Saudi businesses eye opportunities with $2 billion in deals amid Pakistan’s economic upturn

Special Saudi businesses eye opportunities with $2 billion in deals amid Pakistan’s economic upturn
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In this handout photograph, taken and released by Pakistan’s Press Information Department, Pakistani and Saudi delegations attend meeting to sign multiple agreements during a high-level Saudi delegation visit, headed by Kingdom’s Investment Minister Khalid bin Abdulaziz Al-Falih, in Islamabad on October 10, 2024. (PID)
Special Saudi businesses eye opportunities with $2 billion in deals amid Pakistan’s economic upturn
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In this handout photograph, taken and released by Pakistan’s Press Information Department, Pakistani and Saudi delegations attend meeting to sign multiple agreements during a high-level Saudi delegation visit, headed by Kingdom’s Investment Minister Khalid bin Abdulaziz Al-Falih, in Islamabad on October 10, 2024. (PID)
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Updated 11 October 2024
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Saudi businesses eye opportunities with $2 billion in deals amid Pakistan’s economic upturn

Saudi businesses eye opportunities with $2 billion in deals amid Pakistan’s economic upturn
  • A large Saudi delegation of companies specializing in energy, mining and industry is currently in Pakistan
  • Delegation says economic stability, improved regulations making Pakistan attractive investment destination

ISLAMABAD: Saudi businessmen expressed hope for successful collaborations in Pakistan on Thursday, saying the country’s economic stability and improved regulatory framework had made it an attractive investment destination, following the signing of over two dozen deals between companies from both countries.

The Kingdom’s Investment Minister Khalid bin Abdulaziz Al-Falih is currently in Pakistan on a three-day visit with a large delegation of over 130 members, including representatives from Saudi companies specializing in energy, mining, minerals, agriculture, business, tourism, industry and manpower.

The delegation on Thursday signed 27 agreements and memorandums of understanding (MoUs) worth more than $2 billion with several Pakistani companies.

“We saw much change in [Pakistan’s business] regulations which have become much softer,” Sultan Al Mansour, Chairman of All Care Medical Group, told Arab News, pointing out that Pakistan was gradually moving toward economic stability. “All that positive news is making Pakistan a good spot for investment.”

Last year in June, Pakistan constituted the Special Investment Facilitation Council (SIFC), a hybrid civil-military forum, to facilitate foreign businesses, particularly from Gulf countries.

The Saudi investor hoped for successful collaborations, saying his company had signed two deals with Pakistani businesses developing surgical instruments and operating in the pharmaceutical industry.

“Our [Pakistani] partners will be launching a factory in Saudi Arabia in the foreseeable future,” he informed, adding the South Asian state was rich in human resources and knowledge, and constituted a big market.

Al Mansour said he had collaborated with Hilbro, a Pakistani company that will supply surgical goods to his organization in the kingdom.

Hilbro’s sales and marketing director, Muhammad Bilal Tariq, said his company would initially supply semi-developed products before setting up a manufacturing unit of surgical goods in Saudi Arabia.

“We are planning to build the factory in Riyadh,” he told Arab News.




Pakistan Prime Minister Shehbaz Sharif meets Saudi delegation led by Investment Minister Khalid Bin Abdul Aziz Al Falih in Islamabad on October 10, 2024. (PMO)

Mohammad Almadani, Chief Executive Officer of Classera, one of the region’s largest e-learning ed-tech companies operating in over 40 countries, said his organization had supported numerous ministries of education, training institutions and governments globally to transform education and training.

“We have started a big project called eTaleem which aims to transform education using technology across this great nation [of Pakistan],” he said.

He informed that the first phase of operations had already started by partnering with Pakistan Telecommunication Company Ltd. (PTCL), adding it would use technology to transform education more rapidly and benefit the country’s youth.

“We are talking about 60 million students of Pakistan,” he said.

Almadani noted that human capital was a huge asset, pointing out his collaboration in Pakistan would help advance the country.

