Pakistan’s Punjab offers health, education, religious tourism incentives to Saudi investors

Punjab Chief Minister Maryam Nawaz during a meeting in Lahore with Prince Mansour bin Mohammed Al-Saud, the former governor of Hafr Al-Batin. (Supplied)
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Updated 07 January 2025
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Pakistan’s Punjab offers health, education, religious tourism incentives to Saudi investors

  • Punjab CM Maryam Nawaz meets Prince Mansour, former governor of Hafr Al-Batin province
  • Pakistan and Saudi Arabia have sought closer business and economic ties in recent months

ISLAMABAD: The chief minister of Pakistan’s Punjab province has offered Saudi investors incentives as part of a “special package” to explore opportunities in religious tourism, health, education and infrastructure, state-run media reported this week.

Punjab Chief Minister Maryam Nawaz Sharif met Prince Mansour bin Mohammed Al Saud, former governor of Saudi Arabia’s Hafr Al-Batin province, on Monday to discuss promoting bilateral relations and mutual cooperation between Saudi Arabia and Punjab, according to the Associated Press of Pakistan.

The two nations enjoy cordial ties, with Riyadh frequently assisting cash-strapped Pakistan by supplying oil on deferred payment terms and financial support to stabilize its economy.

“During the discussions, the chief minister invited Saudi investors to explore opportunities in infrastructure, health, education and religious tourism in Punjab,” APP reported. “She assured Saudi investors of her government’s full cooperation and the provision of incentives under a special package.”

Sharif praised Saudi Arabia’s longstanding cooperation with Pakistan, saying Riyadh was like an older brother.

“The hearts of the people of both countries beat together,” she is quoted as saying.

“The Punjab government has ensured foolproof security and established a system based on merit to improve the business environment in the province.”

APP said Prince Mansour assured Pakistan of Saudi Arabia’s support.

“The relationship between Pakistan and Saudi Arabia is crucial for the stability and prosperity of the entire region,” he said. “Saudi Arabia will always stand by Pakistan.”

The Kingdom is home to over 2 million Pakistani expatriates and is the source of most overseas workers’ remittances for Pakistan.

The two countries have forged strong business and economic relations in recent months. In October 2024, Pakistan and Saudi Arabia signed several memorandums of understanding valued at $2.8 billion. In December, Sharif’s office confirmed that seven of 34 MoUs had been converted into agreements worth $560 million.

 


ASEAN should adhere to rule of law in face of ‘unilateral actions,’ Philippines’ top diplomat says

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ASEAN should adhere to rule of law in face of ‘unilateral actions,’ Philippines’ top diplomat says

  • Several ASEAN members have expressed deep concern over the US strike that resulted in the arrest of Venezuelan leader Nicolas Maduro
  • Philippines’ top envoy: ‘Across our region, we continue to see tensions at sea, protracted internal conflicts and unresolved border and humanitarian concerns’
CEBU, Philippines: Southeast Asian countries should steadfastly maintain restraint and adhere to international law as acts of aggression across Asia and “unilateral actions” elsewhere in the world threaten the rules-based global order, Manila’s top diplomat said Thursday.
Philippine Foreign Secretary Theresa Lazaro did not provide details of the geopolitical alarm she raised before her counterparts in the 11-nation Association of Southeast Asian Nations who were holding their first major closed-door meetings this year in the Philippines’ central seaside city of Cebu.
Several ASEAN members, however, have expressed deep concern over the secretive US strike that resulted in the arrest of Venezuelan leader Nicolas Maduro on orders from US President Donald Trump. China’s intensifying aggressive stance on Taiwan and in the disputed South China Sea have also troubled the region for years.
Calling out the US and China, among the largest trading and defense partners of ASEAN countries, have been a dilemma and diplomatic tightrope.
“Across our region, we continue to see tensions at sea, protracted internal conflicts and unresolved border and humanitarian concerns,” Lazaro said in her opening speech before ASEAN counterparts.
“At the same time, developments beyond Southeast Asia, including unilateral actions that carry cross-regional implications, continue to affect regional stability and erode multilateral institutions and the rules- based international order,” she said.
“These realities underscore the interim importance of ASEAN’s time-honored principles of restraint, dialogue and adherence to international law in seeking to preserve peace and stability to our peoples.”
The Philippines holds ASEAN’s rotating chair this year, taking what would have been Myanmar’s turn after the country was suspended from chairing the meeting after its army forcibly ousted Aung San Suu Kyi’s democratically elected government in 2021.
Founded in 1967 in the Cold War era, ASEAN has an unwieldy membership of diverse countries that range from vibrant democracies like the Philippines, a longtime treaty ally of Washington, to authoritarian states like Laos and Cambodia, which are close to Beijing.
The regional bloc adopted the theme “Navigating our future, Together” this year but that effort to project unity faced its latest setback last year when deadly fighting erupted between two members, Thailand and Cambodia, over a longtime border conflict.
Aside from discussing the deadly fighting that embroiled Thailand and Cambodia before both forged a US-backed ceasefire last year, the ASEAN foreign ministers will deliberate how to push a five-point peace plan for the war in Myanmar, issued by the regional bloc’s leaders in 2021. The plan demanded, among others, an immediate end to fighting and hostilities, but it has failed to end the violence or foster dialogue among contending parties.
ASEAN foreign ministers are also under pressure to conclude negotiations with China ahead of a self-imposed deadline this year on a so-called “code of conduct” to manage disputes over long-unresolved territorial rifts in the South China Sea. China has expansive claims in the waterway, a key global trade route, that overlap with those of four ASEAN members, the Philippines, Malaysia, Vietnam and Brunei.