ISLAMABAD: Pakistan’s Ambassador to Saudi Arabia Raja Ali Ejaz has said Pakistan can expect some “good news” regarding the release of Pakistani prisoners from Saudi jails in the month of Ramadan, the Pakistani Consulate General in Jeddah said on Thursday.
Pakistan’s information ministry had announced in February that Saudi Arabia’s Crown Prince Mohammed bin Salman had ordered the release of about 2,100 Pakistani prisoners from the kingdom’s jails during a high-profile visit to Islamabad. The announcement came after a request by Pakistani Prime Minister Imran Khan.
“Saudi Crown Prince’s announcement on release of Pakistani in Saudi jails is under process,” the Consulate General in Jeddahsaid in a statement emailed to Arab News. “In holy month of Ramadan, we expect some good news regarding this announcement.”
The release of thousands of Pakistani workers locked up in jails across the Middle East is at the top of the new government's agenda.
Huge numbers of Pakistanis travel to the Middle East every year, with many working on construction sites or as domestic helpers. The remittances they send back are vital for Pakistan’s dollar-starved economy.
The crown prince’s visit marked a deepening of ties between allies whose relationship has in the past centered on oil-rich Saudi Arabia backing Pakistan’s economy during difficult periods, and in return Pakistan’s powerful army lending support to Saudi Arabia and its royal family and military.
Saudi Arabia has in recent months helped keep Pakistan’s economy afloat by propping up rapidly dwindling foreign reserves with a $6 billion loan, giving it breathing room as it negotiates a bailout with the International Monetary Fund.
Pakistan showed appreciation by treating Crown Prince Mohammed’s trip as the biggest state visit since one by Chinese President Xi Jinping in 2015, soon after Beijing announced plans to invest tens of billions of dollars on infrastructure in Pakistan as part of China’s Belt and Road initiative.
At a welcome dinner in his honour held at a local hotel in Jeddah, Ambassador Ejaz described the crown prince’s Pakistan's visit as a “major success” that had “started a new era of Saudi Arabia and Pakistan relations.”
He said a number of agreements were signed during that visit, including one on the transfer of prisoners.
“Discussion on the Transfer of prisoner agreement is in process and once the agreement is signed, the prisoners will be able to complete the sentences in their respective countries,” the high commission’s statement quoted the ambassador as saying.
‘Good news’ soon on Pakistani prisoners’ release — envoy to Saudi Arabia
‘Good news’ soon on Pakistani prisoners’ release — envoy to Saudi Arabia
- Ambassador Raja Ali Ejaz says more prisoners expected to be released in Ramadan
- In February Crown Prince Mohammed ordered the immediate release of 2,107 Pakistani prisoners in Saudi jails
Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure
- Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
- Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone
KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.
The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said.
The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim.
“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said.
Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.
The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs.
Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said.
“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said.
The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital.
To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.
