pakistan saudi arabia
| | | |

Pakistan, Saudi Arabia eye historic economic partn…

ByJustpaste.in

Prime Minister Shehbaz Sharif has said Pakistan wants to transform its economic relations with Saudi Arabia into a long-term strategic economic partnership.

The prime minister made the remarks during a meeting with Prince Mansour, chairman of the Saudi-Pakistan Joint Business Council, who was accompanied by a high-level Saudi business delegation.

According to an official statement issued in Islamabad, Prime Minister Shehbaz conveyed his respect and best wishes for Saudi King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman.

The meeting focused on expanding economic cooperation and increasing investment between Pakistan and Saudi Arabia. Both sides discussed opportunities for stronger business-to-business and government-to-government collaboration.

Prince Mansour expressed interest in investment opportunities in several key sectors of Pakistan’s economy. These included agriculture, ports, highways and the outsourcing of airport operations.

The Saudi delegation also showed interest in investment opportunities in real estate, energy, power distribution and information technology.

Prime Minister Shehbaz said the time was right to strengthen joint cooperation between the two countries through both government and private-sector partnerships.

He stressed the importance of developing stronger economic and commercial ties with Saudi Arabia and creating opportunities for increased investment.

Prince Mansour reaffirmed the Saudi government and business community’s interest in expanding commercial links with Pakistan.

During their visit, the Saudi business delegation is scheduled to meet senior government officials as well as important representatives of Pakistan’s private sector.

The meetings are expected to explore potential investment projects and identify areas where Pakistani and Saudi companies can develop joint ventures.

Similar Posts

  • Thai Airways to Cut Multiple Domestic and International Flights in May as Fuel Costs Bite

    ByJustpaste.in

    BANGKOK — Thai Airways International Plc has notified ticket agents that it will significantly reduce flight frequencies in May 2026 across domestic routes and services to Asia and Europe, citing sharply higher fuel costs and softer passenger demand during the traditional low-season travel period. Rising Fuel Costs in Thailand Threaten to Push Grocery Prices Higher […]

  • |

    Pakistan win four medals at ITF World Championships

    ByJustpaste.in

    Pakistan’s tennis stars have delivered a memorable performance at the ITF Masters World Championships in Lisbon, Portugal, winning an impressive four medals and adding another chapter to the country’s international tennis story. The biggest highlight came from veteran tennis star Aisam-ul-Haq Qureshi, who successfully defended his world title in the 40+ mixed doubles category. Partnering Austria’s Nina Hermann, Qureshi defeated the top-seeded Portuguese pair in a closely fought final to retain the championship for a second consecutive year. The victory marked another significant milestone in Qureshi’s long and distinguished international career. His achievement also underlined his enduring competitiveness on the world stage, even after decades of representing Pakistan at major international events. Pakistan’s medal tally grew further in the men’s 45+ doubles category, where Qureshi and fellow veteran Aqeel Khan combined to secure a silver medal. Their run demonstrated the experience and consistency of Pakistan’s senior tennis players against strong international opposition. The national team also added another silver medal in the men’s 45+ World Team Championship, giving Pakistan a strong finish in the team competition. Aqeel Khan completed Pakistan’s four-medal haul by winning bronze in the 40+ mixed doubles event. His podium finish ensured that Pakistan’s campaign ended with medals across both individual and team competitions. The results in Lisbon are a significant boost for Pakistani tennis, particularly in the Masters categories, where experienced players continue to compete at the highest international level. Qureshi’s successful title defence stands out as the headline achievement, but the combined medal haul highlights the depth of experience within Pakistan’s veteran tennis ranks. With four medals secured, Pakistan’s performance in Lisbon offers a timely reminder that the country’s tennis talent continues to make its mark beyond the domestic circuit.

  • |

    SBP to maintain focus on price stability, reforms and sustainable economic growth

