Pakistan PM leaves for Saudi Arabia to attend Future Investment Initiative conference

Pakistan Prime Minister Shehbaz Sharif boards the plane en route to Saudi Arabia on October 29, 2024. (Government of Pakistan)
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Updated 29 October 2024
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Pakistan PM leaves for Saudi Arabia to attend Future Investment Initiative conference

  • FII conference to focus on global investments aimed at addressing issues such as AI, robotics, education and energy 
  • Shehbaz Sharif expected to hold talks with Crown Prince Mohammed bin Salman, key Saudi officials during two-day trip 

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Tuesday left for a two-day visit to the Kingdom where he will attend the eighth edition of the Future Investment Initiative (FII) conference in Riyadh, his Pakistan Muslim League-Nawaz (PML-N) party said. 

The FII conference started in 2017 as an annual event bringing people together to invest in the most promising solutions worldwide. It serves as an important platform for countries to showcase their economic strength, draw foreign investments, and engage in dialogue to shape a sustainable future. 

The eighth edition of the conference will be held from Oct. 29-31 under the theme: ‘Infinite Horizons: Investing Today, Shaping Tomorrow,’ and is expected to feature discussions on how investment can serve as a catalyst for a prosperous and sustainable future. 

“Prime Minister Muhammad Shehbaz Sharif departs for his two-day official visit of Kingdom of Saudi Arabia to represent Pakistan in Future Investment Initiative,” the PML-N wrote on Instagram. 

The foreign office said in an earlier statement that Sharif will hold bilateral talks with Saudi Crown Prince Mohammed bin Salman and other officials of the Kingdom during his visit. 

“The two sides will discuss economic and strategic partnership between Pakistan and the Kingdom of Saudi Arabia and explore bilateral cooperation in the economic, energy, and defense domains,” the statement said. 

It added that Sharif is also expected to engage with participating leaders and entrepreneurs at the FII conference. 

In April this year, Sharif met the Saudi crown prince on the sidelines of a special meeting of the World Economic Forum in Riyadh. The two figures had discussed bilateral ties and regional issues, including Israel’s war on Gaza, according to Sharif’s office.

Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as the top source of remittances to the cash-strapped South Asian country.

Both Pakistan and Saudi Arabia have also been closely working to increase bilateral trade and investment deals, and the Kingdom this year reaffirmed its commitment to expedite an investment package worth $5 billion.

Islamabad has sought to bolster its trade and investment ties with regional countries, including those in the Middle East, to escape a prolonged macroeconomic crisis that has depleted its foreign exchange reserves over the past couple of years and pushed inflation to double-digit figures. 


Glacial floods alert issued for northwest Pakistan with more heavy rain forecast

Updated 26 July 2025
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Glacial floods alert issued for northwest Pakistan with more heavy rain forecast

  • Pakistan is seeing above-normal monsoon rains, raising fears of a repeat of the 2022 floods
  • Despite low emissions, the country remains among the most climate-vulnerable nations

PESHAWAR: Pakistan on Saturday warned of glacial flooding in the northwest with more rain forecast for the area in the coming week.

Downpours are heavier in Khyber Pakhtunkhwa province than the same period last year, prompting weather adviseries and alerts for flooding from glacial lake outbursts, said Anwar Shahzad, a spokesperson for the local disaster management authority.

A letter from the authority sent out mid-July said “persistent high temperatures may accelerate snow and glacier melt and subsequent weather events” in vulnerable parts of the region.

Dr. Abdul Samad, from the Khyber Pakhtunkhwa Tourism Department, said rescue teams evacuated more than 500 holidaymakers from Naran after a cloudburst overnight Friday caused a road closure. Authorities deployed heavy machinery to remove debris and restore access.

In the neighboring Gilgit-Baltistan region, the government said it had distributed hundreds of tents, thousands of food packets, and medicine to flood-affected communities.

Spokesperson Faizullah Firaq said Saturday there was “severe destruction” in some areas and damage to houses, infrastructure, crops, and businesses.

Search operations were underway to find missing people on the Babusar Highway, where flooding struck nine villages. Helicopters rescued tourists stuck in the popular spot of Fairy Meadows, he added.

Pakistan has received above-normal rainfall this monsoon season, raising concerns of a repeat of the devastating 2022 floods that submerged a third of the country and killed 1,737 people. Some 260 have died across Pakistan so far this season, which runs through to mid-September.

