PM Sharif invites Saudi investors to Pakistan, offers business facilitation during visit to Kingdom

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Updated 21 March 2025
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PM Sharif invites Saudi investors to Pakistan, offers business facilitation during visit to Kingdom

PM Sharif invites Saudi investors to Pakistan, offers business facilitation during visit to Kingdom
  • Pakistan has tried to strengthened business-to-business relations with Kingdom of Saudi Arabia in recent years
  • Both sides announced in Oct. they had signed 34 memorandums of understanding and agreements worth $2.8 billion

ISLAMABAD: Prime Minister Shehbaz Sharif has invited Saudi businessperson to invest in Pakistan and offered to facilitate them in setting up businesses in the South Asian country, Sharif’s office said on Thursday.
The statement came after Sharif’s meeting with Saudi Investment Minister Khalid Al-Falih and Mohammad Al-Tuwaijri, head of the Joint Task Force for Economic Engagement, during the Pakistan premier’s visit to the Kingdom.
Pakistan has tried to strengthened business-to-business (B2B) relations with Saudi Arabia, with both sides announcing in last Oct. they had signed 34 memorandums of understanding and agreements worth $2.8 billion.
Discussions in Thursday’s meeting focused on strengthening economic cooperation, attracting Saudi investments, and expediting joint initiatives in key sectors, according to Pakistan PM’s office.
“The PM reaffirmed Pakistan’s commitment to facilitating Saudi investors, highlighting the country’s strategic position and investment-friendly policies,” Sharif’s office said in a statement.
“He emphasized Pakistan’s vast potential in energy, infrastructure, agriculture and technology, inviting Saudi businesses to explore opportunities under the Special Investment Facilitation Council (SIFC).”
The Saudi investment minister expressed the Kingdom’s “strong interest” in deepening economic ties with Pakistan, according to the statement.
“They discussed enhancing institutional collaboration to accelerate investment projects and ensure their smooth implementation,” it said.
“Both sides agreed to further strengthen the Pakistan-Saudi economic partnership through structured engagements and swift execution of joint projects.”
Later, Sharif also visited the Prophet’s Mosque in Madinah along with his delegation.




Pakistan’s Prime Minister Shehbaz Sharif (centre) offers prayer at Prophet’s Mosque in Madinah, Saudi Arabia, on March 20, 2025. (PID)


Sharif is on a four-day visit to the Kingdom to strengthen trade and investment ties. The two countries enjoy close defense, diplomatic, political and cultural relations, though they have further consolidated their relations in recent years as Pakistan grappled with a prolonged economic crisis and sought the kingdom’s help.
The Kingdom is also home to more than two million Pakistani expatriates and serves as the top source of remittances.


Peace in Afghanistan necessary for regional stability, says Pakistani envoy amid surging tensions

Peace in Afghanistan necessary for regional stability, says Pakistani envoy amid surging tensions
Updated 52 min 26 sec ago
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Peace in Afghanistan necessary for regional stability, says Pakistani envoy amid surging tensions

Peace in Afghanistan necessary for regional stability, says Pakistani envoy amid surging tensions
  • Muhammad Sadiq Khan is on a three-day visit to Afghanistan to discuss bilateral matters amid surging militancy 
  • Army says 16 militants attempting to enter Pakistan via Afghanistan gunned down in North Waziristan district

ISLAMABAD: Peace and progress in Afghanistan are necessary for regional stability, Pakistan’s special envoy Muhammad Sadiq Khan said on Sunday, amid rising tensions between the neighboring countries due to militancy. 

Khan, Pakistan’s special representative to Afghanistan, is on a three-day visit to the country to discuss bilateral matters with Afghan officials. His visit takes place amid tense relations between the two countries due to a mix of security, political and border issues, with Islamabad accusing the Taliban-led interim government in Kabul of providing safe haven to anti-Pakistan militant groups facilitating cross-border attacks. Kabul has denied the allegations.

The friction escalated after a recent targeting of a passenger train in Pakistan’s southwestern Balochistan province, claimed by the separatist Baloch Liberation Army (BLA). Pakistani officials said the BLA fighters remained in contact with “handlers” based in Afghanistan during the attack that lasted for two days and involved hundreds of hostages.

“Peace and progress in Afghanistan is essential for regional stability,” Khan was quoted as saying by Pakistan’s embassy in Kabul on the occasion of Pakistan’s Republic Day. 

“Pakistan and Afghanistan must synergize their efforts to foster regional economic development.”

Pakistan’s special envoy, Muhammad Sadiq Khan, attends the flag hoisting ceremony at Pakistan's embassy in Kabul on March 23, 2025, on Republic Day. (Muhammad Sadiq Khan/X)

The Pakistani envoy described Afghanistan as “one of the most important regional partners” of his country, stressing the need for both to work together to enhance bilateral trade and regional connectivity. 

“Pakistan remains committed to a strong and mutually beneficial bilateral relationship with Afghanistan,” Khan said.

Meanwhile, Pakistan’s military said in a statement on Sunday that it gunned down 16 militants who attempted to cross into Pakistan from Afghanistan on the night between Mar. 22-23 in the North Waziristan district. 

