Pakistan, Saudi Arabia reaffirm commitment to expedite $5 billion investment package

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Pakistani commuters drive their vehicles under a banner welcoming Saudi Arabian Crown Prince Mohammed bin Salman displayed on a bridge, ahead of his arrival, in Islamabad on February 15, 2019. (AFP/File)
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Saudi Crown Prince Mohammed bin Salman (center) meets Pakistan's Prime Minister Shehbaz Sharif (left) 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)
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Updated 09 April 2024
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Pakistan, Saudi Arabia reaffirm commitment to expedite $5 billion investment package

  • The development occurs at a meeting between PM Shehbaz Sharif, Crown Prince Mohammed bin Salman
  • Both sides stress the importance of a dialogue between Pakistan and India to ‘resolve outstanding issues’

ISLAMABAD: Pakistan and Saudi Arabia have reaffirmed their commitment to expedite an investment package worth $5 billion discussed previously, the Pakistan foreign office said on Monday, a day after Prime Minister Shehbaz Sharif met with Saudi Crown Prince Mohammed bin Salman.

The prime minister met the Saudi crown prince at the Al-Safa Palace in Makkah Al-Mukarramah on Sunday, according to a joint statement issued by the Pakistani foreign ministry.

During the meeting, the crown prince extended his congratulations to PM Sharif on assuming office, while the Pakistan PM, in turn, conveyed gratitude for the Kingdom’s steadfast support and hospitality.

“The discussions centered on fortifying the fraternal relations between the two brotherly nations and exploring avenues for enhanced collaboration across various sectors,” the joint statement read.

“Emphasis was placed on the Kingdom’s supportive role in Pakistan’s economy and the mutual desire to strengthen trade and investment ties. Both parties affirmed their commitment to expediting the first wave of investment package worth $ 5 billion which was discussed previously.”

Cash-strapped Pakistan desperately needs to shore up its current account deficit and signal to the International Monetary Fund (IMF) that it can continue to meet requirements for foreign financing that has been a key demand in previous bailout packages.

The prime minister invited the crown prince to undertake an official visit to Pakistan at the earliest convenience which was accepted by the Crown Prince Mohammed bin Salman, according to the statement.

Both leaders exchanged views on regional and global developments of mutual interest, including the worrying situation in Gaza.

“They urged for international efforts to halt Israeli military operations in Gaza, mitigate humanitarian impact and underscored the imperative for the international community to pressure Israel to cease hostilities, adhere to international law, and facilitate unhindered humanitarian aid access to Gaza,” it read.

“They discussed the need for advancing the peace process in accordance with relevant resolutions of the Security Council and the General Assembly as well as the Arab Peace Initiative aimed at finding a just and comprehensive solution, for the establishment of an independent Palestinian state with East Jerusalem as its capital.”

The two sides also stressed the importance of dialogue between Pakistan and India to “resolve the outstanding issues between the two countries, especially the Jammu and Kashmir dispute to ensure peace and stability in the region,” according to the joint statement.

The disputed Himalayan region of Kashmir is claimed in full, though ruled in part by both India and Pakistan since independence from Britain in 1947, with the neighbors having fought two of their three wars over it.

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 was 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 also invited to an iftar by the Saudi crown prince.

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.


Pakistan PM calls for AI integration to strengthen faceless customs system in Karachi

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Pakistan PM calls for AI integration to strengthen faceless customs system in Karachi

  • Sharif inaugurated the system Wednesday to increase transparency, minimize human interaction
  • The initiative also aims at digitizing the tax collection system and reduce clearance time at the port

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday stressed the importance of utilizing artificial intelligence to further enhance the newly installed Faceless Customs Assessment System at Karachi Port, a move aimed at improving transparency and efficiency in customs operations.
Sharif inaugurated the system, installed by the Federal Board of Revenue (FBR), Pakistan’s tax collection agency, during a daylong visit to the southern metropolis on Wednesday.
Launched as a pilot project in December 2024, the system seeks to streamline customs clearance by minimizing human interaction, reducing clearance times and improving trade facilitation.
The prime minister met with the chief collector of customs in Karachi Zone, Jameel Nasir, praising him and his team for their efforts in implementing the system.
“The Faceless Customs Assessment System has significantly improved transparency, efficiency and service delivery in customs operations,” Sharif was quoted as saying in a statement released by his office following the meeting.
The statement added that he “emphasized the need to incorporate advanced technologies, particularly artificial intelligence, to make the system world-class and foolproof.”
The initiative marks a step in the government’s broader strategy to digitize its tax collection, a key condition set by the International Monetary Fund (IMF) as part of its $7 billion loan program.
The government plans to expand the system to other ports and border stations across the country in the coming months.
The prime minister announced a reward of Rs15 million ($54,000) for Nasir and his team, acknowledging their dedication to the project.
“This system is a major milestone and will play a crucial role in Pakistan’s economic development,” he continued, adding that it aligned with the government’s vision of fostering a business- and investor-friendly environment.
Pakistan has been actively working to modernize its port facilities to transform the country into a transit trade hub.
The government has also extended an invitation to landlocked Central Asian nations to use its ports for access to global sea lanes, a move expected to enhance regional trade connectivity.


