Saudi Arabia offers 15% investment in Pakistan’s Reko Diq mining venture

ISLAMABAD: Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar on Sunday strongly condemned Israeli PM Benjamin Netanyahu’s statement calling for the establishment of a Palestinian state in Saudi Arabia, describing it as “irresponsible, provocative and thoughtless,” reiterating that such remarks disregard the legitimate rights of the people of Palestine. 

Saudi Arabia’s Foreign Ministry on Sunday responded sharply to Netanyahu’s remarks, saying that it rejected “such statements that aim to divert attention from the continuous crimes committed by the Israeli occupation against the Palestinian brothers in Gaza.”

“Deputy Prime Minister/Foreign Minister Senator Mohammad Ishaq Dar stated that the Israeli remark is irresponsible, provocative and thoughtless, which is not only deeply offensive but also undermines and disregards the legitimate rights of the Palestinian people to self-determination and an independent State on their own historical and legitimate territory,” Pakistan’s foreign ministry said. 

Dar said Pakistan stands in solidarity with Saudi Arabia and commends its steadfast support for Palestinians and their cause. 

“Any attempt to undermine Saudi Arabia’s unwavering position and misrepresentation of its commitment to the Palestinian cause are deeply regrettable,” he was quoted as saying by the foreign ministry. 

The deputy prime minister said Pakistan supports the right of Palestinians to establish an independent and sovereign state based on the pre-1967 borders, with Al Quds Al Sharif as its capital. 

“Any proposal that seeks to displace or relocate the Palestinian people from their ancestral homeland is unacceptable and constitutes a blatant violation of international law, United Nations resolutions and the principles of justice and fairness,” the statement said. 

Dar said Pakistan reiterates its “unflinching support” for the Palestinian cause and will continue to work closely with Saudi Arabia and other members of the international community to advocate for the rights of the Palestinian people. 

He called for a “just, comprehensive and lasting solution to the Palestinian issue.”

“Pakistan urges the international community to denounce this provocative remark and hold Israel accountable for its continued attempts to undermine the peace process,” the statement said. 

Netanyahu’s remarks come amid an uneasy six-week truce reached between Hamas and Israel last month which ended 15 months of war.

The truce included the gradual withdrawal of Israeli forces from central Gaza and the return of displaced Palestinians to northern Gaza.

Netanyahu’s comments follow US President Donald Trump’s suggestion earlier this month that Palestinians residing in Gaza should be resettled in Egypt, Jordan or other countries. 

The proposal was rejected by both Egypt and Jordan and countries including Pakistan, prompting condemnation from various international rights groups as well.

Islamabad: Pakistan’s Prime Minister Shehbaz Sharif will visit the United Arab Emirates (UAE) from Feb. 10-11 to take part in the World Governments Summit (WGS), the foreign office said on Sunday, adding that the premier will engage in discussions with world leaders about the future of governance and international cooperation. 

According to the WGS’ official website, over 400 ministers and thousands of industry leaders, experts, and policymakers will head to Dubai for the summit which will be held from Feb. 11-13. As per the WGS, the event will also welcome more than 80 international, regional and intergovernmental organizations to join in the discussion on the future of governance, global challenges and their innovative solutions. 

This will be Sharif’s second visit to the UAE since assuming office in March last year, the foreign office said. He will be accompanied by a high-level delegation including Deputy Prime Minister and Foreign Minister Ishaq Dar and other key members of the federal cabinet. 

“During his visit, the Prime Minister will deliver a keynote address at the WGS, highlighting Pakistan’s vision for inclusive economic growth, digital transformation and governance reforms,” the foreign office said. 

“He will also hold bilateral meetings with the UAE leadership as well as engage with Heads of State/Government from participating countries and leading CEOs of major multinational companies.”

The statement said Sharif’s visit underscores Pakistan’s unwavering commitment to further strengthening its ties with the UAE, fostering greater economic collaboration and exploring new avenues of partnership for mutual prosperity.

The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment valued at over $10 billion in the last 20 years, according to the UAE’s foreign ministry.

Policymakers in Pakistan consider the UAE an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.

It is also home to more than a million Pakistani expatriates, making it the second-largest Pakistani expatriate community worldwide, as per the foreign office, and a major source of foreign workers’ remittances for Pakistan. 

Pakistan and UAE have stepped up efforts in recent years to strengthen their business and investment relations. In January 2024, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure, a Pakistani official said, amid Pakistani caretaker prime minister Anwaar-ul-Haq Kakar’s visit to Davos for the World Economic Forum’s summit.