ISLAMABAD: Ahead of Pakistan Prime Minister Imran Khan’s maiden visit to China on November 3, a private company said on Tuesday that it will launch a bus service connecting the two countries on the same date.
The North South Transport Network (NSTN) is undertaking the initiative under the flagship of the China-Pakistan Economic Corridor (CPEC) project.
The service, which commences on November 3, will be operational from Pakistan’s second largest city of Lahore to Kashgar in China. The journey itself is expected to clock 30 hours while providing a picturesque view of Pakistan's northern areas along the way.
While a one-way will cost commuters Rs13,000, a return ticket is priced at Rs23,000, according to state-run Radio Pakistan. According to the NSTN, passengers will be provided with meals, refreshment beverages, tea and snacks and free internet.
Pakistan and China are linked through a land route which is used for both trade and travel. In 2015, the two countries launched the CPEC, a flagship project worth $60 billion.
Both the countries maintain traditionally-close, cooperative and friendly ties in diverse fields. As part of his visit, PM Khan is expected to participate in the First China International Import Expo, in Shanghai, where Pakistan is exhibiting a wide range of export products.
Pakistan-China bus service to start from November
Pakistan-China bus service to start from November
- Luxury transport facility will take commuters from Lahore to Kashgar
- PM Khan to embark on his first trip to Beijing in less than a week
Pakistan eye third victory in Azlan Shah hockey tournament against Japan today
- Pakistan beat hosts Malaysia and South Korea 5-4, 4-0 respectively last week
- 30th edition of Sultan Azlan Shah Cup is being played in Malaysia from May 4-11
ISLAMABAD: The Pakistan men’s field hockey team will face Japan today, Tuesday, in the Sultan Azlan Shah Cup clash in Ipoh, state-run media reported, as the green shirts eye a third victory in the tournament.
Pakistan have already won the two matches they have played in the tournament so far against hosts Malaysia, and South Korea. Pakistan beat a strong Malaysian side 5-4 on Saturday to win their opening contest of the cup before thrashing South Korea 4-0 on Sunday.
“In the 30th Sultan Azlan Shah Hockey Cup, Pakistan in their third match will play against Japan at Ipoh in Malaysia today,” state-run Radio Pakistan reported, adding that the match is scheduled to begin at 3:30 p.m.
Pakistani players Abdul Hanan Shahid, Arshad Liaqat, Ghazanfar Ali and Sufiyan Khan scored goals against South Korea to ensure the national team dominated the match on Sunday. Pakistan’s defense did an impressive job to contain the Korean hockey team, thwarting their efforts to score a single goal.
The 30th edition of the prestigious field hockey tournament is being played in Ipoh, Malaysia from 4-11 May. The cup will be contested between six teams, namely Canada, Japan, Malaysia, New Zealand, Pakistan and Korea.
The Sultan Azlan Shah Cup 2024 will see a round-robin stage at first where all six participating teams will play against each other once, followed by positional playoffs.
The teams finishing in the bottom two places of the league stage will contest in a fifth-place classification match. Teams finishing in third and fourth place in the pool stage will compete for bronze, while the top two teams will play in the final for the title.
All participating teams, except Japan, will be heading to Gniezno in Poland shortly after the tournament to participate in the FIH Hockey Men’s Nations Cup. There the title and an opportunity to be promoted to the FIH Hockey Pro League will be at stake.
Pakistan Cricket Board launches national team’s kit for T20 World Cup 2024
- Pakistan will take part in T20 World Cup 2024 scheduled to kick off in United States on June 2
- Green shirts will play separate T20I series against Ireland, England this month to prepare for mega event
ISLAMABAD: The Pakistan Cricket Board (PCB) this week launched the national team’s kit for the upcoming T20 World Cup 2024, scheduled to kick off next month in the United States and West Indies.
Cricket boards launch their national team’s kit before mega tournaments such as the World Cup. At a ceremony held in Pakistan’s eastern city of Lahore on Monday night, PCB Chairman Mohsin Naqvi launched the Pakistan team’s “Matrix Jersey” at the Qaddafi Stadium.
