ISLAMABAD: A prominent Saudi conglomerate with diverse business interests expressed investment interest in Pakistan after its delegation visited the country where it met the officials of the Special Investment Facilitation Council (SIFC) on Wednesday.
A hybrid government body established last year to attract foreign investment in Pakistan’s key economic sectors, the SIFC promises to create an enabling business environment in the country and offer a one-window solution to investors.
Since its inception, it has been seeking investment in sectors like energy, mines and minerals, information technology, agriculture and livestock, and industry and tourism.
The council has specifically paid attention to the Gulf countries where its economic interests remain deeply entrenched.
“A high-level delegation of Saudi Arabia’s Al-Ajlan Holding Group visited the Special Investment Facilitation Council on March 6,” said an official statement circulated by the SIFC.
“The delegation expressed keen interest in exploring investment opportunities under SIFC in different sectors,” it added.
The Saudi conglomerate’s interests span various sectors, including real estate, fashion, retail and investment.
Al-Ajlan Holding Group has also made investments abroad, which aligns with its strategy to diversify its investment portfolio and establish a global presence in key markets around the world.
Pakistan has been actively seeking foreign investment as part of its strategy to stimulate economic growth, create jobs and enhance its technological and industrial capabilities.
Foreign investment is seen as crucial for bringing in capital at a time when the country has been seeking financial bailouts from international lending agencies.
Prominent Saudi conglomerate considers Pakistan for business expansion after talks with investment body
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Prominent Saudi conglomerate considers Pakistan for business expansion after talks with investment body
- Al-Ajlan Holding’s business interests span various sectors, including real estate, fashion, retail and investment
- Its delegation visited Pakistan when the country is seeking foreign investment to stimulate economic growth
Pakistan urges equal application of international law, flags Indus treaty at UN debate
- Pakistani envoy says silence over violations of international law are fueling conflicts from South Asia to Gaza
- He urges the UN secretary-general to use the Charter’s preventive tools more proactively to help avert conflicts
ISLAMABAD: Pakistan’s UN ambassador on Monday called for equal application of international law in resolving global conflicts, warning that India’s decision to hold the 1960 Indus Waters Treaty in abeyance and the unresolved dispute over Kashmir continued to threaten stability in South Asia.
Speaking at an open debate of the UN Security Council on “Leadership for Peace,” Ambassador Asim Iftikhar Ahmad said selective enforcement of international law and silence in the face of violations were fueling conflicts worldwide, undermining confidence in multilateral institutions.
His remarks come months after a brief but intense military escalation between India and Pakistan in May, following a gun attack on tourists in Indian-administered Kashmir. India blamed the attack on Pakistan, a charge Islamabad denied while calling for a transparent international probe.
The attack triggered a military standoff between the two South Asian nuclear neighbors and prompted New Delhi to suspend the World Bank-brokered Indus Waters Treaty, a move Pakistan says has no basis in international law and has described as “an act of war.”
“India’s unilateral suspension of the Indus Waters Treaty — a rare and enduring example of successful diplomacy — is yet another blatant breach of international obligations that undermines regional stability and endangers the lives and livelihoods of millions,” Ahmad told the council.
He said Jammu and Kashmir remained one of the oldest unresolved disputes on the Security Council’s agenda and required a just settlement in line with UN resolutions and the wishes of the Kashmiri people, a position India has long rejected.
Ahmad broadened his remarks to global conflicts, citing Gaza, Ukraine, Sudan and other crises, and said peace could not be sustained through “selective application of international law” or by sidelining the United Nations when violations occur.
The Pakistani envoy also referred to the Pact for the Future, a political declaration adopted by UN member states this year aimed at strengthening multilateral cooperation, accelerating progress toward the 2030 development goals and reforming global governance institutions.
While welcoming the pact, Ahmad warned that words alone would not deliver peace, pointing to widening development financing gaps, rising debt distress and climate shocks that he said were reversing development gains across much of the Global South.
He called for a stronger and more proactive role for the UN Secretary-General, including earlier use of preventive tools under the UN Charter, and urged the Security Council to demonstrate credibility through consistency, conflict prevention and greater respect for international court rulings.
“No nation can secure peace alone,” Ahmad said. “It is a collective endeavor, requiring leadership, cooperation and genuine multilateralism.”