Mohammad Al-Hijji, Chairman of the Saudi investment company Engineering Dimension Holding, said it was a good time to join hands with Pakistani businesses due to the government’s investment-friendly policies.

“It is the right time and we are talking about the investment in our partnership with our brethren at Pakistani renewable energy company Welt Konnect, to invest in a 500-megawatt hybrid power project,” he told Arab News.

His Pakistani partner, Habeel Ahmed Khan, termed the collaboration a “great honor.”

“We signed an MoU with our brothers from ED Holding for the 500-megawatt project that we have been developing in the south of Pakistan, almost 45 minutes east of Karachi in the wind corridor of Gharo,” he said.

Sharing details, he said the project would produce about 168 megawatts of wind power and 332 megawatts of solar power.

“It’s going to be one of Pakistan’s first hybrid power projects, which will supply cheap electricity to the national grid,” Khan added.




Saudi Arabia’s Investment Minister Khalid bin Abdulaziz Al-Falih speaks during the inauguration of Pak-Saudi Business Forum 2024 in Islamabad on October 10, 2024. (Photo courtesy: Urdu News)

Ghassan Amodi, Chief Executive Officer of Asyad Holding Group, which is acquiring Shell operations in Pakistan, said the acquisition was part of their strategic plan to expand regionally.

“Our association with Shell is a longstanding relationship, and we look forward to further developing this beyond the borders of Saudi Arabia and now Pakistan. We are also looking for other opportunities,” he said.

Speaking to Arab News, Pakistan’s Petroleum Minister Dr. Musadik Malik said over 130 representatives of around 50 Saudi companies were part of the delegation, adding that many projects and collaborations had been finalized in the energy field during the visit.

“Two Saudi companies have flown into Pakistan, and they will be talking about the upgradation of an old refinery, which is about a billion-and-a-half-dollar project,” he said while informing that Pakistan also expected to finish the study on the greenfield refinery project by December.




Pakistan’s Petroleum Minister Dr. Musadik Malik speaks during the inauguration of Pak-Saudi Business Forum 2024 in Islamabad on October 10, 2024. (PID)

“Then the conversation will begin to move forward on the $7-10 billion project,” he continued.

Malik informed that once the Saudi delegation departs, the government would follow up on an almost weekly or fortnightly basis.

“It will be to see where those contracts are, how those relationships are evolving and if there’s any government-related trouble that we need to troubleshoot and remove,” he explained.


Saudi Arabia’s KSrelief continues relief efforts in Pakistan, Lebanon and Syria

Saudi Arabia’s KSrelief continues relief efforts in Pakistan, Lebanon and Syria
Updated 02 February 2025
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Saudi Arabia’s KSrelief continues relief efforts in Pakistan, Lebanon and Syria

Saudi Arabia’s KSrelief continues relief efforts in Pakistan, Lebanon and Syria
  • The charity distributed 2,160 food packages in Khyber Pakhtunkhwa’s Battagram and Buner districts as well as Sukkur in Sindh
  • The aid was given to families in flood-affected areas as part of the Saudi organization’s Food Security Support Project 2025

RIYADH: The King Salman Humanitarian Aid and Relief Center’s (KSrelief) humanitarian and relief efforts continue with the distribution of food, hygiene supplies as well as the provision of emergency transport services.

In in Ma’arrat Misrin of Syria’s Idlib Governorate, KSrelief handed out 672 food boxes and 672 hygiene kits as part of the second phase of the food aid and hygiene kit distribution project for populations affected by the earthquake in 2025.

In Lebanon’s Akkar Governorate and Miniyeh district, the aid agency during the past week distributed 175,000 bags of bread to Syrian and Palestinian refugees as well as residents of host communities. The initiative was part of the fourth phase of Al-Amal Charitable Bakery Project in the country.

