DiplomaticQuarter: Pakistan ambassador to Riyadh reveals plan to promote trade ties

Pakistan Ambassador Raja Ali Ejaz meets Saudi and Pakistani investors in an effort to strengthen trade relations between the two countries. (Supplied)
Short Url
Updated 13 August 2020
Follow

DiplomaticQuarter: Pakistan ambassador to Riyadh reveals plan to promote trade ties

RIYADH: The Pakistan Embassy in Riyadh has met with Saudi and Pakistani investors in an effort to strengthen trade relations between the two countries.
“The Pakistan Embassy convened a business meeting with the Saudi and Pakistani investors delegation based in Saudi Arabia under the chairmanship of Ambassador Raja Ali Ejaz,“ an embassy official told Arab News on Wednesday.
During the meeting, the envoy welcomed business delegates, and highlighted trade and business opportunities in Pakistan.
Trade Minister Azhar Ali briefed the audience on the embassy’s assistance for Saudi and Pakistani investors.
Pakistan is undertaking a host of initiatives to increase export share and boost foreign direct investment in the country.
Raja Khalid, chairman of the Pakistan Investor Forum (PIF), thanked the envoy for encouraging business and investment.
During the meeting, some businessmen pointed out problems regarding remittances and tax issues.
Exporters have faced many challenges, including loss of contracts, lockdown and labor issues, during the pandemic.
Many business people are interested in investing in Pakistan’s construction, hospitality and power generation sectors.
Ali told the meeting he would arrange online sessions with Pakistan’s Board of Investments, Trade Development Authority and chambers of commerce to encourage support from all public sector organizations.
Delegations from Saudi Arabia and Pakistan will also explore marketing opportunities in both countries.
The envoy said that Pakistan must make extra efforts to regain markets in Saudi Arabia, which have become highly competitive and challenging following a VAT increase from 5 percent to 15 percent from July 1.
 


Saudi Arabia expresses concern over UAE pressure on STC, warns against threats to its security

Updated 10 sec ago
Follow

Saudi Arabia expresses concern over UAE pressure on STC, warns against threats to its security

Riyadh: Saudi Arabia on Tuesday expressed regret over what it described as pressure by the United Arab Emirates on Southern Transitional Council (STC) forces to carry out military operations in Yemen’s Hadramaut and Al-Mahra governorates, warning that such actions pose a direct threat to the Kingdom’s national security and regional stability.

In a statement, the Saudi Ministry of Foreign Affairs said the reported moves were inconsistent with the principles of the Arab Coalition that supports the internationally recognised government of Yemen and undermined ongoing efforts to achieve security and stability in the country.

 

The ministry referred to earlier statements by the Yemeni Presidential Leadership Council and the coalition leadership concerning the movement of ships carrying weapons and heavy vehicles from Fujairah port to Mukalla without official authorization.

Saudi Arabia stressed that any threat to its national security constituted a “red line,” adding that it would not hesitate to take all necessary measures to confront and neutralize such risks.

The Kingdom reaffirmed its support for Yemen’s security, stability, and sovereignty, as well as its full backing of the Yemeni Presidential Leadership Council and its government. It also reiterated that the southern issue is a just cause that can only be addressed through dialogue as part of a comprehensive political solution involving all Yemeni parties, including the STC.

Riyadh further emphasized the importance of the UAE responding to Yemen’s request to withdraw its military forces within 24 hours and to halt military or financial support to any Yemeni faction. The statement called for wisdom to prevail in order to preserve Gulf unity, bilateral relations, and the shared goal of regional stability and development.