Saudi Arabia hailed for $20bn investment in Pakistan

Pakistan’s Foreign Minister Shah Mehmood Qureshi is addressing the Business Leaders Conference in Islamabad on Wednesday. (Pakistani foreign ministry)
Updated 14 March 2019
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Saudi Arabia hailed for $20bn investment in Pakistan

  • The minister described the Saudi investment as an important event for Pakistan toward achieving economic stability

ISLAMABAD: Pakistani Foreign Minister Shah Mehmood Qureshi has hailed multi-billion-dollar Saudi investments in his country as a major boost to economic stability.
Speaking at a top-level summit of business leaders in Islamabad, Qureshi praised the Kingdom’s support for Pakistan and recent decision to pump $20 billion into development projects there.
The minister described the Saudi investment as an important event for Pakistan toward achieving economic stability and its ambitious development goals.
Qureshi told summit delegates that Pakistan was a peace-loving country that sought cooperation with its neighbors to bring social and economic security to the region.
He said peace was vital to ensuring regional development and prosperity, stressing that Pakistan was focused on economic diplomacy to address current global challenges.
During his address, Qureshi pointed to the establishment of special economic zones within the framework of the China-Pakistan Economic Corridor project (a collection of infrastructure programs throughout Pakistan), which would encourage investment in Pakistan aimed at promoting sustainable development and economic stability.
On security matters, he said Pakistan faced challenges on its western border with Afghanistan and tension on the eastern border with India, noting that Pakistan’s neighbors were trying to distort its image to the international community in order to undermine its economic successes achieved through international cooperation.
Qureshi added that Pakistan was doing all it could to facilitate the peace process in Afghanistan and stressed the importance of dialogue with India to find ways of resolving all outstanding issues.


Houthi threat to holy sites in Makkah condemned

Updated 21 May 2019
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Houthi threat to holy sites in Makkah condemned

  • Iran-backed militias have no qualms about attacking the holiest place in Islam, says analyst
  • This is not the first time that Houthi militias have targeted Makkah, having fired on the city in July 2017

JEDDAH: The Royal Saudi Air Defense Forces intercepted and destroyed two missiles launched from Yemen by Iran-aligned Houthi militias on Monday. 

The missiles were reported to have been heading toward Makkah and Jeddah. 

A spokesman for the Arab Coalition said that the missiles were destroyed over Taif in the early morning, and that fragments from the first projectile had landed in Wadi Jalil, a valley that extends toward Makkah.

Residents in Jeddah told Arab News that they heard a loud blast early on Monday morning.

This is not the first time that Houthi militias have targeted Makkah, having fired on the city in July 2017.

Videos circulating on social media reportedly show the second missile being intercepted and destroyed in the skies over King Abdulaziz International Airport.

Bahrain’s Foreign Ministry denounced the Houthi attack and commended the Royal Saudi Air Defense Forces for their vigilance. 

Dr. Hamdan Al-Shehri, a Riyadh-based Saudi political analyst and international relations scholar, said: “This isn’t the first time that the Houthis and their masters in Tehran have fired missiles close to the holy city of Makkah.” 

They have no qualms about attacking the holiest place in Islam, he added. 

“They care nothing for the sanctity of the holy month of Ramadan. What they did today, and what they did in the past, clearly reveal their sinister designs to strike at the heart of the Muslim world,” Al-Shehri said.

“Now is the time for all Muslim nations in the world to come to the defense of the holy land. Our sacred places are under attack from Iran, the Houthis and their militias,” he added.

“Mere condemnation won’t do. Iran and the Houthis have crossed a red line, and this calls for deterrent action against Tehran,” he said.

Yemen’s internationally recognized government also condemned the Houthis’ attempt to target Makkah, calling it “a full-fledged terrorist attack.”

Monday’s aggression came as Saudi Arabia warned that recent drone attacks against its oil-pumping stations by the Houthis will jeopardize UN peace efforts in Yemen and lead to further escalation in the region.

Abdallah Al-Mouallimi, Saudi ambassador to the UN, said “seven explosive drones” directed by the Houthis attacked pumping stations on May 14 in the cities of Dawadmi and Afif “on the east-west oil pipeline that transfers Saudi oil to Yanbu port and to the rest of the world.”

He urged UN Security Council members, in a letter circulated on Monday, “to disarm this terrorist militia in order to prevent the escalation of these attacks which increase regional tensions and raise the risks of a broader regional confrontation.”

Al-Shehri said Monday’s attack is a reminder to Muslim nations about the clear and present danger from Iran.  “Tehran timed the attack just as King Salman has called for a meeting in Makkah to discuss the threat from Iran to the Muslim world,” Al-Shehri said.

Saudi security forces have intercepted and destroyed 227 ballistic missiles launched by the Houthis at the Kingdom since 2015.