ISLAMABAD: Prime Minister Shehbaz Sharif witnessed the signing of over $2 billion in agreements and memorandums of understanding (MoUs) between Saudi and Pakistani businesses on Thursday, calling the ceremony a precursor to many future partnerships.
The event took place as Sharif welcomed Saudi Investment Minister Khalid bin Abdulaziz Al-Falih at the PM House, describing his visit as an “important milestone” in the economic relations between the two countries.
The Saudi minister brought a large delegation of businessmen representing various economic sectors, including energy, mining, agriculture, tourism and industry, a day earlier, with the aim of finalizing 27 business-to-business deals and MoUs.
The visit took place at a time when Pakistan is seeking to strengthen trade and investment ties with friendly nations, particularly the kingdom, whose leadership reaffirmed its commitment this year to expedite a $5 billion investment package for the South Asian country.
“Today’s ceremony will lead to many more such events in times to come if we are sincere to the cause,” Sharif told the gathering, referring to Pakistan’s commitment to implementing these agreements and turning the MoUs into lucrative business deals.
He assured the Saudi delegation of his government’s full cooperation, saying he would not allow any impediments to thwart the business cooperation between the two countries.
The prime minister said Pakistan’s relations with the kingdom were firmly rooted in history and that both countries had stood by each other through thick and thin.
“Saudi Arabia has always supported Pakistan, whether after floods or earthquakes,” he continued. “This is not only friendship. This is true brotherhood, which we must transform into a relationship of economic development, cooperation and promoting our investments.”
Earlier, the prime minister told the Saudi minister that his visit was “an important milestone in strengthening investment ties between Pakistan and Saudi Arabia, setting the stage for greater collaboration in sectors of mutual interest.”
The prime minister pointed out that Al-Falih’s trip to Pakistan was the third high-level Saudi delegation to visit the country in the last six months, calling it a testament to the growing momentum in the bilateral relationship.
He also reaffirmed Pakistan’s commitment to Saudi Arabia’s sovereignty and territorial integrity, expressing readiness to strengthen defense ties, including support for the kingdom’s Vision 2030, which seeks to develop indigenous defense and security capabilities.
According to the PM Office, the Saudi minister reiterated the kingdom’s commitment to increasing its investment portfolio in Pakistan, particularly in mining, agriculture, food security and infrastructure development.
He further said the signing of 27 agreements and MoUs was just the beginning of the journey.
Pakistan, Saudi Arabia ink multiple agreements valuing $2 billion
https://arab.news/4kuhq
Pakistan, Saudi Arabia ink multiple agreements valuing $2 billion
- Saudi investment minister is heading a large business delegation on three-day visit to Islamabad
- Saudi visit comes as Pakistan seeks foreign investments to navigate tricky path to economic recovery
Pakistan PM takes notice of passenger offloading issue, forms committee to streamline immigration
- Several passengers complained last month of being offloaded at airports despite having genuine travel documents
- Committee comprising IT minister to be led by minister for overseas Pakistanis, submit report to PM within three weeks
ISLAMABAD: Prime Minister Shehbaz Sharif has taken notice of reports of arbitrary offloading of Pakistani passengers at various airports and has constituted a 14-member committee to streamline immigration procedures, the Ministry of Overseas Pakistanis said this week.
The development took place after several passengers last month complained they were being offloaded at various Pakistani airports despite carrying valid travel documents, drawing public ire on social media platforms.
These reports coincided with Islamabad’s crackdown on illegal immigration, which gained significant attention in Pakistan after the arrest of several Pakistani and foreign nationals at airports with forged documents in recent years.
As per a notification by the Ministry of Overseas Pakistanis seen by Arab News dated Dec. 15, Sharif has formed a 14-member committee comprising the federal IT minister, state minister for overseas Pakistanis, and secretaries of both ministries. The committee will be led by the federal minister for overseas Pakistanis.
“A committee comprising the following members has been constituted to deliberate upon and implement measures for eliminating and minimizing human discretionary elements in the issuance and renewal of the Protectorate of Emigrants (POE) stamp for bona fide emigrants proceeding abroad,” the notification reads.
A POE stamp is a mandatory government endorsement on a Pakistani passport that is required by a citizen traveling abroad for employment.
The committee’s terms of reference (ToRs) include suggesting a “workable and end-to-end digitized process” for online issuance of POE stamps. It has also been tasked to undertake measures to develop a system to facilitate the online renewal of POE stamps.
The committee will suggest a mechanism to monitor workers’ satisfaction with the issuance, renewal of POE stamps and related immigration clearance arrangements.
“[Provide] recommendations for any other related measures which can improve the existing POE arrangements and bring them in line with international best practices,” it added.
The notification said the committee will finalize its findings within three weeks and submit a report to the prime minister.
Pakistan’s Interior Minister Mohsin Naqvi last month urged authorities not to offload passengers with valid travel documents.
Pakistan has also intensified its crackdown against individuals accused of exploiting visas to solicit money in Saudi Arabia.
Officials have warned the practice is damaging the country’s image and could affect genuine visa seekers, including religious pilgrims.