In the Battagram and Buner districts of Khyber Pakhtunkhwa province, as well as the Sukkur district in Sindh province of Pakistan, 2,160 food packages were given to families in flood-affected areas as part of the Food Security Support Project 2025

Meanwhile, KSrelief delivered 125 tons of dates to Sudan as a gift from the Kingdom.

In north Lebanon, the KSrelief-funded ambulance service of Subul Al-Salam Social Association in the Miniyeh district carried out 61 missions during the past week, including transporting patients to and from hospitals and treating burn injuries.


Islamabad lawyers call strike today over ‘unconstitutional’ transfer of judges

Islamabad lawyers call strike today over ‘unconstitutional’ transfer of judges
Updated 02 February 2025
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Islamabad lawyers call strike today over ‘unconstitutional’ transfer of judges

Islamabad lawyers call strike today over ‘unconstitutional’ transfer of judges
  • The development comes a day after Pakistan’s president approved transfer of three judges from Sindh, Balochistan and Lahore to Islamabad High Court
  • Pakistan’s constitution empowers the president to transfer a judge from one high court to another after the concerned judge consents to the decision

ISLAMABAD: The Islamabad Bar Council (IBC), Islamabad High Court Bar Association (IHCBA) and the Islamabad District Bar Association (IDBA) have announced a strike on Monday to protest recent transfer of judges to the Islamabad High Court (IHC), calling them “unconstitutional measures affecting the judiciary and the legal profession.”
The announcement was made after a joint meeting of lawyer bodies a day after President Asif Ali Zardari approved the transfer of three judges from the high courts of Sindh, Balochistan and Lahore to the Islamabad High Court (IHC), amid opposition from five IHC judges.
Zardari approved the transfers of Justice Sardar Muhammad Sarfraz Dogar from the Lahore High Court (LHC), the Sindh High Court’s (SHC) Justice Khadim Hussain Soomro and the Balochistan High Court’s (BHC) Justice Muhammad Asif to the IHC. Local media reported the government was considering elevating Justice Dogar to the post of the IHC chief justice.
In a statement issued after Sunday’s meeting of lawyer bodies, the IBC said the legal fraternity of Islamabad “strongly condemns” the recent notification regarding the transfer of judges from other provinces to the Islamabad High Court, describing the move as a “direct violation of the principles of judicial independence and regional representation.”
“It undermines the autonomy of the Islamabad high Court,” the IBC said. “The legal fraternity of Islamabad ensures its commitment to resist the unjustified transfers and appointments of judges from other provinces.”
Pakistan’s constitution empowers the president to transfer a judge from one high court to another after the concerned judge consents to the decision. The president can approve the transfer after consulting the chief justice of Pakistan and the chief justice of both high courts.
On Friday, five of 10 IHC judges opposed Justice Dogar’s transfer in a letter addressed to the chief justices of the Supreme Court and high courts. The five judges said if the decision to transfer the judge was aimed at elevating him to the post of IHC chief justice, it would be a “fraud on the constitution.”
The IBC said the lawyer bodies will pursue all legal and constitutional avenues to challenge the move and safeguard the “judicial independence of Islamabad.”
“An All-Pakistan Lawyers’ Convention will be held under the Islamabad Bar Council tomorrow... to formulate future strategy,” it said on Sunday.


Pakistan deputy PM reviews preparations for key talks with Qatar next week

Pakistan deputy PM reviews preparations for key talks with Qatar next week
Updated 02 February 2025
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Pakistan deputy PM reviews preparations for key talks with Qatar next week

Pakistan deputy PM reviews preparations for key talks with Qatar next week
  • The bilateral talks in Doha, starting on Feb. 5, are expected to cover areas such as trade, investment and defense collaboration
  • They come at a time when Pakistan is seeking to boost foreign investment and trade to put its fragile economy on path of recovery

