Pakistan in process to ‘firm up’ new dates for Saudi crown prince visit — FO

In this picture taken on February 17, 2019, Pakistani soldiers patrol on a street next to welcoming posters of Saudi Arabian Crown Prince Mohammed bin Salman in Islamabad, Pakistan. (AFP/File)
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Updated 18 November 2022
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Pakistan in process to ‘firm up’ new dates for Saudi crown prince visit — FO

  • Foreign office says visit of “great important” as first to Pakistan after crown prince became PM
  • Highlight of visit would be second meeting of Saudi-Pakistan Supreme Coordination Council

ISLAMABAD: The foreign office has said Pakistan was in the process of firming up new dates for a visit by Saudi Arabian Crown Prince Mohammed bin Salman to Islamabad “in consultation with the Saudi side.”

Last week, the foreign office announced that the much-anticipated visit of the Saudi crown prince, scheduled for November 21, had been postponed, without citing any reasons.

“Firstly, although the visit of Saudi Crown Prince H.H. Muhammad Bin Salman was in works, the Foreign Office never announced the dates of the visit or cancelation of the visit,” the foreign office spokesperson Mumtaz Zahra Baloch told journalists on Thursday.

“The visit is being rescheduled and new dates of the visit are being firmed up in consultation with the Saudi side.”

She said the visit held great importance as it would be the Saudi royal’s first visit to Pakistan after assuming the office of prime minister.

“The highlight of the visit would be holding of the second meeting of the Saudi-Pakistan Supreme Coordination Council (SPSCC) and signing of a number of MoUs covering various areas including economic, trade, culture and investment etc,” Baloch said.

Speaking about Pakistani foreign minister Bilawal Bhutto Zardari’s recent visit to Saudi Arabia, she said he also held a meeting there with the Secretary General of the GCC to discuss bilateral ties between Pakistan and GCC countries.

“They discussed regional situation in Afghanistan and recent floods in Pakistan with a focus on Pakistan-GCC cooperation to mitigate the impact of climate change,” Baloch said.

“They agreed to revitalize the dialogue between Pakistan and GCC which is an important partner for Pakistan with a special focus on political and security, trade and investment, food security and agriculture.”


Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

Updated 25 December 2025
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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.