ISLAMABAD: President Asif Ali Zardari on Tuesday said Pakistan attached great value to its fraternal ties with Bahrain, stressing the need for both countries to translate their relationship into a “mutually rewarding economic partnership,” a statement from his office said.
The statement followed a meeting between Zardari and General Sheikh Mohammad bin Isa bin Salman Al-Khalifa, the commander of the National Guard of Bahrain, who called on him at the presidency in Islamabad.
Zardari said Pakistan and Bahrain enjoyed excellent relations, which needed to be further strengthened in areas of mutual interest.
“He [Zardari] highlighted the need to translate the bilateral relations between Pakistan and Bahrain into a mutually rewarding economic partnership,” the president’s secretariat said.
Zardari told Al-Khalifa it was his firm belief that Pakistan would grow stronger as it had immense potential to become a prosperous country. Al-Khalifa congratulated the president on assuming office for a second time and hoped the South Asian country would move forward under his leadership, the statement said.
The Bahraini official noted that both countries enjoy excellent defense cooperation, reiterating the Gulf country’s continued support for Pakistan. Al-Khalifa invited Zardari to visit Bahrain, the president’s secretariat said.
Al-Khalifa met Prime Minister Shehbaz Sharif last Wednesday to discuss bilateral trade, defense cooperation and the developing humanitarian crisis in Gaza.
Pakistan enjoys fraternal relations with Gulf Cooperation Council (GCC) countries including Bahrain. Islamabad also has strong defense and trade ties with them and routinely holds military exercises with friendly states to enhance combat skills.
Cash-strapped Pakistan set up the Special Investment Facilitation Council (SIFC), a hybrid civil-military forum, in June 2023. The SIFC was established to attract international investment, particularly from Gulf countries, in the country’s key economic sectors. The council was set up as Pakistan faced tough economic challenges amid dwindling forex reserves and a rapidly depreciating national currency.
Pakistan’s president calls for translating ties with Bahrain into ‘economic partnership’
https://arab.news/zgdcy
Pakistan’s president calls for translating ties with Bahrain into ‘economic partnership’
- Commander of Bahrain’s National Guard calls on President Asif Ali Zardari in Islamabad
- Both discuss bilateral relations, trade, defense and other matters of mutual interest
Pakistan reviews austerity measures amid Middle East crisis, urges strict nationwide implementation
- Deputy Prime Minister Ishaq Dar chairs review meeting of austerity steps
- Officials briefed on salary cuts, school closures, four‑day week, petrol conservation
ISLAMABAD: Pakistan’s government on Wednesday assessed progress on a sweeping set of austerity measures introduced to mitigate the country’s economic strain from sharply rising global oil prices and supply disruptions linked to the ongoing war in the Middle East.
Prime Minister Shehbaz Sharif this week announced a series of austerity steps, including a four‑day work week for government offices, requiring 50 percent of staff to work from home, cutting fuel allowances for official vehicles by half, grounding up to 60 percent of the government fleet and closing all schools for two weeks to conserve fuel amid the global oil crisis.
The measures were unveiled in response to global oil market volatility triggered by the conflict involving the United States, Israel and Iran, which has disrupted supply routes such as the Strait of Hormuz and pushed crude prices sharply higher, straining Pakistan’s heavily import‑dependent energy sector.
“The meeting stressed the importance of strict and transparent adherence to the austerity measures, promoting fiscal responsibility and prudent use of public resources,” Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar said in a statement.
He was chairing a meeting of the Committee for Monitoring and Implementation of Conservation and Additional Austerity Measures, constituted under the directions of the PM, bringing together federal and provincial officials to review execution of the broad cost‑cutting plan.
Dar emphasized the government’s commitment to enforcing the PM’s austerity steps nationwide. The committee’s review also covered reductions in departmental expenditure, deductions from salaries of senior officials earning over Rs. 300,000 ($1,120), and coordination with provincial administrations to ensure uniform implementation of the plan.
Participants at the meeting reiterated that all ministries and divisions must continue strict monitoring and reporting, with transparent oversight mechanisms, as Pakistan navigates the economic pressures from the prolonged Middle East crisis and its fallout on global energy and trade markets.
