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.


Around 2.82 million arrested for residency, labor violations in KSA

Around 480,441 were transferred to complete their travel reservations; and 719,801 were deported. (SPA)
Updated 27 min 52 sec ago
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Around 2.82 million arrested for residency, labor violations in KSA

  • 1,166 Saudi citizens were arrested for harboring the violators against local laws, of which 46 are being detained, pending the completion of procedures

RIYADH: Nearly 2.82 million violators of residency, work and border security systems have been arrested in a year-long roundup, according to an official report.
Since the campaign began in November 2017, there have been 2,827,564 offenders, including 2,204,460 for violating residency regulations, 432,461 for labor violations and 190,643 for border violations, the Saudi Press Agency (SPA) reported.
The report said that 47,863 people were arrested while trying to cross the border into the Kingdom, 50 percent of whom were Yemeni citizens, 47 percent were Ethiopians and 3 percent were of other nationalities.
2,015 people were arrested for trying to cross the border into neighboring countries and 3,533 were arrested for involvement in transporting and harboring those violators. 1,166 Saudi citizens were arrested for harboring the violators against local laws, of which 46 are being detained, pending the completion of procedures.
Immediate penalties were imposed against 424,223 offenders; 385,618 were transferred to their respective diplomatic missions to obtain travel documents; 480,441 were transferred to complete their travel reservations; and 719,801 were deported.