Pakistan’s interior minister highlights visa-free entry for Saudis in push for closer ties

Pakistan's Interior Minister Mohsin Naqvi (left) calls on Saudi Arabia’s Ambassador to Pakistan, Nawaf bin Said Al-Malki, in Islamabad, Pakistan, on April 18, 2025. (@KSAembassyPK/X)
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Updated 20 April 2025
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Pakistan’s interior minister highlights visa-free entry for Saudis in push for closer ties

  • Mohsin Naqvi met the Saudi envoy to discuss bilateral economic collaboration with the Kingdom
  • Both officials also discussed efforts to curb illicit activities like drug trafficking, human smuggling

ISLAMABAD: Federal Minister for Interior Mohsin Naqvi highlighted Pakistan’s decision to allow visa-free entry for Saudi citizens during a meeting in Islamabad, said an official statement on Sunday, reaffirming the government’s push for closer bilateral ties and increased Gulf investment in the country.
The minister’s comments came during a meeting with Saudi Ambassador Nawaf bin Said Al-Malki, amid Pakistan’s efforts to open its doors more widely to investors and tourists from the Gulf.
In July last year, Prime Minister Shehbaz Sharif announced visa-free entry for businessmen from Gulf Cooperation Council (GCC) countries as part of measures to attract investment and stimulate economic activity, while Pakistan was striving to recover from a prolonged financial crisis.
“There is no visa for Saudi citizens for coming to Pakistan,” Naqvi told the Saudi envoy, according to a statement released by the interior ministry. “They can come whenever they want.”
The minister made the remarks while visiting the Saudi embassy in Islamabad, where the two officials discussed bilateral cooperation, ongoing economic and social collaboration and joint efforts to curb illicit activities such as drug trafficking and human smuggling.
Islamabad has also been worried about the trend of some Pakistani nationals abusing visas to beg in foreign countries, fearing this could impact genuine visa-seekers, particularly religious pilgrims traveling to Saudi Arabia.
“The noose has been tightened against the beggars’ mafia,” Naqvi said, adding that new conditions are being imposed for obtaining passports to prevent illegal immigration and curb organized begging.
Pakistan and Saudi Arabia enjoy longstanding diplomatic and cultural ties. More than 2.5 million Pakistanis live and work in the Kingdom, which is the largest source of remittances for the South Asian nation.
The Saudi ambassador reaffirmed Riyadh’s commitment to strengthening relations with Islamabad across various sectors, according to the interior ministry statement.


Pakistan stocks edge higher as export financing, industrial power tariffs are cut

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Pakistan stocks edge higher as export financing, industrial power tariffs are cut

  • KSE-100 index gained 1,607.26 points, or 0.88%, to close at 183,945.38
  • Rebound follows steep sell-off a day earlier amid regional geopolitical tensions

ISLAMABAD: Pakistan’s stock market rebounded on Friday, with the benchmark index gaining more than 1,600 points, as analysts pointed to cuts in export refinancing rates and lower electricity tariffs for industrial consumers as key drivers of the recovery.

The KSE-100 index rose 1,607.26 points, or 0.88%, to close at 183,945.38, up from 182,338.12 a day earlier, according to Pakistan Stock Exchange (PSX) data.

The uptick followed Prime Minister Shehbaz Sharif’s announcement of a Rs4.4 per unit cut in electricity tariffs for industrial consumers, alongside a reduction in the export refinance rate from 7.5% to 4.5%.

“Stocks staged an early recovery at the PSX on institutional buying in oversold scrips after the prime minister’s assurance to renegotiate the IMF deal, along with cuts in the export refinance rate to 4.5% and industrial power tariffs by Rs4.4 per unit,” Arif Habib Commodities Chief Executive Officer Ahsan Mehanti told Arab News.

He added that higher global crude oil prices and earnings-season speculation also acted as catalysts for bullish activity.

According to local media reports last week, Pakistan is seeking flexibility in IMF lending conditions for the 2026–27 budget and aims to renegotiate its agreement to complete the remaining $7 billion under the Extended Fund Facility (EFF) and a $1.4 billion Resilience and Sustainability Facility (RSF) by September 2027.

The rebound came a day after Pakistani stocks plunged 6,042.26 points on Thursday, a drop analysts attributed to heavy selling and heightened geopolitical tensions between Iran and the United States.

Those concerns intensified after US President Donald Trump warned Iran this week that “time is running out” to reach a deal on its nuclear program, amid a steady buildup of US military forces in the Gulf.