ANL 35.65 Increased By ▲ 1.33 (3.88%)
ASC 14.80 Decreased By ▼ -0.05 (-0.34%)
ASL 24.85 Increased By ▲ 0.35 (1.43%)
AVN 91.25 Increased By ▲ 1.01 (1.12%)
BOP 7.79 No Change ▼ 0.00 (0%)
BYCO 10.15 Increased By ▲ 0.10 (1%)
DGKC 124.25 Increased By ▲ 0.05 (0.04%)
EPCL 56.50 Increased By ▲ 0.20 (0.36%)
FCCL 24.16 Decreased By ▼ -0.15 (-0.62%)
FFBL 28.80 Increased By ▲ 1.20 (4.35%)
FFL 16.10 Increased By ▲ 0.05 (0.31%)
HASCOL 9.72 Decreased By ▼ -0.02 (-0.21%)
HUBC 79.25 Decreased By ▼ -0.75 (-0.94%)
HUMNL 6.63 Increased By ▲ 0.19 (2.95%)
JSCL 20.70 Increased By ▲ 0.20 (0.98%)
KAPCO 40.25 Increased By ▲ 0.04 (0.1%)
KEL 3.81 Decreased By ▼ -0.04 (-1.04%)
LOTCHEM 16.20 Decreased By ▼ -0.05 (-0.31%)
MLCF 46.49 Decreased By ▼ -0.11 (-0.24%)
PAEL 35.24 Increased By ▲ 0.14 (0.4%)
PIBTL 10.35 Increased By ▲ 0.02 (0.19%)
POWER 9.17 Decreased By ▼ -0.08 (-0.86%)
PPL 85.35 Decreased By ▼ -0.15 (-0.18%)
PRL 25.00 Decreased By ▼ -0.01 (-0.04%)
PTC 9.72 Increased By ▲ 0.17 (1.78%)
SILK 1.24 No Change ▼ 0.00 (0%)
SNGP 40.50 Increased By ▲ 1.68 (4.33%)
TRG 162.90 Decreased By ▼ -4.50 (-2.69%)
UNITY 31.05 Increased By ▲ 0.40 (1.31%)
WTL 1.42 Decreased By ▼ -0.11 (-7.19%)
BR100 4,836 Increased By ▲ 15.71 (0.33%)
BR30 25,635 Decreased By ▼ -33.99 (-0.13%)
KSE100 45,049 Increased By ▲ 70.52 (0.16%)
KSE30 18,436 Decreased By ▼ -6.45 (-0.03%)

Coronavirus
VERY HIGH
Pakistan Deaths
15,619
11824hr
Pakistan Cases
729,920
431824hr
Sindh
269,474
Punjab
252,974
Balochistan
20,397
Islamabad
66,983
KPK
100,275

LONDON/DUBAI: Saudi Arabia’s foreign minister said on Saturday the kingdom was optimistic that it would have “excellent relations” with the new US administration of President Joe Biden and that it would continue to talk with Washington regarding the Iran nuclear deal.

“I am optimistic. Saudi Arabia has built solid, historical relations where it worked with different administrations. We will continue to do that as well with President Biden,” Prince Faisal bin Farhan Al Saud said in an interview with Arabiya TV.

Biden pledged on the election campaign trail to reassess ties with Saudi Arabia, a state he described as a “pariah” in 2019. Biden has said he will take a firmer stand on Saudi’s human rights record and the devastating Yemen war.

Prince Faisal said that Riyadh will continue to consult with Washington with regards to the Iran nuclear deal. The United States pulled out in 2018 of the 2015 deal between major powers and Iran, under which Iran restrained its nuclear program in return for relief from economic sanctions. “I believe basically the consultations will be around reaching a solid and strong agreement that takes into account Iran’s failure to comply. ..with strong monitoring factors to ensure the implementation of the agreement,” Prince Faisal said.

Biden has said that if Tehran resumed strict compliance with the agreement Washington would too.

Saudi Arabia and its Gulf allies including the United Arab Emirates, concerned about Iran’s ballistic missiles and regional network of proxies, supported Trump’s maximum pressure campaign on Tehran and welcomed his decision to quit the nuclear deal and reimpose sanctions on Iran.

They have said that this time around they should be included in any potential negotiations between the Biden administration and Iran on a new nuclear deal, to ensure it addresses Iran’s missile capabilities and “malign activity”.

The minister reiterated the kingdom’s stance that having a peace agreement with Israel is conditional on implementing the Arab Peace Initiative.