Islam places no restrictions on girls’ education, MWL chief tells conference in Pakistan

Updated 11 January 2025
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Islam places no restrictions on girls’ education, MWL chief tells conference in Pakistan

  • Sheikh Abdul Kareem Al-Issa says anyone opposing girls’ education is deviating from global Muslim community
  • Top Muslim World League official says Muslim women always enjoyed significant presence in all spheres of life

ISLAMABAD: Islam places no restrictive conditions on girls’ education, and anyone opposing it is deviating from the global Muslim community, Sheikh Muhammad bin Abdul Kareem Al-Issa, Secretary General of the Muslim World League (MWL), said on Saturday at an international conference in Pakistan focusing on the issue.
Muslim communities have often faced criticism for not providing sufficient opportunities to women in fields like education, though many of their countries have made significant strides in promoting women’s participation across various fields.
The issue of girls’ education has drawn heightened attention recently, particularly after Afghanistan’s interim administration, led by the Taliban, imposed restrictions on girls’ education, including shutting down secondary schools and barring women from attending universities.
The two-day conference, co-hosted by Pakistan and the MWL, comes at a time when global leaders, organizations and activists have urged the Taliban to reverse their policies. The conference aims to address the issue by signing a consensus “Islamabad Declaration,” reaffirming that Islam does not prohibit women’s education in any way.
“Our Islamic faith has always celebrated the education of every Muslim, both male and female, because the message of Islam was to enlighten all, regardless of gender,” Al-Issa told participants. “Therefore, Muslim women in Islam had a significant and active presence in all spheres of life — in religious matters and in the sciences, politics, economics and societal affairs throughout history.”
The MWL chief said any reservations toward girls’ education must be understood as stemming from non-Islamic customs that have no basis in the Muslim faith.
“Those who deviate from this Islamic consensus are deviating from the ummah [community of believers],” he said, adding, “The Prophet Muhammad, Peace Be Upon Him, warned that whoever desires the best place in paradise must stick to the community.”
The global summit, which aims to find ways to advance girls’ education across the Muslim world, has brought together over 150 dignitaries from 44 Muslim and other friendly states, according to the foreign office of Pakistan.
Al-Issa noted all participants of the gathering unanimously agreed on the need for girls’ education.
“They are all here to say with one voice that Islam is innocent of depriving women of education in any field and at any level of education,” he added.
The MWL chief arrived in Pakistan a day earlier and held separate meetings with high-ranking officials, including Prime Minister Shehbaz Sharif, the keynote speaker at the conference’s inaugural session.


New-look Pakistan squad announced for West Indies Test series

Updated 11 January 2025
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New-look Pakistan squad announced for West Indies Test series

  • Pakistan will host West Indies for the first time in 19 years, with both Tests held in Multan
  • Shan Masood is retained as skipper despite Pakistan losing both the Tests in South Africa

ISLAMABAD: Pakistan selectors Saturday recalled opener Imam-ul-Haq in a new look squad for the two-match Test series against the West Indies starting next week.
The 29-year old Imam has played 24 Tests for Pakistan but was dropped over poor form after a 3-0 defeat in Australia early last year.
The selectors have also named three uncapped players in opener Muhammad Hurraira, wicketkeeper Rohail Nazir and pacer Kashif Ali on the back of their good performances in domestic matches.
Pakistan will host the visitors for the first time in 19 years, with both Tests held in Multan, starting from January 17 and January 25.
Shan Masood is retained as skipper despite Pakistan losing both the Tests in South Africa last week.
Besides Masood, Saud Shakeel (vice-captain), Babar Azam, Kamran Ghulam, Khurram Shahzad, Mohammad Rizwan, Noman Ali, and Salman Ali Agha kept their places from the South Africa series.
Off-spinner Sajid Khan and mystery spinner Abrar Ahmed have been recalled to partner with left-arm spinner Noman Ali.
Noman and Sajid took 29 wickets in Pakistan’s 2-1 win over England last year.
Injured opener Saim Ayub is also left out of the Pakistan squad for the West Indies Tests.
Squad: Shan Masood (captain), Saud Shakeel (vice-captain), Abrar Ahmed, Babar Azam, Imam-ul-Haq, Kamran Ghulam, Kashif Ali, Khurram Shahzad, Mohammad Ali, Muhammad Hurraira, Mohammad Rizwan, Noman Ali, Rohail Nazir, Sajid Khan, Salman Ali Agha.


