Pakistan lauds Saudi Arabia’s efforts to broker peace between Russia, Ukraine

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Representatives from more than 40 countries including China, India, and the U.S., pose for a family picture as they attend talks in Jeddah, Saudi Arabia, August 6, 2023, to make a headway towards a peaceful end to Russia's war in Ukraine. (Saudi Press Agency via REUTERS)
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A handout picture provided by the Saudi Press Agency (SPA) on August 6, 2023 shows representatives meeting during a National Security advisors' meeting in Jeddah. (AFP/SPA)
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Updated 07 August 2023
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Pakistan lauds Saudi Arabia’s efforts to broker peace between Russia, Ukraine

  • Saudi Arabia hosted officials from 40 countries over the weekend to find a peaceful end to the Russia-Ukraine conflict 
  • Pakistan’s foreign office spokesperson says peace between Russia, Ukraine key for stability and peace in region and beyond

ISLAMABAD: Pakistan on Monday appreciated Saudi Arabia for its efforts to find a peaceful resolution to the Russia-Ukraine conflict, the country’s foreign office spokesperson said, a day after the kingdom hosted senior officials from at least 40 nations in a bid to find common ground and end hostilities between the two warring parties. 

Saudi Arabia hosted a two-day meeting over the weekend in the Red Sea coastal city of Jeddah, where officials from 40 countries, including US, China, and India participated. Ukraine and its allies hope the discussions would lead to an agreement on key principles for a peaceful end to the conflict raging on since over a year. 

According to reports, Ukraine proposed its widely-expected 10-point peace formula during the meeting.

“Pakistan supports all efforts that are focused on bringing peace and dialogue between Russia and Ukraine, and in this respect, we welcome all efforts, including the effort by the Kingdom of Saudi Arabia to help find some common ground,” Foreign Office Spokesperson Mumtaz Zahra Baloch told reporters during her weekly media briefing.

Baloch said Pakistan has always called for peace between the two warring factions and has been supporting all efforts aimed at finding a negotiated, peaceful settlement of this dispute.

“We believe that peace between Ukraine and Russia is key for stability and peace in the region and beyond, and for the inflation in energy and food that we are all facing,” she added.

Pakistan has not condemned Russia since it invaded Ukraine last year in February, though it raised concerns over the war and urged China and the Organization of Islamic Cooperation (OIC) to mediate and resolve the crisis. 

Last month, the South Asian country hosted Ukrainian foreign minister, Dmytro Kuleba, for two days and discussed ways and means to enhance bilateral cooperation in different fields.

Pakistan has also expressed concerns that the dispute between the two countries— and resulting supply chain disruptions— has led to an increase in fuel and food prices around the globe. Islamabad has actively engaged Kiev and Moscow in its bid to ensure Russia restores the Black Sea Grain Initiative— a deal brokered between Russia and Ukraine by the United Nations and Turkiye— which ensured the safe export of Ukrainian food grains to developing countries.


Pakistan steps up EU trade engagement as India deal raises export fears

Updated 58 min 47 sec ago
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Pakistan steps up EU trade engagement as India deal raises export fears

  • Deputy PM chairs inter-ministerial meeting, calls GSP+ “crucial” for growth
  • Move follows India–EU trade pact that industry warns could hit exports, jobs

ISLAMABAD: Pakistan’s Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Friday chaired a high-level inter-ministerial meeting to review and strengthen trade and economic relations with the European Union, as Islamabad scrambles to safeguard market access following India’s new trade deal with the bloc.

The meeting is part of a broader diplomatic and policy push this week after India and the EU confirmed a free trade agreement granting Indian exporters sweeping tariff-free access to Europe — a development Pakistani exporters and analysts warn could erode Pakistan’s competitiveness, particularly in textiles, its largest export sector.

The EU is Pakistan’s second-largest export market, accounting for about $9 billion in annual shipments, mostly textiles and apparel. Industry leaders have warned that India’s tariff-free access could undercut Pakistan’s long-standing advantage under the EU’s Generalized Scheme of Preferences Plus (GSP+), which allows duty-free access in return for commitments on labor rights, human rights and governance.

At Friday’s meeting, Dar emphasized the centrality of GSP+ to Pakistan’s trade strategy with Europe.

“He emphasized that GSP Plus remains a crucial framework for mutually beneficial trade and underlined the need to maximize its potential for Pakistan’s economic growth,” the Foreign Office said in a statement.

Dar also stressed the importance of enhancing trade cooperation with the EU and exploring new avenues for economic engagement, as Pakistan assesses how to respond to shifting trade dynamics in Europe.

The inter-ministerial huddle follows a series of rapid consultations this week, including a meeting between Prime Minister Shehbaz Sharif and the EU’s ambassador to Pakistan, as well as briefings by trade bodies to Finance Minister Muhammad Aurangzeb on the potential impact of the India–EU agreement. 

Exporters have warned that unless Pakistan lowers production costs, particularly energy tariffs, and secures continued preferential access, the country could face declining market share in Europe and job losses across its labor-intensive textile sector.

Pakistan’s Foreign Office has said Islamabad is aware of the India–EU agreement and continues to view its trade relationship with the EU as mutually beneficial, but officials acknowledge that the new deal has intensified pressure to defend Pakistan’s position within the bloc.