“Pakistan has consistently been asking Interim Afghan Government to ensure effective border management on their side of the border,” the Inter-Services Public Relations (ISPR), the military’s media wing, said.

“Interim Afghan Government is expected to fulfil its obligations and deny the use of Afghan soil by Khwarij for perpetuating acts of terrorism against Pakistan.”

The ISPR said Pakistan’s security forces are committed to securing its borders and eliminating “terrorism” from the country.

Pakistan’s ties with Afghanistan were also strained after the former launched a nationwide deportation campaign targeting undocumented foreigners, mostly Afghans, in November 2023, shortly after a series of deadly suicide bombings that officials blamed on Afghan nationals.

The move, which added to diplomatic tensions between the two countries, has so far led to the repatriation of more than 800,000 Afghans. Many of them had lived in Pakistan since fleeing the Soviet invasion of their country in 1979.

The Pakistani government earlier this month also directed Afghanistan Citizen Card holders to leave the country by March 31, warning they would face deportation if they failed to comply.


In Pakistani capital, Ramadan night festival showcases over 100 small businesses

In Pakistani capital, Ramadan night festival showcases over 100 small businesses
Updated 23 March 2025
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In Pakistani capital, Ramadan night festival showcases over 100 small businesses

In Pakistani capital, Ramadan night festival showcases over 100 small businesses
  • ‘Winter Fete Suhoor and Eid Night Bazaar’ event features businesses selling home decor, food, textiles and fashion accessories
  • Entrepreneurs praise festival for helping establish relationships with potential customers, building brand awareness 

ISLAMABAD: A vibrant Ramadan festival held in Pakistan’s capital city Islamabad this week featured over 100 small businesses and their products ranging from handcrafted textiles to homemade food items, bringing together entrepreneurs, food lovers and eager shoppers. 

The ‘Winter Fete Suhoor and Eid Night Bazaar,’ initially conceived as an annual event, has now grown into a bi-monthly tradition. It offers a vital launching pad for startups and home-based businesses to showcase their products. 

The latest edition of the festival was held at founder Sabeen Abdal’s house in Islamabad on Saturday, Mar. 22, from 6:00pm to 1:30am. It featured an eclectic mix of businesses selling home decor, handcrafted textiles, food items and fashion accessories.

“We started this as an opportunity for startups who don’t have storefronts to showcase their products,” Abdal told Arab News. 

“There’s a big shortage of such events in our city, so now we host an event every two months,” she explained. “Many of our vendors are women-led businesses and startups, which makes this even more special.”

A visitor inspects clothes at ‘Winter Fete Suhoor and Eid Night Bazaar’ event in Islamabad, Pakistan, on March 22, 2025. (AN photo)

Zara Nadeem, an entrepreneur whose business specializes in wardrobes and home decor, agreed. She said the festival was an opportunity for entrepreneurs such as herself to engage with potential customers.

“Events like this help us create brand awareness and consolidate our brand,” Nadeem, who recently opened her first showroom, said. 

“We are trying to shift the mindset that quality only comes from imported products. We want to produce high-quality items locally in Pakistan.”

A vendor awaits customers at her mehndi stall at the ‘Winter Fete Suhoor and Eid Night Bazaar’ event in Islamabad, Pakistan, on March 22, 2025. (AN photo)

Jumana Vijlani, an entrepreneur who recently launched her fashion jewelry business, said the festival was proving to be a stepping stone for her to gain much-needed brand exposure.

“We are a new startup, and it has only been a few months since we began,” Vijlani said. “Events like these provide us with much-needed opportunities to advertise and boost our sales.”

Beyond shopping, the festival served as a lively social gathering where visitors connected with friends and family while supporting small businesses. 

The food stalls were a major attraction, offering popular Ramadan treats such as dahi bhallay, chaats, and traditional teas.

Hina Raza, the owner of a home-based food business, shared how such festivals play a crucial role in motivating her to pursue her passion for cooking after leaving her teaching career. 

“A year ago, I left teaching to pursue this full-time, and events like this not only help us financially but also motivate and uplift us,” Raza said. 


Pakistan PM says will announce relief in electricity costs ‘soon’ 

Pakistan PM says will announce relief in electricity costs ‘soon’ 
Updated 23 March 2025
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Pakistan PM says will announce relief in electricity costs ‘soon’ 

Pakistan PM says will announce relief in electricity costs ‘soon’ 
  • Shehbaz Sharif chairs high-level meeting on matters relating to Pakistan’s Power Division
  • Pakistan’s energy sector has struggled with financial strain due to circular debt, power theft

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif said on Sunday he would “soon” announce a comprehensive package providing relief to the masses in terms of electricity prices, state-run media reported. 

Pakistan has aggressively pursued reforms in its energy sector, which has long struggled with financial strain due to circular debt, power theft and transmission losses. These problems have led to blackouts and high electricity costs in the country.

Sharif chaired a meeting in Islamabad to review matters related to the Power Division on Sunday, state broadcaster Radio Pakistan reported. 