Efforts underway to free atomic energy workers held by Pakistani Taliban — police

Updated 11 January 2025
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Efforts underway to free atomic energy workers held by Pakistani Taliban — police

  • TTP kidnapped more than a dozen Pakistan Atomic Energy Commission workers from Lakki Marwat this week
  • Police say the militant network has presented demands that are being evaluated by officials and tribal elders

PESHAWAR/KARCHI: Police in northwestern Khyber Pakhtunkhwa province said on Saturday efforts were being made to secure the safe release of kidnapped workers of the Pakistan Atomic Energy Commission (PAEC) after a banned militant network released a video featuring some of them while listing demands for their release.
The Pakistani Taliban kidnapped more than a dozen workers of the sensitive government agency responsible for nuclear energy projects from the volatile Lakki Marwat district on Thursday.
Eight of them were later released through joint efforts by tribal elders amid a search operation conducted by police and security forces in the dense forest area where the militants had reportedly taken them.
While the government did not issue a statement on the incident, Shahid Marwat, a police spokesperson in the district, confirmed that a group of nearly 18 “civilians” working on “atomic and mining projects” had been kidnapped by armed gunmen. The militants later shared their credentials on social media, identifying them as PAEC employees.
Speaking to Arab News on Saturday, Marwat said the militants had made demands for the release of the abductees, adding that local elders and officials from security forces and the district administration were holding meetings to ensure their safe release.
“Local elders and police and security officials are evaluating the kidnappers’ demands,” he said. “Efforts are on to secure their safe release at the earliest. So far, officials are busy tackling the issue through negotiations.”
Asked if the video released by the Pakistani Taliban, also known as the Tehreek-e-Taliban Pakistan (TTP), featured the kidnapped PAEC workers, he responded affirmatively.
In the video, a man flanked by two others mentions the date, saying: “Today, it is 11th January 2025; this is our third consecutive day in the [Pakistani] Taliban captivity.”
“Day before yesterday, reports emerged that the mujahideen [freedom fighters] had released ‘these people,’ while the reality is that even right now, 10 of us are in their custody.”
He then read out the TTP demands, requesting the government to “immediately” accept them.
The demands included the release of militants arrested in Lakki Marwat, the release of families of militants allegedly in government custody, a commitment not to demolish the homes of militants and their relatives in the future, and compensation for the homes already demolished.
Lakki Marwat is situated on the edge of Pakistan’s northwestern tribal districts bordering Afghanistan, where the TTP has frequently targeted security force convoys and check-posts, in addition to engaging in targeted killings and kidnappings of law enforcers and government officials in recent months.


Pakistan’s religious affairs minister meets Egypt’s grand mufti, stresses need for interfaith dialogue

Updated 11 January 2025
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Pakistan’s religious affairs minister meets Egypt’s grand mufti, stresses need for interfaith dialogue

  • Both officials seek eradication of militant violence and sectarianism for the establishment of peace
  • They also agree that the two countries should focus on enhancing economic, trade and cultural ties

ISLAMABAD: Federal Minister for Religious Affairs Chaudhary Salik Hussain on Saturday called for interfaith and intercultural dialogue to address growing intolerance worldwide and the challenges posed by militancy in Muslim states during a meeting with Egypt’s Grand Mufti, Dr. Nazir Mohamed Ayad.
Pakistan has made a conscious effort to promote religious pluralism and faith-based tourism in recent years, welcoming Buddhist monks as well as Hindu and Sikh devotees from India and beyond. However, the country continues to grapple with significant challenges, as religious minorities often complain of discrimination and marginalization.
The Pakistani minister’s meeting with Egypt’s grand mufti in Islamabad also sought the “eradication of terrorism, sectarianism, and the establishment of peace,” according to a statement released by the ministry.
“In light of the challenges and circumstances that Muslim countries are currently facing, there is a need to promote religious harmony, tolerance, and unity,” it continued. “There is an urgent need for dialogue between religions and cultures to establish peace in the world. An attitude of tolerance and respect is an essential component of Islamic teachings.”
Both sides agreed to strengthen bilateral cooperation to foster religious harmony, peace, and tolerance globally. They also decided to enhance economic, trade, and cultural ties.
The grand mufti highlighted the Muslim world’s struggles against militant violence, suggesting joint efforts to combat extremism.
He reiterated his country’s plan to establish a campus of Al-Azhar University, one of the world’s oldest centers of Islamic education, in Pakistan.
He also proposed that Pakistani scholars visit Egypt to benefit from the institution’s teachings and expertise.