    ByJustpaste.in

    KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has said the central bank will continue to prioritise price stability, structural reforms and the creation of a business-friendly economic environment aimed at boosting productivity, exports and employment. Addressing a flag-hoisting ceremony held at the SBP headquarters in Karachi to mark Pakistan’s 79th Independence Day, Governor Ahmad said the country had made notable progress towards macroeconomic stability over the past year. He attributed the improvement to disciplined fiscal and monetary policies, better economic management and continued efforts to strengthen financial and economic institutions. Inflation remains within medium-term range Speaking about the inflation outlook, the SBP governor said average inflation during fiscal year 2025-26 stood at 7.1 percent. He said the central bank believed that the prevailing monetary policy stance was appropriate for keeping inflation within its medium-term target range of 5 to 7 percent. According to Ahmad, the current policy framework also provides sufficient space for economic activity to continue, while supporting investment and employment generation. The governor said maintaining price stability would remain a central objective of the SBP as Pakistan seeks to move from short-term stabilisation towards sustained economic expansion. Growth expected to strengthen Ahmad said Pakistan’s economy recorded growth of 3.7 percent in FY26, reflecting the impact of improved macroeconomic conditions and greater fiscal and monetary discipline. Looking ahead, he projected economic growth in the range of 3.5 to 4.5 percent during FY27. He described the outlook as encouraging, saying the economy was gradually moving towards a more sustainable growth path after going through a difficult period of economic stabilisation. The governor stressed that maintaining policy discipline would be important to ensure that the gains achieved in recent years translate into durable economic development. Remittances strengthen external position The SBP chief also highlighted improvements in Pakistan’s external sector, particularly the performance of workers’ remittances. He said overseas Pakistanis had demonstrated confidence in the country by sending record amounts of money home, with remittances surpassing $41 billion during FY26. The inflow is expected to increase further, with remittances projected to reach around $44 billion in FY27, according to the governor. Ahmad said stronger remittance inflows, combined with a relatively low current account deficit, had helped improve Pakistan’s foreign exchange position. The country’s foreign exchange reserves reached $18.4 billion by the end of FY26, while the SBP expects reserves to rise above $21 billion during FY27. He said strengthening the external position would help improve economic resilience and provide greater capacity to withstand external shocks. SBP pushes digital transformation The governor also outlined measures taken by the central bank to modernise Pakistan’s financial infrastructure and expand the use of digital payment channels. He pointed to the successful launch of PRISM+, saying the upgraded payment and settlement infrastructure had brought Pakistan’s large-value payment system closer to international standards. The system has improved the speed, security and efficiency of large-value payments and settlements, he said. Ahmad added that SBP initiatives aimed at encouraging digital payments had resulted in a substantial increase in the use of electronic channels. Retail digital transactions increased from approximately 10 billion to 12 billion over the past year, reflecting growing adoption of technology across the financial system. According to the governor, the shift towards digital payments is more than a technological development. It is also contributing to greater documentation, transparency and efficiency within the economy. Self-reliance and institutions vital for progress Governor Ahmad said Pakistan’s long-term economic success would depend not only on financial and monetary policies but also on stronger institutions, economic self-reliance, respect for the rule of law and national unity. He emphasised that the country’s journey towards sustainable development required continued commitment and collective efforts from institutions, businesses and citizens. While acknowledging the progress achieved during the past year, he cautioned that Pakistan continued to face economic challenges that required sustained attention, policy consistency and determination. He said the objective should now be to convert the gains from economic stabilisation into a durable foundation for investment, productivity, exports and employment. The governor reaffirmed that the SBP would continue playing its role in supporting monetary and financial stability while contributing to broader efforts aimed at improving the welfare of the Pakistani people.

  • | |

    PM Shehbaz Sharif says Pakistan used autonomous sy…

    ByJustpaste.in

    Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to strengthening national security through advanced technology, stating that the country’s armed forces relied on autonomous systems and cybersecurity capabilities to protect its borders during what he described as “Marka-e-Haq.” His remarks came while addressing the Indus Robotics and Autonomous Systems Expo in Islamabad. Speaking at the event, the Prime Minister said Pakistan is making significant progress in modern technology and innovation, adding that initiatives such as the robotics and autonomous systems exhibition will help position the country among leading technology-driven nations in the 21st century. Shehbaz Sharif emphasized that the use of advanced technologies in the security sector is a matter of national pride. He noted that Pakistan has achieved important milestones in the development of indigenous defense capabilities, particularly in drone technology. According to the Prime Minister, more than 60 percent of the country’s drone production is now being carried out locally, reflecting continued efforts to reduce reliance on foreign technology and strengthen domestic manufacturing. The Prime Minister also praised the leadership of Field Marshal Syed Asim Munir, saying the armed forces successfully adopted modern technological solutions during Marka-e-Haq. He acknowledged the contributions of the Chief of Air Staff and the Chief of Naval Staff, stating that their coordination and leadership played an important role in strengthening Pakistan’s defense preparedness. Highlighting the growing importance of digital security, Shehbaz Sharif said autonomous systems and cybersecurity have become essential components of modern warfare and national defense. He stressed that Pakistan will continue investing in emerging technologies to enhance its security capabilities and protect its sovereignty in an increasingly technology-driven world. The Prime Minister added that innovation in robotics, artificial intelligence, unmanned systems, and cyber defense is not only important for military preparedness but also for the country’s broader technological and economic development. He encouraged collaboration between government institutions, the private sector, and academic organizations to accelerate research and promote local innovation. The Indus Robotics and Autonomous Systems Expo showcased advancements in robotics, autonomous technologies, and indigenous defense solutions, highlighting Pakistan’s growing focus on technological self-reliance. Government officials believe such initiatives will help strengthen the country’s industrial base while supporting long-term national security objectives. Shehbaz Sharif concluded by reaffirming that Pakistan will continue to adopt modern technologies to safeguard its borders and enhance its defense capabilities, ensuring the country remains prepared to address evolving security challenges in the years ahead.

