'Big breakthrough' as PM Khan, Saudi crown prince hold wide-ranging phone call

Saudi Crown Prince Mohammed bin Salman, right, meets with Pakistani Prime Minister Imran Khan in Riyadh, Saudi Arabia, on October 23, 2018. (SPA/File)
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Updated 29 March 2021
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'Big breakthrough' as PM Khan, Saudi crown prince hold wide-ranging phone call

  • Khan appreciates Saudi green initiative, resumption of relations with Qatar and Saudi efforts to bring peace in Yemen
  • Writes letter to Saudi crown prince, offers to share Pakistan’s knowledge and experience in climate change initiatives

ISLAMABAD: Prime Minister Imran Khan spoke with Saudi Crown Prince Muhammad bin Salman in a ‘breakthrough’ first conversation between the two leaders in at least 15 months, the Pakistani prime minister’s special adviser on religious harmony and the Middle East, Tahir Mahmood Ashrafi, said on Monday.
Khan took to Twitter on Monday to welcome the "Green Saudi Arabia" and "Green Middle East” initiatives of the Saudi crown prince, saying they complimented Pakistan’s own initiatives to battle climate change.
The crown prince had called the leaders of Qatar, Kuwait, Bahrain, Iraq, and Sudan to discuss a massive regional tree-planting project, Saudi state news agency (SPA) reported early on Monday.
The Saudi Green Initiative is part of the prince’s Vision 2030 plan to reduce its reliance on oil revenues and improve quality of life. The crown prince unveiled the ambitious campaign on Saturday that will see Saudi Arabia planting 10 billion trees in the coming decades and working with other Arab states to plant another 40 billion trees, reduce carbon emissions and combat pollution and land degradation.
“It’s a big breakthrough after months of silence,” Ashrafi told Arab News about the two leaders' conversation. “During the conversation, prime minister Khan appreciated the green initiative of Saudi Arabia, the resumption of relations with Qatar and Saudi efforts to bring peace in Yemen.”
He said the Saudi crown prince also enquired about the health of Khan, who had tested positive for the coronavirus earlier this month, while the Pakistani PM enquired about the health of Saudi King Salman.
“The exchanges of telephonic conversations at the highest level in two days showed the warmth in the relationship,” Ashrafi said. “Yesterday foreign minister talked to his Saudi counterpart and soon different high-level bilateral delegation exchanges will also start, which were stalled due to COVID-19.”
“Am delighted to learn of 'Green Saudi Arabia' & 'Green Middle East' initiatives by my brother, His Royal Highness Crown Prince Mohammed bin Salman!” Khan had written on Twitter earlier on Monday. “Have offered our support on these as there are many complementarities with our 'Clean & Green Pakistan' & '10 Billion-Tree Tsunami'."

 

 

Khan was referring to his government’s 10 Billion Tree Tsunami program, an ambitious five-year tree-planting project launched in 2018, with the aim of countering rising temperatures, flooding, droughts and other extreme weather in the country that scientists link to climate change.

In a letter to the crown prince, Khan said while Pakistan and Saudi Arabia already maintained close cooperation on climate change issues at multilateral forums, “a meaningful and structured bilateral engagement can help advance our shared vision and create mutually beneficial opportunities for partnership.”

He also said Pakistan would be happy to share its knowledge and experience of climate change initiatives with the kingdom.


Pakistan reports current account surplus in Jan. owing to improved trade, remittances

Updated 17 February 2026
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Pakistan reports current account surplus in Jan. owing to improved trade, remittances

  • Pakistan’s exports crossed the $3 billion mark in Jan. as the country received $3.5 billion in remittances
  • Last month, IMF urged Pakistan to accelerate pace of structural reforms to strengthen economic growth

ISLAMABAD: Pakistan recorded a current account surplus of more than $120 million in January, the country’s finance adviser said on Tuesday, attributing it to improved trade balance and remittance inflows.

Pakistan’s exports rebounded in January 2026 after five months of weak performance, rising 3.73 percent year on year and surging 34.96 percent month on month, according to data released by the country’s statistics bureau.

Exports crossed the $3 billion mark for the first time in January to reach $3.061 billion, compared to $2.27 billion in Dec. 2025. The country received $3.5 billion in foreign remittances in Jan. 2026.

Khurram Schehzad, an adviser to the finance minister, said Pakistan reported a current account surplus of $121 million in Jan., compared to a current account deficit of $393 million in the same month last year.

“Improved trade balance in January 2026, strong remittance inflows, and sustained momentum in services exports (IT/Tech) continue to reinforce the country’s external account position,” he said on X.

Pakistan has undergone a difficult period of stabilization, marked by inflation, currency depreciation and financing gaps, and international rating agencies have acknowledged improvements after Islamabad began implementing reforms such as privatizing loss-making, state-owned enterprises (SOEs) and ending subsidies as part of a $7 billion International Monetary Fund (IMF) loan program.

Late last month, the IMF urged Pakistan to accelerate the pace of these structural reforms to strengthen economic growth.

Responding to questions from Arab News at a virtual media roundtable on emerging markets’ resilience, IMF’s director of the Middle East and Central Asia Jihad Azour said Islamabad’s implementation of the IMF requirements had been “strong” despite devastating floods that killed more than 1,000 people and devastated farmland, forcing the government to revise its 4.2 percent growth target to 3.9 percent.

“What is important going forward in order to strengthen growth and to maintain the level of macroeconomic stability is to accelerate the structural reforms,” he said at the meeting.

Azour underlined Pakistan’s plans to privatize some of the SOEs and improve financial management of important public entities, particularly power companies, as an important way for the country to boost its capacity to cater to the economy for additional exports.

“This comes in addition to the effort that the authorities have made in order to reform their tariffs, which will allow the private sector of Pakistan to become more competitive,” the IMF official said.