Pakistan PM to attend Riyadh’s Future Investment Initiative

Pakistan’s Prime Minister Imran Khan attends a session during the Shanghai Cooperation Organisation (SCO) summit in Bishkek, Kyrgyzstan June 14, 2019. (REUTERS)
Updated 29 October 2019

Pakistan PM to attend Riyadh’s Future Investment Initiative

  • The Pakistani premier took part in last year’s FII, speaking about the economic opportunities that Pakistan offered and inviting investors to his country

KARACHI: Pakistani Prime Minister Imran Khan will attend the third edition of Future Investment Initiative (FII), which will take place in Riyadh from Oct. 29-31, officials confirmed Friday. The prime minister will be accompanied by top government officials and businesspeople.
The theme of FII 2019 is “What's Next for Global Business?” The event's PR material promises to bring together "decision-makers, leading investors and global experts to explore future economic trends and opportunities, shed light on the future of industries, and discuss how investors can continue to drive overall global prosperity and development."
Pakistan's Foreign Minister Shah Mehmood Qureshi told Arab News on Friday that Khan "tentatively planned" to attend the conference but that details were yet to be confirmed.
The chairman of the Pak-Saudi Joint Chamber of Commerce and Industry, Mian Mehmood, told Arab News, “Tentatively, the prime minister, finance minister and other officials are scheduled to participate in FII 2019 along with business delegations.”
Circulars have also been issued to members of the business community notifying them of the opportunity to participate in the conference, said Dr. Mirza Ikhtiar Baig, senior vice president of the Federation of Pakistan Chambers of Commerce & Industry.
The Pakistani premier took part in last year’s FII, speaking about the economic opportunities that Pakistan offered and inviting investors to his country.


Saudi Arabia could return to extreme precautionary restrictions, minister warns

Penalties will be doubled upon repetition of the violation. (SPA)
Updated 11 min 7 sec ago

Saudi Arabia could return to extreme precautionary restrictions, minister warns

  • People not wearing masks will be fined

JEDDAH: The Kingdom could return to extreme precautionary restrictions if the number of COVID-19 patients exceeds the medical sector’s capacity, Saudi Arabia’s Health Minister Tawfiq Al-Rabiah warned on Saturday.

“Public awareness and adherence to precautionary measures is essential to continue the ease of restrictions,” Al-Rabiah told Al-Arabiya on Saturday. “We continue monitoring the situation based on the number of critical cases in hospitals and their capacity to receive them. We want to be able to receive all cases that reach out to us and provide them with the care that they need. We are all in one boat in this situation, we are one team, and we must work together cautiously. Lack of commitment will definitely take us back to where we were.”

The minister expressed his concern about overcrowding in some public places during the Eid holidays, adding that while crowds were likely at the initial phase of the ‘unlock’ he remained optimistic about the public’s awareness level.

The minister said that although children were the least likely to be infected they could carry the virus without symptoms. He advised families to keep children away from elderly members of their families such as grandparents.

There were 1,618 new cases reported in Saudi Arabia, meaning that 83,384 people have now contracted the disease. There are currently 24,501 active cases.

The Health Ministry announced that 1,870 more patients had recovered from COVID-19, bringing the total number of recoveries to 58,883. More than 70 percent of coronavirus patients in the Kingdom have recovered from the disease.

There were 22 new COVID-19-related deaths reported on Saturday, raising the total number of fatalities to 480.

The ministry has assigned 30 health practitioners to carry out the third stage of an expanded examination plan to assess the prevalence of COVID-19 in the city of Makkah.

FASTFACTS

• 58,883 recoveries

• 24,501 active cases

The examination will take place at a center in the Al-Zaidi district, where citizens and expats will be tested inside their cars through 12 tracks without the need to leave their vehicles. The center has the capacity for over 1,000 tests daily and these will be carried out through appointments made on the ministry’s Sehaty app.

Adjustments to previously announced social-distancing measures and regulations were announced by the Saudi Interior Ministry on Saturday. These include new violation penalties, as the second stage of restriction-easing starts on May 31.

Individuals who intentionally violate regulations will pay SR1,000 ($266). Breaches include not wearing a mask, not committing to social distancing marks and areas, refusing to undergo temperature checks at entrances, or not adhering to preventive protocols if their temperature is higher than 38 degrees Celsius.

The ministry amended the maximum number of people allowed for social gatherings inside homes, rest houses, farms, or in social events such as funerals and parties to 50 people.

Private sector establishments that are found to be non-compliant with new preventive measures and protocols will pay a penalty of SR10,000.

This penalty covers violations such as admitting entry to individuals not wearing medical or cloth masks, lack of disinfectants and sterilizers, not checking employee and customer temperatures at entrances, lack of sterilization on shopping facilities, cart surfaces and shopping baskets after each use, as well as opening fitting rooms and children’s play areas.
Penalties will be doubled upon repetition of the violation.