Pakistan is one of the countries most vulnerable to climate change, but one of the lowest contributors to greenhouse gas emissions.


Pakistan PM pledges sustained diplomatic push to end Gaza aid blockade

Updated 26 July 2025
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Pakistan PM pledges sustained diplomatic push to end Gaza aid blockade

  • Israel’s blockade has drastically restricted access of food, water and medical supplies
  • UN, aid groups warn of mass starvation and malnutrition, especially among children

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday vowed to continue diplomatic efforts to challenge Israel’s aid and humanitarian blockade in Gaza, as he spoke by phone with Hafiz Naeem-ur-Rehman, leader of the Jamaat-e-Islami (JI) party, which has been actively supporting deliveries of basic necessities to Palestinians.

In recent weeks, Gaza has faced a worsening humanitarian crisis, as Israel’s blockade, imposed since the beginning of March, has drastically restricted access of food, water and medical supplies.

The United Nations and aid groups have warned of mass starvation and malnutrition, especially among children, with only a few aid trucks allowed to enter Gaza, which is home to about two million inhabitants.

“Pakistan will continue vigorous diplomatic efforts to end Israel’s suspension of aid to Gaza and restore delivery of food and essential supplies to starving Palestinian brothers and sisters,” Sharif said, as per a statement shared by his office.

He also reaffirmed Pakistan’s moral and diplomatic support for the people of Palestine, commending JI and its charitable arm, Al-Khidmat Foundation, for their domestic campaigns to raise and send relief aid to Gaza.

The JI chief urged Sharif to lobby the international community to help facilitate a ceasefire and humanitarian corridor into Gaza, saying that Palestinians and the entire Muslim world look to Pakistan for leadership.


US, Central Asian defense chiefs join Pakistan for rare regional security talks in Islamabad

Updated 26 July 2025
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US, Central Asian defense chiefs join Pakistan for rare regional security talks in Islamabad

  • Pakistan’s army chief calls for military-to-military cooperation, strategic dialogue amid hybrid and transnational threats
  • The participants expressed commitment to upholding peace and confronting challenges like militancy, cyber insecurity

ISLAMABAD: Pakistan hosted a rare regional defense conference on Saturday, with officials from the United States joining their counterparts from four Central Asian republics to discuss enhanced military cooperation and counterterrorism coordination in the neighborhood.

The US maintained a significant military presence in the region through Afghanistan until the withdrawal of international forces in August 2021. The conference in Islamabad marked the first multilateral defense engagement of its kind hosted by Pakistan amid a gradual thaw in relations between Islamabad and Washington, with participation from Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

Many of the participating Central Asian states share borders with or lie close to Afghanistan and remain exposed to the spillover effects of militant violence, narcotics trafficking and regional instability.

Pakistan, which shares a porous frontier with Afghanistan, has repeatedly called for deeper security cooperation to confront shared threats in the aftermath of the Afghan conflict.

“In an era defined by transnational threats and complex hybrid challenges, the imperative for deeper military-to-military cooperation, strategic dialogue and mutual trust is paramount,” Pakistan’s Chief of Army Staff Field Marshal Syed Asim Munir said during his opening address, according to a statement released by the military’s media wing.

“Pakistan remains fully committed to working with partner nations to build a secure and prosperous regional environment,” he added.

Earlier, the army chief welcomed the participants of the Regional Chiefs of Defense Staff Conference, held under the theme “Strengthening Bonds, Securing Peace.”

The event focused on strengthening regional security partnerships, expanding joint training efforts and improving crisis response mechanisms.

Delegates also discussed the strategic landscape in South and Central Asia, with emphasis on evolving threats, sovereignty concerns and military diplomacy.

The official statement said the participants reaffirmed their commitment to upholding peace, respecting national sovereignty and confronting common challenges including militant violence and cyber insecurity.

Delegates praised Pakistan’s role in convening the meeting and commended its leadership, hospitality and efforts to promote regional defense diplomacy.


