Saudi envoy meets head of major Pakistani religious party

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman meets Nawaf bin Said Al-Malki, Ambassador of Saudi Arabia, at the Saudi embassy in Pakistan on April 22, 2019 in Islamabad – (Photo by Saudi Embassy)
Updated 23 April 2019
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Saudi envoy meets head of major Pakistani religious party

  • Maulana Fazlur Rehman appreciates deep rooted bilateral ties
  • Saudi envoy says Kingdom values relationship with Pakistan

ISLAMABAD: The chief of one of Pakistan’s largest religious parties, the Jamiat Ulema-e-Islam-Fazl (JUI-F), met the Saudi ambassador to Islamabad on Tuesday, the embassy said, and discussed ways to boost bilateral ties between the two nations.

Maulana Fazlur Rehman met with Nawaf bin Said Al-Malki, the ambassador of Saudi Arabia in Pakistan, at the ambassador’s office on Monday, the embassy said on Twitter.
According to the state Saudi Press Agency (SPA), Maulana Fazlur Rehman lauded deep-rooted brotherly rties between Pakistan and Saudi Arabia while Ambassador Al-Malki said the Kingdom attached great importance to its relationship with Pakistan.
Earlier this month Sheikh Abdullah Awad Al-Juhani, an imam at the Grand Mosque in Makkah, visited Pakistan and met with the country’s top political and military leaders as well as religious clerics.


What is pulling Pakistan’s currency six feet under?

Updated 23 May 2019
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What is pulling Pakistan’s currency six feet under?

  • Arab News hits the money trade markets to ask what factors are pushing the rupee down
  • Traders, businessmen, and citizens in a state of panic triggered by a dollar frenzy

ISLAMABAD: Pakistan’s rupee reached a new record low this week, selling at 153 against the dollar in the interbank market on Monday, continuing a slide that saw it lose more than 5 percent last week in the wake of a $6 billion loan accord with the International Monetary Fund.
Almost ten days after the new IMF accord, money traders are still uncertain which direction Pakistan’s currency will move. Some expect it will eventually stabilze while others are pessimistic about its future. But most traders, businessmen, and citizens across the country remain in a state of panic triggered by the dollar frenzy. 
Arab News hit the money trade markets in Islamabad to gauge the gravity of the situation and explore prime factors pulling Pakistan’s currency six feet under.