黑料社区

Pakistan president invites Saudi investment, praises Riyadh鈥檚 support in critical times

Pakistan president invites Saudi investment, praises Riyadh鈥檚 support in critical times
Pakistan President Asif Ali Zardari meets Saudi Ambassador Nawaf bin Said Al-Malki in Islamabad on July 25, 2025. (PID)
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Updated 26 July 2025

Pakistan president invites Saudi investment, praises Riyadh鈥檚 support in critical times

Pakistan president invites Saudi investment, praises Riyadh鈥檚 support in critical times
  • Ali Ali Zardari highlights the historic ties between the two countries in a meeting with the Saudi envoy
  • The meeting came as Pakistan tries to attract foreign investment to accelerate its economic recovery

KARACHI: President Asif Ali Zardari on Friday invited Saudi businesses to explore investment opportunities in Pakistan, underscoring the historic relationship between the two countries and Riyadh鈥檚 critical role in helping Islamabad through difficult times.

Zardari鈥檚 remarks come as Pakistan looks to attract foreign investment to strengthen its economy. 黑料社区 played a key role in stabilizing Pakistan鈥檚 finances in recent years, depositing $2 billion into Pakistan鈥檚 central bank in June 2023 to bolster foreign reserves.

The Kingdom also helped unlock a $3 billion loan from the International Monetary Fund later in the same year.

鈥淧akistan and 黑料社区 enjoy deep-rooted and historic relations based on shared faith and mutual trust,鈥 the president said during a meeting with Saudi Ambassador Nawaf bin Said Al-Malki in Islamabad according to a statement circulated by the presidency. 鈥淲e invite Saudi investors to explore investment opportunities in various sectors of the Pakistani economy.鈥

The Saudi financial assistance to Pakistan two years ago came as the South Asian nation鈥檚 reserves had dropped to a level where it could barely cover a few weeks of imports, bringing the country to the brink of sovereign default.

Zardari expressed appreciation for Riyadh鈥檚 continued support during the meeting and called for deeper engagement between the two nations on regional and international forums.

Pakistan has been trying to further strengthen its economic relations with the Gulf countries amid improving macroeconomic indicators.

It also signed 34 memorandums of understanding worth $2.8 billion with 黑料社区 in October 2024, part of Islamabad鈥檚 broader push to accelerate its economic recovery through export-led growth and foreign investment.


Germany offers money to Afghans to forgo refugee scheme

Germany offers money to Afghans to forgo refugee scheme
Updated 5 sec ago

Germany offers money to Afghans to forgo refugee scheme

Germany offers money to Afghans to forgo refugee scheme
  • Afghans were accepted under refugee scheme set up by previous German government
  • Around 2,000 stuck in Pakistan since new conservative government froze the program

Berlin is offering cash to Afghan refugees in Pakistan if they agree to give up their places on a programme for resettlement in Germany, activists said Tuesday.

The Afghans were accepted under a refugee scheme set up by the previous German government but around 2,000 have been stuck in Pakistan since conservative Chancellor Friedrich Merz took office in May and froze the programme.

According to the initiative Airbridge Kabul, refugees have been sent a letter offering them money and other support in return for exiting the resettlement programme.

In the case of a single woman, the payments would be an initial 1,500 euros (about $1,700) in Pakistan and a further 5,000 euro payment if she travels to Afghanistan or a third country.

A spokeswoman for the interior ministry told AFP that "there are offers within the framework of a voluntary return programme to Afghanistan or departure to another third country".

The German scheme was aimed at Afghans who had worked with German forces in Afghanistan or who were deemed at particular risk from the Taliban, for example journalists, lawyers and human rights activists.

Eva Beyer from Airbridge Kabul said she was not aware of any refugees in the scheme who planned to accept the German government's latest offer and that many had reacted with shock and outrage.

"I've been trembling all over and can't stop crying," read one message from a refugee which Beyer shared with AFP. "I don't want money or bread, I just want to live in safety."

Pakistani authorities have in recent months intensified a crackdown on Afghans living in the country without residency.

Over the summer, more than 200 Afghans who were enrolled in the German programme were deported to Afghanistan.

In September, a German foreign ministry spokeswoman said that "an understanding" had been reached with Pakistan that no further arrests or deportations of those in the programme would take place until the end of the year.

However, according to Airbridge Kabul, there were 17 arrests in late October and the situation for Afghans in Pakistan was aggravated by the military clashes between the two countries last month.

The initiative says that the latest letter to the refugees admits that "the procedures in Pakistan must be fully completed by the end of 2025" but adds that "unfortunately, it cannot be guaranteed that all procedures will be completed in time".

Several groups of Afghans in the resettlement programme have been able to come to Germany after taking the government to court, with a group of 14 arriving last Thursday.