“Unveiled the new kit of Pakistan Cricket team!” Naqvi wrote on social media platform X. “Team Pakistan’s Green Matrix jersey is more than just a uniform; it’s a symbol of unity, representing every culture, and individual that makes up the rich fabric of our nation.”
The PCB chairman uploaded a video with his post in which star cricketers Babar Azam, Muhammad Rizwan, Shaheen Shah Afridi and Naseem Shah can be seen with the PCB chairman checking out the new jerseys.
Skipper Azam and his squad have left for Dubai from where they will travel to Ireland and England to play two separate T20I series. Pakistan will play three T20Is against Ireland in Dublin from May 12-14 before they take on 2022 World Champions England from May 22-30 in a four-match series.
The series will be an important one for Pakistan as the team prepares for the T20 World Cup scheduled to kick off from June 2 in the US and West Indies.
Pakistan have a strong bowling line-up in the form of fast bowler Mohammad Amir, who played in two T20s against New Zealand after ending his retirement, Shaheen Shah Afridi, Naseem Shah and Abbas Afridi.
Under Babar, Pakistan has done well in the last two T20 World Cups, reaching the semifinals in 2021 at the United Arab Emirates and losing to England in the final at the 2022 tournament in Australia.
Naqvi has promised a cash award of $100,000 to every player if the team wins the tournament.
Saudi, Pakistani investors to continue talks today on day two of investment conference
- High-level Saudi business delegation arrived in Pakistan on Sunday to attend two-day investment conference
- Pakistan, Saudi Arabia have been working closely in recent weeks to increase bilateral trade, investment deals
ISLAMABAD: Pakistani government officials and investors are expected to continue discussions with a high-level Saudi business delegation on enhancing economic cooperation between the two countries today, Tuesday, on the second day of the Pakistan-Saudi Arabia investment conference.
A 50-member delegation, led by the Kingdom’s Assistant Minister of Investment Ibrahim Al-Mubarak, arrived in Pakistan on Sunday to attend a two-day investment conference, with representatives of some 30 Saudi firms from the fields of IT, telecom, energy, aviation, construction, mining exploration, agriculture and human resource development.
Pakistan and Saudi Arabia have been working closely in recent weeks to increase bilateral trade and investment deals, with Crown Prince Mohammed bin Salman last month reaffirming the Kingdom’s commitment to expedite an investment package of $5 billion.
Prime Minister Shehbaz Sharif said on Monday night that the two countries would sign “solid agreements” worth billions of dollars, saying his government was ready to remove hurdles in the way of speedy development of projects.
“That time is coming very fast, when we will, God willing, witness agreements, solid agreements worth billions of dollars. That will set the ball rolling,” Sharif said at a dinner hosted in honor of the visiting Saudi delegation.
Al-Mubarak described Pakistan as a “strategic” partner and friend of the Kingdom.
“The relationship with Pakistan has always been strong, but we look for it to be even stronger, and we can do great things together. I am sure we can achieve both countries’ aspirations and visions,” he said.
The Saudi business delegation’s visit comes on the heels of one by Sharif to Riyadh from Apr. 27-30 to attend a special two-day meeting of the World Economic Forum (WEF).
On the sidelines of the WEF conference, the Pakistani PM met and discussed bilateral investment and economic partnerships with the crown prince and the Saudi ministers of finance, industries, investment, energy, climate, and economy and planning, the adviser of the Saudi-Pakistan Supreme Coordination Council and the presidents of the Saudi central bank and Islamic Development Bank.
This was Sharif’s second meeting with the crown prince in a month. Before that, he also met him when he traveled to the Kingdom on April 6-8. The Saudi foreign minister was also in Pakistan last month, a trip during which Pakistan pitched projects worth at least $20 billion to Riyadh, according to the Pakistani foreign ministry.
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 a top source of remittances to the cash-strapped South Asian country.
Cash-strapped Pakistan desperately requires foreign investment as it tries to navigate an economic crisis that has resulted in a chronic balance of payments crisis for the country.