ISLAMABAD: Pakistan’s deputy prime minister and foreign minister, Senator Ishaq Dar, has held an inter-ministerial meeting to review preparations for the upcoming Pakistan-Qatar Bilateral Political Consultations in Doha next week, Pakistani state media reported on Sunday.
The bilateral talks in Doha, starting on Feb. 5, are expected to cover key areas, including trade, investment, defense collaboration, and mutual diplomatic interests.
Besides leading Pakistan’s delegation at the talks, Dar will hold meetings with the Qatari leadership, a Pakistani foreign office spokesperson said on Friday.
During Sunday’s meeting, officials briefed the deputy prime minister on the status of various Pakistan-Qatar initiatives, the Radio Pakistan broadcaster reported.
“The deputy prime minister and foreign minister underscored that preparations should be made for substantive, productive and result oriented discussions in Doha,” the report read.
The talks come months after Prime Minister Shehbaz Sharif visited Qatar in Oct. 2024 to bolster economic cooperation between the two countries. Sharif led delegation-level talks with the Qatari emir, Sheikh Tamim bin Hamad Al-Thani, before holding a separate meeting with him to discuss a wide array of issues.
“The leaders reviewed the entire spectrum of Pakistan-Qatar relations, exploring potential avenues for enhanced cooperation in trade, potential areas of investment, energy, and culture,” Sharif’s office said at the time.
Pakistan and Qatar have longstanding economic, defense and cultural relations. In 2022, the Qatar Investment Authority committed $3 billion for projects in Pakistan, spanning airport management, renewable energy and hospitality.
The talks between both countries are occurring at a time when Islamabad is seeking to boost foreign investment and trade to support its dwindling economy, which is on a tricky path to recovery since Pakistan avoided a default in June 2023.


Pakistan demands ‘urgent action’ to protect world wetlands to mitigate climate crisis

Pakistan demands ‘urgent action’ to protect world wetlands to mitigate climate crisis
Updated 02 February 2025
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Pakistan demands ‘urgent action’ to protect world wetlands to mitigate climate crisis

Pakistan demands ‘urgent action’ to protect world wetlands to mitigate climate crisis
  • Wetlands are defined as both freshwater and coastal and marine ecosystems that are vital to human well-being and sustainable development
  • These ecosystems act as natural buffers against floods and function as carbon sinks, which helps mitigate the effects of global warming

ISLAMABAD: Pakistan on Sunday called on the world to take “urgent action” to safeguard wetlands, emphasizing their significant role in environmental preservation, biodiversity, and combating impacts of climate change.
The statement by Romina Khurshid Alam, the Pakistan prime minister’s coordinator on climate change, came on the World Wetlands Day being observed under the theme “Wetlands and Water.” Alam called for strengthened global and national efforts to safeguard these vital ecosystems.
The United Nations (UN) has designated Feb. 2 as World Wetlands Day to commemorate the adoption of the Ramsar Convention on Wetlands in 1971. As part of Pakistan’s commitment to the Ramsar Convention, the country has designated 19 wetlands of international importance, including the famous Keenjhar Lake, Rann of Kutch, and the Haleji Lake, which support a wide variety of wildlife, especially for around 2 million migratory birds from countries in Central Asia, Siberia and northern parts of Europe.
The Pakistan PM’s aide stated that climate change has exacerbated the challenges faced by wetlands in Pakistan, with rising temperatures, changing rainfall patterns, and increasing sea levels causing wetlands to shrink disrupting the delicate balance of these ecosystems.
“As we observe World Wetland Day, it is essential that we commit taking action not just today but every day to safeguard the wetlands and the countless species that depend on them,” Alam said. “By collaborating, we can preserve these precious resources and build a sustainable future of environment.”
Wetlands are defined as both freshwater and coastal and marine ecosystems, and include all lakes and rivers, swamps, marshes, peatlands, estuaries, deltas, tidal flats, mangroves, coral reefs, and underground aquifers.
These areas are vital to human well-being and sustainable development but despite their critical role, wetlands are among the ecosystems with the highest rates of decline, loss and degradation, according to environmental experts.
Alam noted that although Pakistan contributes only 1 percent to global greenhouse gas emissions, it has been ranked among top ten climate-vulnerable nations.
“This stark disparity highlights the country’s heightened risk to the effects of climate change, such as extreme weather events, floods, droughts, and rising temperatures, which pose significant threats to its population, economy, and place additional pressure on its wetland resources,” she said, emphasizing that wetlands act as natural buffers against floods and function as carbon sinks, which helps mitigate the effects of global warming.
Pakistan last year recorded its “wettest April since 1961,” with 59.3 millimeters of rainfall while some areas of the country faced a heat wave in May and June. In 2022, unusually heavy rains triggered flash floods in many parts of the country, killing over 1,700 people, inflicting losses of around $30 billion, and affecting at least 30 million people.
Scientists have attributed Pakistan’s erratic weather patterns to climate change effects and called on countries around the world to take urgent steps to tackle the crisis.
Alam reaffirmed Pakistan’s commitment to protecting these vital ecosystems by strengthening environmental policies, promoting sustainable water management, and working closely with local communities to ensure that wetlands are preserved for future generations.
“Pakistan has shown resilience in the face of climate change, and our government is continuously taking steps to address environmental degradation,” she said. “Wetlands, especially in regions like the Indus Delta, play a crucial role in maintaining the ecological balance and supporting livelihoods.”


