Saudi Arabia, other nations welcome news of India-Pakistan ceasefire

A partially damaged wall of the Neelum Jhelum Hydropower Project is pictured following Indian strikes in Nausari, about 40kms from Muzaffarabad, the capital of Azad Kashmir, on May 8, 2025. (AFP)
Short Url
Updated 10 May 2025
Follow

Saudi Arabia, other nations welcome news of India-Pakistan ceasefire

  • Pakistan appreciates Saudi Arabia’s positive role in promoting regional peace and stability
  • Western powers say ‘dialogue is key,’ hoping both sides to respect the ceasefire agreement

ISLAMABAD: Saudi Arabia, China, the United Arab Emirates, and several other countries on Saturday welcomed the ceasefire understanding between Pakistan and India, following a week of military escalation that raised fears of a full-blown war between the two South Asian neighbors.

The ceasefire, brokered with US support after missile and drone exchanges between the nuclear-armed neighbors, has drawn a wave of diplomatic endorsements after many countries called for restraint and renewed dialogue.

Pakistan has credited the international community for playing a constructive role in defusing tensions, while also emphasizing its own measured response to what it described as Indian aggression.

“Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar @MIshaqDar50, received a call from the Saudi Minister of State for Foreign Affairs, Adel Aljubeir @AdelAljubeir, who welcomed the ceasefire understanding between

Pakistan and India,” Pakistan’s foreign office said in a post on social media platform X.

“DPM appreciated Saudi Arabia’s positive and constructive role in promoting peace & security in South Asia,” it added.

Dar also spoke with Chinese Foreign Minister Wang Yi, briefing him on the regional situation following Indian attacks and Islamabad’s “carefully calibrated response.”

According to Pakistan’s foreign office, Wang acknowledged Pakistan’s restraint and described its actions as responsible under challenging circumstances.

China reaffirmed its support for Pakistan’s sovereignty and territorial integrity and pledged continued coordination.

The UAE also expressed support for the ceasefire.

In a separate call, UAE Deputy Prime Minister Sheikh Abdullah bin Zayed welcomed the development, and Dar commended the Gulf state’s diplomatic engagement in fostering regional peace.

Germany’s foreign office described the ceasefire as a “first, important step out of the escalation spiral” and stressed the importance of dialogue.

“Dialogue is key,” it said. “The German government has been in contact with both sides in the past days.”

Kaja Kallas, the EU High Representative for Foreign Affairs, said she had spoken with both Indian and Pakistani foreign ministers and called the truce a “vital step toward de-escalation.”

“All efforts must be made to ensure it is respected,” she wrote on X, reaffirming the EU’s commitment to peace, stability and counter-terrorism in the region.

The flare-up between Pakistan and India, one of the most serious in recent years, followed a deadly attack in Indian-administered Kashmir last month and escalated into missile strikes, drone attacks and cross-border fire over the past week.

The ceasefire, announced Saturday, has temporarily halted hostilities, with both sides trading blame for the conflict.


Pakistan in talks with Saudi Arabia, China, banks for $2 billion refinery expansion— official

Updated 6 sec ago
Follow

Pakistan in talks with Saudi Arabia, China, banks for $2 billion refinery expansion— official

  • Islamabad seeks to expand Pakistan Refinery Limited’s crude oil processing capacity from 50,000 bpsd to 100,000 bpsd, says official
  • Official says three-year project would need $2 billion investment, with 60-70 percent to be raised through debt financing

KARACHI: Pakistan’s government and the state-owned Pakistan Refinery Limited (PRL) are in talks with Saudi Arabia, China, global commercial banks and financial institutions to secure funding for a $2 billion refinery expansion project, an official said on Tuesday.

The PRL is an energy company located in Pakistan’s commercial hub Karachi. With a processing capacity of 50,000 barrels of crude oil per day, it supplies refined petroleum products countrywide. It is a subsidiary of the state-owned Pakistan State Oil (PSO), which owns 63.56 percent of its shares.

Pakistan is seeking partners that can finance PRL’s Refinery Expansion and Upgrade Project (REUP). The official confirmed that REUP is part of Pakistan’s Brownfield Refinery Policy, which aims to upgrade the nation’s five existing oil refineries to deep conversion refineries, with a combined crude processing capacity of about 350,000 barrels per stream day (bpsd). The total project cost to upgrade these five refineries has been estimated at $5-6 billion. 

“We are in contact with Saudis, Chinese, Export Credit Agencies and Development Finance Institutions and others to obtain the financing and firms have shown interest,” an official with direct knowledge of the development told Arab News on condition of anonymity as he was not authorized to speak to media. 

The official said that the government was in talks with investors in Saudi Arabia while the PRL was in contact with the Chinese government and ECAs, DFIs and global commercial banks. 
 
The PRL aims to double the crude processing capacity of its Karachi hydro-skimming plant to 100,000 bpsd, produce Euro V-compliant motor spirit and diesel, meet evolving environmental standards and decrease Pakistan’s reliance on imported fuels. 

The move would help Pakistan reduce its reliance on costly fuel imports. The South Asian country imported petroleum products worth $16 billion in fiscal year 2025, more than 27 percent of its total imports.

“The project is estimated at $2 billion and is to be implemented in 36 months with debt ranging between 60-70 percent,” the official said.

He added that potential investors may secure an equity stake in the project. 

Pakistan’s Petroleum Minister Ali Pervaiz Malik visited Saudi Arabia earlier this month to lead a high-level delegation at the Future Minerals Summit. There, he reportedly met investors and briefed them on REUP. 

Malik and the petroleum ministry spokesperson Zafar Abbas did not respond to Arab News’ request for comments on the matter. 

The official said Saudi authorities have asked Pakistan to brief them on the project. He said the government has planned an official visit “in the near future” to the Kingdom, where Saudi investors would be given the required briefing. 

The official said once the required financing is available, PRL would aim to achieve REUP’s financial close by December and begin work on the project in January 2027.

“All our potential financers are expected to undertake due diligence of the project in the coming months,” the official said. 

Sheikh Imran ul Haque, project director of the PRL, said the company was making steady and measurable progress on REUP, a strategically significant initiative designed to enhance refining capabilities and product quality.

“PRL has successfully completed detailed technical and commercial evaluations with EPC (engineering, procurement and construction) bidders,” he told Arab News. 

Haque said the company’s next target is signing the EPC contract in the first quarter of 2026.

He said this would be followed by the financial close at the end of the year, marking the formal transition of REUP from its development phase to the execution one. 

Pakistan has desperately tried to reform its economy by looking for cheaper sources of fuel. Its refining sector has long struggled with aging infrastructure, limited upgrading and thin margins. 

Industry officials argue that over-reliance on imports increases exposure to global price volatility, shipping disruptions and foreign exchange pressure.