  • |

    Arshad Nadeem powers through to Commonwealth Games javelin final

    ByJustpaste.in

    Arshad Nadeem, Pakistan’s reigning Olympic champion, has punched his ticket to the men’s javelin throw final at the 2026 Commonwealth Games. He came through a tricky qualification round in Glasgow on Thursday to get there. Strong winds made life hard for every thrower in the field. None of them managed to reach the automatic qualifying distance of 84 metres, which made the round unusually unpredictable. Arshad, seen by many as a top medal contender, got things going with a throw of 78.63 metres on his first attempt. His second try was ruled a foul. He then closed out the round with a throw of 75.65 metres. That mark was not enough to hit the automatic cutoff, but it easily secured his place among the twelve finalists heading into Friday. Sri Lanka’s Rumesh Pathirage led all qualifiers with a throw of 82.84 metres. Anderson Peters of Grenada, the current world champion, was next best at 81.29 metres. Only two other athletes crossed the 80-metre line, South Africa’s Douw Smit, who reached 80.64 metres, and England’s Benjamin East, who managed 80.38 metres. India’s Neeraj Chopra, who has long been Arshad’s fiercest competitor, also booked his spot in the final. He started with a throw of 76.28 metres, then pushed further to 79.61 metres on his second attempt to confirm qualification. India actually secured three finalists in total. Rohit Yadav joined Chopra after throwing a best of 78.37 metres, while Yashveer Singh kept improving across his attempts and eventually settled for 78.36 metres. It was not such good news for Pakistan’s other entrant, Muhammad Yasir Sultan. He fouled his first throw, then followed up with attempts of 71.42 and 74.36 metres. Unfortunately, that wasn’t enough to carry him into the final. Friday’s javelin final is scheduled for 7:45 PM Pakistan Standard Time. Pakistan has a long history at the Commonwealth Games, having first competed back in 1954. Since then, the country has amassed 82 medals overall, including 27 gold, 27 silver, and 28 bronze. Its most successful campaign in recent memory came at the 2022 Birmingham Games. A 68-member Pakistani contingent took part across 12 sports and ultimately finished 18th in the medal table with eight medals. That edition also marked one of Arshad’s finest moments. He won javelin gold with a Games record throw of 90.18 metres, delivering Pakistan’s first athletics gold at the Commonwealth Games since 1962.

  • |

    Messi-less Inter Miami stunned by Monterrey in Leagues Cup

    ByJustpaste.in

    MIAMI: Inter Miami suffered a dramatic 2-1 defeat to Monterrey in the Leagues Cup on Saturday, with Lionel Messi absent as he travelled to Argentina following the death of his father, Jorge Messi. The match began with an emotional tribute to Messi’s father, who died at the age of 68. Both teams observed a minute of silence before kick-off, while Inter Miami expressed its support for their captain and his family. Despite missing their star player, Miami looked set for another positive result after Rodrigo De Paul opened the scoring in the 32nd minute. The Argentine midfielder celebrated in a particularly touching manner, removing his No. 7 shirt to reveal a No. 10 underneath as a tribute to Messi. The hosts carried their 1-0 advantage into half-time, but Monterrey quickly changed the momentum after the break. Belgian striker Hugo Cuypers equalised just two minutes into the second half, putting Miami under increasing pressure. The match appeared destined for a draw until Monterrey delivered a late blow. Uruguayan forward Diego Rossi struck in the 90th minute to complete Monterrey’s comeback and leave Inter Miami empty-handed. The defeat comes after Miami opened their Leagues Cup campaign with a convincing 4-2 victory over Atletico San Luis. The MLS champions will now look to respond when they face Leon on Wednesday. For Messi, however, football understandably took a back seat as he returned to Argentina to be with his family following his father’s death. The emotional night in Miami showed just how much the Argentine captain means to the club, both on and off the pitch.

Leave a Reply

Your email address will not be published. Required fields are marked *