“Prime Minister Shehbaz Sharif says a comprehensive package will be announced soon to provide relief to the public in electricity costs,” the state broadcaster said.

Sharif said his government would be able to provide more relief to the people in prices of electricity due to its recent power reforms. 

He directed authorities to expedite the process of privatizing power distribution companies, urging them to resolve legal or other matters relating to the liquidation of power generation companies.

The Pakistani premier said promoting renewable energy was a “priority” of his government, clarifying that there is no change in the government’s policy on solar energy.

The clarification comes as Pakistan’s Economic Coordination Committee (ECC) earlier this month revised the buyback rate for solar net-metering electricity from Rs27 per unit to Rs10 per unit, saying the move was intended to ease the burden on grid consumers. 

Pakistan has sought to ease fiscal pressure aggressively in recent months by undertaking energy reforms that reduce tariffs and slash capacity payments to independent power producers (IPPs). 

The federal cabinet approved a plan in January to renegotiate agreements with 14 IPPs in its bid to lower electricity costs and address the country’s mounting circular debt.


New Zealand hand sorry Pakistan biggest defeat to clinch T20 series

New Zealand hand sorry Pakistan biggest defeat to clinch T20 series
Updated 23 March 2025
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New Zealand hand sorry Pakistan biggest defeat to clinch T20 series

New Zealand hand sorry Pakistan biggest defeat to clinch T20 series
  • New Zealand amass 220-6 before dismissing Pakistan for paltry 105 in 17th over
  • Jacob Duffy claims 4-20, fellow seamer Zak Foulkes 3-25 to trigger Pakistan collapse

Mount Maunganui, New Zealand: New Zealand’s ruthless pace attack carved up Pakistan to deliver a crushing 115-run win in the fourth Twenty20 on Sunday and clinch the five-match series.
The home side moved 3-1 ahead after defending 220-6 in Mount Maunganui and then dismissing a ragged Pakistan for just 105 in the 17th over.
Jacob Duffy claimed 4-20 and fellow seamer Zak Foulkes 3-25 as Pakistan suffered their biggest T20 loss by runs against all nations, eclipsing a 95-run defeat against New Zealand in Wellington nine years ago.
The tourists were reduced to 9-3 after two overs with Duffy bagging two scalps in his first over, both caught by wicketkeeper Mitch Hay.
Duffy’s first victim was Hasan Nawaz for one, two days after the Pakistan opener blasted a maiden century in game three in Auckland to keep the series alive.
Teetering at 56-8, Pakistan’s innings had some credibility restored thanks to 44 off 30 balls from allrounder Abdul Samad.
The only other batsman to score in double figures was Irfan Khan with 24.
It was New Zealand’s second biggest T20 win by runs, nearly surpassing their 119-run drubbing of the West Indies in 2018, at the same Bay Oval venue.
Earlier, Finn Allen raced to 50 off just 20 balls, putting on 59 for New Zealand’s opening stand with Tim Seifert, whose 44 took 22 deliveries.
Seifert was the first of three batsmen dismissed by seamer Haris Rauf, who claimed 3-27.
Allen struck six fours and three sixes while captain Michael Bracewell was nearly as effective at the death, blasting 46 not out off 26 balls.
Game five is in Wellington on Wednesday.


Pakistan expresses solidarity with Niger after 44 killed in mosque attack

Pakistan expresses solidarity with Niger after 44 killed in mosque attack
Updated 23 March 2025
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Pakistan expresses solidarity with Niger after 44 killed in mosque attack

Pakistan expresses solidarity with Niger after 44 killed in mosque attack
  • Armed militants opened fire on worshippers in mosque at Niger’s Kokorou town on Friday 
  • Shehbaz Sharif says attack painful reminder “terrorism” recognizes neither faith nor humanity 

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Sunday condemned the mosque attack in Niger this week that killed at least 44 people, expressing solidarity with the African country as it reels from the tragedy. 

At least 44 people were killed when militants opened fire on worshippers in a mosque on Friday in Niger’s rural border town of Kokorou, the country’s interior ministry said in a statement on Friday. 

West Africa’s Sahel region, which includes Niger, has seen an uptick in violence in recent years following the rise of armed fighters linked to Al-Qaeda and Daesh groups that took over the territory in northern Mali after the 2012 Tuareg rebellion.

“Pakistan stands in solidarity with the people of Niger as they mourn the horrific loss of innocent lives in Kokorou, Niger,” Sharif wrote on social media platform X. 

“The attack on worshippers, particularly during the sacred month of Ramadan, is a painful reminder that terrorism recognizes neither faith nor humanity,” he added. 

The African country said that the attack took place early in the afternoon as people were attending a prayer service at the mosque during the holy month of Ramadan.

The Pakistani prime minister condemned the “barbarity” in strong words, saying that his country shares in Niger’s grief. 

Niger’s defense ministry blamed the attack on Daesh affiliate EIGS in a statement late on Friday. EIGS did not respond to the allegations. 

Niger frequently fights armed groups in the region, with civilians often becoming casualties of the violence.

Since July 2023, at least 2,400 people have been killed in Niger, according to ACLED, a non-governmental organization that gives armed conflict location and event data.