist body condemns ‘illegal visit’ of Pakistani journalists to Israel

Updated 28 March 2025
Follow

Top journalist body condemns ‘illegal visit’ of Pakistani journalists to Israel

  • Israeli media reported a 10-member Pakistani delegation this month visited Israel for a week
  • Karachi Press Club calls the visit an ‘effort to whitewash Israeli crimes,’ demands investigation

KARACHI: A top Pakistani journalist body on Friday condemned a recent visit by a group of local journalists and researchers to Israel, calling it an “effort to whitewash Israeli war crimes against Palestinians.”
A 10-member Pakistani delegation of journalists, intellectuals and influencers this month visited Israel for a week to learn about the Holocaust and the October 7, 2023 attacks by Hamas, according to Israeli media.
Pakistan does not have diplomatic relations with Israel and has consistently called for an independent Palestinian state based on “internationally agreed parameters” and pre-1967 borders.
In a statement on Friday, the Karachi Press Club's (KPC) joint action committee, which represents multiple journalist unions, said the Pakistani journalists who undertook the visit do not represent the “broader media community of Pakistan.”
“We stand firm in our unwavering support for the Palestinian cause and denounce any attempt to normalize relations with a regime engaged in systematic ethnic cleansing,” the committee said in a joint statement, citing KPC President Fazil Jamili.
“The journalists in Pakistan have always been at the forefront of highlighting the suffering of oppressed people, and we will not tolerate any actions that undermine this solidarity.”
Israel Hayom, a Hebrew-language Israeli newspaper, reported the Pakistani journalists and researchers, including two women, arrived in Israel this month and carried passports declaring their invalidity for travel to Israel.
“Despite this, they bravely accepted an invitation from Sharaka, an organization working to strengthen relations between Israel and South Asian countries,” the report said. “To protect the delegation members, their passports were not stamped, and publication of their visit was delayed until they returned safely home.”
In response to media reports about the visit, the Foreign Office in Islamabad said Pakistan’s position on Israel “remains unchanged.”
“Pakistani passports explicitly state they are ‘not valid for travel to Israel’,” it said.
“Pakistan does not recognize Israel and steadfastly supports the legitimate rights of the Palestinian people, including the establishment of an independent and sovereign Palestinian state based on pre-1967 borders.”
The KPC committee lamented that the visit, which occurred at a time when over 150 journalists have been killed by Israeli forces for exposing the truth, amounted to “complicity in Israel’s war crimes and genocide against the Palestinian people.”
It called for an immediate investigation into how these individuals were able to visit Israel.