BAFL 51.82 Decreased By ▼ -0.69 (-1.31%)
BIPL 22.37 Decreased By ▼ -0.43 (-1.89%)
BOP 5.63 Decreased By ▼ -0.05 (-0.88%)
CNERGY 4.96 Decreased By ▼ -0.13 (-2.55%)
DFML 18.84 Decreased By ▼ -0.51 (-2.64%)
DGKC 79.66 Decreased By ▼ -1.14 (-1.41%)
FABL 32.51 Decreased By ▼ -0.59 (-1.78%)
FCCL 19.84 Decreased By ▼ -0.39 (-1.93%)
FFL 10.61 Increased By ▲ 0.04 (0.38%)
GGL 13.53 Decreased By ▼ -0.09 (-0.66%)
HBL 124.52 Decreased By ▼ -5.65 (-4.34%)
HUBC 119.55 Decreased By ▼ -3.07 (-2.5%)
HUMNL 7.92 Decreased By ▼ -0.13 (-1.61%)
KEL 4.49 Increased By ▲ 0.04 (0.9%)
LOTCHEM 27.82 Decreased By ▼ -0.10 (-0.36%)
MLCF 41.76 Decreased By ▼ -0.94 (-2.2%)
OGDC 125.24 Decreased By ▼ -0.37 (-0.29%)
PAEL 22.04 Increased By ▲ 0.69 (3.23%)
PIBTL 6.25 Increased By ▲ 0.13 (2.12%)
PIOC 116.05 Decreased By ▼ -1.95 (-1.65%)
PPL 113.96 Increased By ▲ 0.11 (0.1%)
PRL 30.11 Decreased By ▼ -1.69 (-5.31%)
SILK 1.25 Increased By ▲ 0.15 (13.64%)
SNGP 70.12 Increased By ▲ 0.72 (1.04%)
SSGC 13.56 Decreased By ▼ -0.16 (-1.17%)
TELE 9.51 Increased By ▲ 0.27 (2.92%)
TPLP 15.13 Increased By ▲ 0.38 (2.58%)
TRG 97.42 Increased By ▲ 4.57 (4.92%)
UNITY 28.26 Increased By ▲ 0.76 (2.76%)
WTL 1.71 Increased By ▲ 0.05 (3.01%)
BR100 6,781 Decreased By -34.3 (-0.5%)
BR30 23,966 Decreased By -279.4 (-1.15%)
KSE100 66,012 Decreased By -211.3 (-0.32%)
KSE30 22,048 Decreased By -75.1 (-0.34%)

ISLAMABAD: President Dr Arif Alvi has said that Pakistan and Saudi Arabia needed to take meaningful and effective steps to significantly increase the existing bilateral trade volume of $4.6 billion in the year 2021-22.

The president expressed these views while talking to the Ambassador of the Kingdom of Saudi Arabia (KSA), Nawaf bin Saeed Ahmad Al Malikiy, who called on him at Aiwan-e-Sadr on Friday.

Pakistan and Saudi Arabia enjoyed long-standing fraternal ties rooted firmly in the common religion, shared values and culture and have stood by each other through thick and thin regardless of the changes in leadership.

He stated that the people and the Government of Pakistan deeply appreciated the support provided by Saudi Arabia during difficult times especially, the help provided by it during the recent catastrophic climate change-induced “super floods” in the country.

The president said that Pakistan and Saudi Arabia had enjoyed close political ties over the years, however, both countries needed to take meaningful and effective steps to significantly increase the existing bilateral trade volume of $4.6 billion in the year 2021-22 as it did not fully reflect the depth of bilateral relations between the two brotherly countries.

Alvi appreciated the role played by the Kingdom of Saudi Arabia in the Organisation of Islamic Cooperation (OIC) to highlight the issues of Palestine and Kashmir as well as the matters related to Afghanistan.

He also appreciated the KSA’s support in providing an air bridge for delivering relief assistance to the flood affectees in Pakistan and the role played by the Saudi Embassy in Islamabad and the King Salman Humanitarian Aid and Relief Centre in providing relief assistance to the flood victims.

While highlighting the colossal loss of lives, livestock and infrastructure, the President said that the devastating floods had affected more than 33 million people all across Pakistan, killed more than 1,500 people, over one million livestock were lost, and damage to the economy was estimated around $30 billion.

The president also highlighted the human rights violations in the Indian Illegally Occupied Jammu and Kashmir and expressed the hope that the international community would play its due role in ending these violations and urging India to agree to a peaceful resolution of the Jammu and Kashmir dispute in the light of various United Nations Security Council resolutions.

Copyright Business Recorder, 2022


Comments are closed.

President for increasing trade with Saudi Arabia

SBP seen as holding key policy rate as monetary policy committee meets Tuesday

Inter-bank: rupee settles lower against US dollar

Banks in the red as KSE-100 loses some steam

Market cap: Pakistan’s energy giant Mari Petroleum joins billion-dollar club

Fighting intensifies across Gaza, raising alarm over potential exodus into Egypt

Open-market: rupee unchanged against US dollar

Roshan Digital Accounts: inflow clocks in at $137mn in November

Mari Petroleum successfully drills development well in Sindh

IIOJK special status: Pakistan rejects Indian SC verdict on Article 370

India’s top court upholds end of special status for IIOJK