Pakistani prime minister arrives in Saudi Arabia on three-day visit

Deputy Governor of Madinah Prince Saud bin Khalid Al-Faisal (right in first row) receives Pakistan Prime Minister Imran Khan (left in first row) in Madinah, Saudi Arabia, on October 23, 2021. (Photo courtesy: SPA)
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Updated 24 October 2021
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Pakistani prime minister arrives in Saudi Arabia on three-day visit

  • In second trip to the kingdom this year, Khan will attend Middle East green summit in Riyadh on Monday
  • Will attend event to promote investment in Pakistan, meet leading Saudi and Pakistani businessmen

ISLAMABAD: Pakistani Prime Minister Imran Khan on Saturday arrived in Saudi Arabia on a three-day visit at the invitation of Crown Prince Mohammed bin Salman and was received by Deputy Governor of Madinah Prince Saud bin Khalid Al-Faisal, announced the PM Office in a Twitter post.
This is Khan’s second visit to Saudi Arabia this year. He visited the kingdom last in May and signed several agreements.
“Prime Minister @ImranKhanPTI arrives in Madina on 3-day official visit to Saudi Arabia,” the Prime Minister’s Office said in a social media post with Khan’s pictures in the kingdom. “The PM was received by Deputy Govenor of Madinah Prince Saud bin Khalid Al-Faisal, and was given a warm reception.”


According to Pakistan’s state-run APP news agency, the prime minister will attend the “inaugural ceremony of the ‘Middle East Green Initiative (MGI) Summit’ being held in Riyadh” on Monday.
“The first of their kind in the Middle East Region, ‘Green Saudi Arabia’ and ‘Green Middle East’ initiatives were launched by the Crown Prince in March 2021 aimed at protecting the nature and planet,” it added.
Foreign Minister Shah Mahmood Qureshi, Energy Minister Hammad Azhar and the PM’s Special Assistant on Climate Change Malik Amin Aslam are accompanying the prime minister.
At the MGI summit, Khan will speak about challenges faced by developing countries due to climate change and highlight Pakistan’s experience of launching nature-based solutions to address environmental concerns, including the 10 Billion Tree Tsunami tree planation project, a flagship of his government.
“Besides meeting the Saudi leadership, the prime minister will also participate in an event on the promotion of investment in Pakistan and interact with leading investors and businessmen from Saudi Arabia and Pakistani diaspora,” APP said.
On Saturday, the crown prince of Saudi Arabia said the world’s top oil exporter aimed to reach zero-net emissions by 2060 and more than doubled its annual target to reduce carbon emissions to almost 280 million tons.
Crown Prince Mohammed bin Salman was speaking in recorded remarks at the Saudi Green Initiative, which comes ahead of the 26th UN Climate Change Conference of the Parties, or COP26, in Glasgow from Oct. 31 — Nov. 12, that hopes to agree on deeper emissions cuts to tackle global warming.
Riyadh, a signatory to the Paris climate pact, on Saturday set out details of its nationally determined contributions (NDCs) — goals for individual states under global efforts to prevent average global temperatures from rising beyond 1.5 degrees Celsius above pre-industrial levels.
The United States and the EU want Saudi Arabia to join a global initiative on slashing emissions of methane by 30 percent from 2020 levels by 2030.
US climate envoy John Kerry will also attend the wider Middle East green summit Riyadh is hosting on Monday.

 


Pakistani official joins global finance leaders at event hosted by Trump-backed venture

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Pakistani official joins global finance leaders at event hosted by Trump-backed venture

  • 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.