Pakistan Set to Sign Agreements Worth $2 Billion with Saudi Arabia
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Prime Minister Shehbaz Sharif Tuesday said a Saudi delegation was also scheduled to visit Pakistan and MoUs and agreements worth $2 billion are expected to be signed.
During the federal cabinet meeting, the prime minister thanked China, Saudi Arabia, and the UAE for their support in obtaining the IMF loan facility and mentioned last week’s successful visit of Malaysian Prime Minister Anwar Ibrahim when the two sides agreed that Pakistan would export Halal meat and rice to Malaysia, state news agency (APP) reported.
He said consequent to the finest level of teamwork, the IMF program had been approved, inflation was reduced from 32 percent to 6.9 percent, exports, remittances, and IT exports were increasing and the stock exchange was skyrocketing.
He said sabotaging all these efforts for the sake of their politics would be the biggest conspiracy to the country.
Highlighting his government’s reform agenda, he mentioned the doubled number of tax return filers, broadening the tax base, and the digitization of FBR.
The premier said that a peaceful and secure atmosphere was inevitable to attract investment. Thanking the IMF chief for her support in approving the IMF facility for Pakistan, the prime minister said that she was also appreciative of the reforms introduced by the incumbent and the caretaker governments.
He also drew cabinet members’ attention to an attack that took place near Karachi airport killing two Chinese engineers and injuring another, despite the government’s all-out efforts to ensure their security.
He apprised the meeting of his telephonic conversation with the Chinese ambassador in Islamabad and a condolatory visit to the Chinese embassy where he reiterated his government’s assurance to leave no stone unturned to make the security of Chinese nationals unreachable.
Reference Link:- https://propakistani.pk/2024/10/08/pakistan-set-to-sign-agreements-worth-2-billion-with-saudi-arabia/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