IT minister urges Saudi tech firm officials visiting Islamabad to explore opportunities in Pakistan
- Officials of several Saudi tech firms are part of the Kingdom’s high-level delegation visiting Pakistan
- The visit comes amid Pakistan, Saudi Arabia’s efforts to increase bilateral trade and investment deals
ISLAMABAD: Pakistan’s State Minister for Information Technology (IT) Shaza Fatima Khawaja on Monday met with representatives of Saudi Arabian IT firms, who are currently visiting Pakistan, and urged them to explore investment opportunities in Pakistan’s IT and telecom sector, the Pakistani IT ministry said.
These IT professionals are part of a high-level Saudi delegation, led by the Kingdom’s Assistant Minister of Investment Ibrahim Al-Mubarak, which arrived in Pakistan on Sunday.
“We are dedicated to offering a stable and supportive framework,” Khawaja told the Saudi delegates. “We encourage all Saudi companies to explore opportunities for partnerships and joint ventures.”
She urged the Saudi delegates to capitalize on the synergies between Pakistan’s technical proficiency and the access to the Saudi market, accompanied by the potential for valuable investments.
Pakistan and Saudi Arabia have been closely working in recent weeks to increase bilateral trade and investment deals, with Crown Prince Mohammed bin Salman last month reaffirming the Kingdom’s commitment to expedite an investment package of $5 billion.
Also on Monday, the Saudi assistant minister of investment said Pakistan was a “high-priority economic investment and business opportunity” for Saudi Arabia. He was addressing a two-day Pakistan-Saudi Arabia investment conference in Islamabad, with a focus on business-to-business engagements.
“To the Saudi government and Saudi companies, Pakistan is considered a high-priority economic investment and business opportunity,” he said. “We believe in the great potential of Pakistan’s economy, demographics and talent as well as location and natural resources.”
The Saudi business delegation’s visit comes more than a week after Prime Minister Shehbaz Sharif visited Riyadh to attend a special two-day meeting of the World Economic Forum, where he met top Saudi officials on the sidelines.
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 a top source of remittances to the cash-strapped South Asian country.
Saudi Manara Minerals’ team in Pakistan for talks on Reko Diq mine stake, document shows
- Reko Diq in southwestern Pakistan is considered one of world’s largest underdeveloped copper-gold areas
- Manara officials are part of large delegation of Saudi investors, companies that arrived in Islamabad on Sunday
ISLAMABAD: Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in Pakistan’s Reko Diq gold and copper mine, a Pakistan government document showed on Monday.
The mine, located in Pakistan’s restive southwestern Balochistan province, is considered one of the world’s largest underdeveloped copper-gold areas by global mining company Barrick Gold Corp, which owns the project jointly with Pakistan.
The Manara officials are part of a large delegation of Saudi investors and companies that arrived in Islamabad on Sunday, according to a document seen by Reuters listing officials in the delegation.
The document listed Manara Minerals’ general manager as wanting to “continue the negotiations on the Reko Diq project.”
Barrick has said it will invest up to $10 billion to develop the project.
Manara Minerals, a joint venture between state-owned Saudi miner Ma’aden and Saudi Arabia’s Public Investment Fund (PIF), declined to comment.
Pakistan’s Petroleum Minister Musadik Malik and Commerce Minister Jam Kamal said on Monday that the Saudi delegation, representing three dozen investors and companies, will meet Pakistani companies to explore investment in sectors including agriculture, mining, aviation and livestock.
They did not name the Saudi companies.
Manara’s acting CEO Robert Wilt told Reuters in an interview in January that the company was in talks to potentially buy a stake in the Reko Diq mine.
Bloomberg has reported that Manara was initially interested in investing $1 billion to take a minority share in the copper mine.
Malik, the petroleum minister, who was also appointed by Prime Minister Shehbaz Sharif as a focal person for Saudi investments, did not respond to a Reuters request for a comment.
The Saudi delegation’s trip to Islamabad follows Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah’s visit to Islamabad last month, when he was briefed by Pakistani authorities on various avenues to invest in the country.
Pakistan, which is trying to navigate a path to economic recovery after securing an IMF bailout, desperately needs foreign investment to help fight a chronic balance of payments crisis.
