Azad Kashmir looks for more Saudi investment in health sector

This undated file photo shows Azad Jammu and Kashmir President Masood Khan, left, with Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Malki. (SPA)
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Updated 07 May 2020
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Azad Kashmir looks for more Saudi investment in health sector

  • Azad Kashmir is the only part of Pakistan where no virus-related deaths have been reported
  • AJK president says region's universities seek collaboration with Saudi Arabia for medical expertise 

ISLAMABAD: Azad Jammu and Kashmir (AJK) is looking forward to Saudi Arabia's assistance in establishing an advanced health system, as it expects that coronavirus-related risks will linger long after the initial outbreak is quelled in Pakistan, AJK President Masood Khan told Arab News.

On May 2, Saudi Arabia's ambassador to Pakistan, Nawaf bin Saeed Al-Malki, on behalf of the Muslim World League (MWL) donated to the AJK government masks, sterilizers, test kits, and personal protective equipment to support the region's coronavirus response.

"Time and again, Saudi Arabia has helped Pakistan and Azad Kashmir in most crucial times, we are grateful to them," Khan said in an interview with Arab News on Tuesday.

"Saudi Arabia can help us a lot, it helped us in past in educational sector and we would welcome their investment in telemedicine, pharmaceutical and in biotechnology in Azad Kashmir," he said.

Although Pakistan has witnessed a sharp increase in the number of recorded coronavirus infections and fatalities, AJK is the only part of the country where no virus-related deaths have been reported. The region, inhabited by 4 million people, has fewer than 80 known COVID-19 cases.

Khan attributed these optimistic results to preparedness, which was boosted by Saudi Arabia's earlier investments in Azad Kashmir's health infrastructure. 

He said, however, that the current crisis is not a one-off event and even if the outbreak is contained soon, it is likely to return, for which Azad Kashmir needs to prepare, also in terms of medical expertise.

"We need a state-of-the-art health system and in that the Kingdom can help us ... Saudi universities have research capacity and our universities wish to collaborate with them," he said.

In October 2005, when a 7.6-magnitude earthquake ravaged Azad Kashmir and other parts of Pakistan, Saudi Arabia helped Pakistan rebuild and rehabilitate affected areas. It also financed the construction of King Abdullah University in Muzaffarabad, the capital of Azad Kashmir after the quake.


Kremlin welcomes US sanctions waiver says US and Russia share interest in stable energy markets

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Kremlin welcomes US sanctions waiver says US and Russia share interest in stable energy markets

DUBAI: Russia sees ​a U.S. sanctions waiver on its oil as ‌an ‌attempt ​by ‌Washington ⁠to stabilise ​global energy ⁠markets, and the two countries ⁠have a shared ‌interest ‌in ​this, ‌Kremlin ‌spokesman Dmitry Peskov said on Friday.

"We see ‌actions by the United States aimed ‌at trying to stabilise energy markets. In this respect, our interests coincide," he said.

US Treasury Secretary Scott Bessent announced a temporary authorisation allowing countries around the world to purchase Russian oil currently stranded at sea on Thursday extending a measure that had previously been granted only to Indian refiners.

Bessent stressed in a post on X that the authorisation would not provide significant financial benefit to the Russian government. 

“This narrowly tailored, short-term measure applies only to oil already in transit and will not provide significant financial benefit to the Russian government, which derives the majority of its energy revenue from taxes assessed at the point of extraction,” Bessent said on a post on X. 

However, the measure received mix reviews in European capitals, with many fearing it could help replenish Russia's assualt on Ukraine. 

"I am concerned that we are further filling Putin's war chest," German Economy Minister Katherina Reiche said in Berlin on Friday.

Reiche said that she saw both sides to the United States' decision to issue ‌a 30-day ‌waiver ​for ‌the purchase ⁠of ​Russian oil ⁠products, understanding the increasing ecnomic and political turnout from the oil crisis, particurlarly in South Korea and Japan. 

"It seems to me that domestic political pressure in the United ⁠States is very, ‌very ‌high," ​Reiche said.

German ​Chancellor Friedrich Merz was more direct, saying on Friday that it was ‌wrong to ‌ease ​sanctions against ‌Russia ⁠for ​whatever reason. The sentiment was echoed by Norway’s Prime Minister, who also said sanctions should not be eased. 

Oil prices held gains above $100 Friday and most equity markets dropped after Iran's leader called for the blocking of the crucial Strait of Hormuz and the opening up of new fronts in the war against the United States and Israel.

With the conflict heading towards its third week and showing no signs of ending, investors are growing increasingly worried about an extended crisis that could fan inflation and hammer the global economy.