King Salman holds bilateral talks with Alvi

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Saudi Arabia’s King Salman receives Pakistan's President Arif Alvi in Riyadh on Wednesday. (Photo courtesy: President's Office)
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Pakistan's President Arif Alvi with the governor of Riyadh, Prince Faisal bin Bandar. Pakistan’s Minister for Religious Affairs, Noor ul Haq Qadri with President Arif Alvi in Madinah. (Photo courtesy: President's Office)
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Governor Riyadh, Prince Faisal bin Bandar received Pakistan's President Alvi at the airport. (Photo courtesy: President's Office)
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Pakistan’s Minister for Religious Affairs, Noor ul Haq Qadri with President Arif Alvi in Madinah. (Photo courtesy: President's Office)
Updated 12 December 2018
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King Salman holds bilateral talks with Alvi

  • Both leaders reviewed matters of mutual interest, including trade ties and investment opportunities
  • President welcomed Kingdom's initiative to increase Pakistani pilgrims' quota to 5,000

ISLAMABAD: Saudi Arabia’s King Salman bin Abdulaziz received Pakistan's President Arif Alvi at the Yamama palace in Riyadh on Wednesday, a statement released by the president’s office read.
During the meeting, the two leaders discussed matters of mutual interest, bilateral ties, trade, investment, and economic relations.
Pakistan’s acting ambassador in Riyadh, Zeeshan Ahmed, and consul general in Jeddah, Sheheryar Akbar Khan also accompanied the president in the meeting.
President Alvi was received by the governor of Riyadh, Prince Faisal bin Bandar when he arrived in the capital from Madinah.
The president reached Saudi Arabia on Sunday to perform Umrah, marking his first visit to the Kingdom since assuming office in September this year.
Saudi Ambassador to Pakistan, Nawaf bin Saeed Al-Malki also accompanied the president on his journey.

Meanwhile, Pakistan’s Press Information Department (PID) tweeted on Wednesday that the Minister for Religious Affairs, Noor ul Haq Qadri -- who is also in Saudi Arabia to perform Umrah -- met with President Alvi in Madinah and briefed him about the ongoing talks with the Saudi authorities pertaining to the Hajj agreements.
“President welcomed additional 5,000 quota for Pakistani pilgrims granted by Saudi govt,” a statement released by the PID read.
On Monday, both Pakistan and Saudi Arabia signed an agreement to increase the annual Hajj quota for Pakistan in 2019.
Targeting an increase of 5,000 pilgrims next year, authorities said nearly 184,210 Pakistanis will be able to perform Hajj.
Pakistan and Saudi Arabia enjoy close bilateral relations, with historic trade ties and religious affinity providing a strong basis of trust between the two countries.


Pakistan expands crypto engagement with appearance at Mar-a-Lago finance forum

Updated 19 February 2026
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Pakistan expands crypto engagement with appearance at Mar-a-Lago finance forum

  • Pakistan Virtual Assets Regulatory Authority Chairman Bilal bin Saqib attends World Liberty Financial event at Trump’s Mar-a-Lago estate
  • Discussions focused on future of global financial infrastructure, digital assets, stablecoins, capital markets innovation, says Saqib’s office 

ISLAMABAD: Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman and Minister of State Bilal bin Saqib joined global finance leaders at an event hosted by World Liberty Financial, a crypto venture linked to US President Donald Trump’s family, Saqib’s office said on Thursday. 

The event was hosted by World Liberty Financial, a crypto-based finance platform launched in September 2024 linked to Trump’s family. According to Saqib’s office, the gathering was held at Mar-a-Lago, the private estate and club owned by Trump in Florida. 

Speakers and attendees at the event included David Solomon, chairman and CEO of Goldman Sachs, Adena Friedman, chairperson and CEO of Nasdaq as well as Lynn Martin, president of the New York Stock Exchange, Saqib’s office said. The event was organized and hosted by Eric Trump and American businesspersons Zach Witkoff and Alex Witkoff. 

“Discussions focused on the future of global financial infrastructure, digital assets, stablecoins, capital markets innovation and the evolving relationship between regulation and emerging financial technologies,” the statement said. 

It said Saqib’s attendance at the event reflected Pakistan’s growing engagement with global discussions shaping the next phase of financial and technological transformation.

“As Pakistan moves toward modernizing its financial infrastructure and strengthening its position in the global digital economy, such high-level engagements signal increasing international recognition of the country’s regulatory direction and leadership,” the statement added. 

Last month, Pakistan signed a memorandum of understanding with a company affiliated with World Liberty Financial to explore the use of a dollar-linked stablecoin for cross-border payments.

Pakistan has stepped up efforts recently to regulate its digital asset sector and is exploring digital currency initiatives as part of broader measures to reduce cash usage.