PM Sharif orders swift release of funds for remittance scheme after record $38.3 billion inflows

Updated 26 July 2025
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PM Sharif orders swift release of funds for remittance scheme after record $38.3 billion inflows

  • Workers’ Remittances Incentive Scheme encourages overseas Pakistanis to use official banking channels
  • The scheme offers priority processing, fee waivers and reward points for frequent or high-volume senders

KARACHI: Prime Minister Shehbaz Sharif on Saturday directed the finance ministry to release funds on a priority basis for the Workers’ Remittances Incentive Scheme, reaffirming his administration’s commitment to facilitating formal remittance flows after overseas Pakistanis sent a record $38.3 billion in the last fiscal year.

The scheme, introduced in 2023, aims to encourage Pakistanis living abroad to use official banking channels instead of informal networks such as hawala or hundi. It offers benefits including simplified digital transfers, priority processing, fee waivers and reward points for frequent or high-volume senders.

The program is also integrated with Roshan Digital Accounts (RDAs), which allow non-resident Pakistanis to invest in domestic stocks, real estate and government securities.

“Overseas Pakistanis are our strength and a national asset,” Sharif said in a statement issued by the Prime Minister’s Office. “Their hard-earned remittances play a vital role in Pakistan’s development, and the entire nation, including myself, holds them in the highest regard.”

The prime minister noted that remittances have not only helped meet Pakistan’s rising import bill but have also contributed to strengthening foreign exchange reserves.

“From laborers to entrepreneurs, every overseas Pakistani is playing a part in the country’s progress,” he added.

Sharif said the surge in remittances during FY2025 was key to achieving Pakistan’s first current account surplus in 14 years.

He also pledged to remove administrative and procedural bottlenecks in the remittance system, calling for it to be made “simpler, more transparent and more efficient.”

Remittances form the backbone of Pakistan’s economy, providing a vital source of foreign exchange that eases pressure on the current account and supports millions of households through spending on education, health care and daily needs.

In times of crisis, they have served as a financial lifeline, helping stabilize reserves and maintain macroeconomic balance.


Pakistan vows to eliminate ‘Indian-sponsored’ militants amid Balochistan insurgency spike

Updated 26 July 2025
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Pakistan vows to eliminate ‘Indian-sponsored’ militants amid Balochistan insurgency spike

  • Mohsin Naqvi, Sarfraz Bugti meet in Quetta, review counterterror efforts in Balochistan
  • They highlight full federal-provincial coordination against separatist groups like the BLA

QUETTA: Pakistan on Saturday vowed to bring what it described as “Indian-sponsored” militants to justice, as federal and provincial leaders met in Quetta to address a growing wave of insurgent attacks in Balochistan, the country’s largest and most volatile province.

Balochistan, which borders Afghanistan and Iran, is strategically significant due to its vast mineral resources and its role as a transit hub for the China-Pakistan Economic Corridor (CPEC). However, the province has long been plagued by a separatist insurgency, with militant groups such as the Balochistan Liberation Army (BLA) intensifying their attacks in recent years.

Islamabad describes these groups as proxies for Indian intelligence, branding them “Fitna-e-Hindustan”, or India’s mischief. New Delhi denies any nexus with these groups.

Federal Interior Minister Mohsin Naqvi and Balochistan Chief Minister Mir Sarfraz Bugti held a high-level law and order meeting to review the ongoing counterterror operations and the implementation of a new Provincial Action Plan aimed at stabilizing the region.

“Indian-sponsored terrorists and their facilitators have no place to hide in Pakistan and will be brought to justice at all costs,” Naqvi said while chairing the meeting, according to an official statement. “Those challenging the writ of the state will be dealt with an iron hand.”

The interior minister said the federal government stood “shoulder to shoulder” with the Balochistan government in its war, adding that full coordination exists between national and provincial authorities.

Bugti briefed the meeting on Balochistan’s Provincial Action Plan, which he also mentioned earlier this month.

He noted that it focused on intelligence-led operations, faster threat response, and outreach to disaffected youth. It also highlighted bureaucratic and operational bottlenecks that have hindered previous efforts.

“This war is not only the responsibility of the security forces but of the entire nation,” he said. “The sacrifices of our people and institutions will not go in vain.”

Balochistan has witnessed several high-profile militant attacks since the beginning of the year. Among them, a passenger train hijack by the BLA in March and a suicide bombing in May targeting a school bus in Khuzdar that killed several children made international headlines.

The separatist insurgents also routinely target security forces, civilians, and non-local workers in coordinated and targeted attacks.