Pakistan launches first anti-polio drive of 2025, appreciates Saudi support in disease eradication

Pakistan launches first anti-polio drive of 2025, appreciates Saudi support in disease eradication
Updated 02 February 2025
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Pakistan launches first anti-polio drive of 2025, appreciates Saudi support in disease eradication

Pakistan launches first anti-polio drive of 2025, appreciates Saudi support in disease eradication
  • Pakistan reported a total of 73 polio cases last year amid a resurgence of virus
  • Shehbaz Sharif says Saudi Arabia has pumped in hundreds of millions to fight polio

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday thanked Saudi Arabia for joining hands with Pakistan and its global partners in their fight against polio as he launched a nationwide anti-polio drive, which aims to vaccinate more than 40 million children under the age of five years.
Polio is a paralyzing disease that has no cure. Multiple doses of the oral polio vaccine and completion of the routine vaccination schedule for all children under the age of five is essential to provide children high immunity against this terrible disease.
The Pakistan polio program conducts multiple mass vaccination drives in a year, and this year’s first anti-polio vaccination campaign will formally begin on Monday, Feb. 3 and continue until Feb. 9.
PM Sharif noted that Pakistan reported over 70 cases of the virus last year, while the country has reported one polio case this year, launching the campaign by administering anti-polio vaccine to children in Islamabad.
“Now, our brotherly country, Kingdom of Saudi Arabia, has again joined hands [with Pakistan and global partners] against polio and they have pumped in hundreds of millions of dollars for this purpose,” Sharif said.
“I hope we will be able to, this time around, with coordinated and outstanding team efforts, [we] will be able to eradicate this disease from the face of Pakistan.”
Pakistan reported a total of 73 polio cases in 2024. Of these, 27 were from Balochistan, 22 from Khyber Pakhtunkhwa, 22 from Sindh, and one each from Punjab and Islamabad. The country reported its first case of 2025 in Dera Ismail Khan on Jan. 22.
Pakistan and Afghanistan are the last two countries in the world where polio remains an endemic.
Immunization campaigns have succeeded in most countries and have come close in Pakistan, but persistent problems remain. In the early 1990s, Pakistan reported around 20,000 cases annually but in 2018 the number dropped to eight cases. Six cases were reported in 2023 and only one in 2021.
Pakistan’s polio program began in 1994 but efforts to eradicate the virus have since been undermined by vaccine misinformation and opposition from some religious hard-liners who say immunization is a foreign ploy to sterilize Muslim children or a cover for Western spies. Militant groups also frequently attack and kill members of polio vaccine teams.