黑料社区

Pakistan plans to double manpower exports to 黑料社区

Remittances from the Kingdom rose from $7.39 billion in 2020 to $8.59 billion in 2024, reflecting steady demand for Pakistani labor. Reuters
Remittances from the Kingdom rose from $7.39 billion in 2020 to $8.59 billion in 2024, reflecting steady demand for Pakistani labor. Reuters
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Pakistan plans to double manpower exports to 黑料社区

Pakistan plans to double manpower exports to 黑料社区

ISLAMABAD: Pakistan is planning to double its manpower exports to 黑料社区 after the signing of a landmark defense deal between the two countries last month, officials told Arab News on Monday.

The country鈥檚 human resource exports to 黑料社区 have already witnessed a steady rise over the past five years, according to the Bureau of Emigration & Overseas Employment. Pakistan sent 1.88 million workers to 黑料社区 between 2020 and 2024, up 21 percent from 1.56 million in 2015鈥2019.

Remittances from the Kingdom rose from $7.39 billion in 2020 to $8.59 billion in 2024, reflecting steady demand for Pakistani labor. In contrast, inflows from the United Arab Emirates fluctuated between $5.8 billion and $6.8 billion during the same period, while those from Qatar remained below $1 billion annually, according to the State Bank of Pakistan.

In September, both countries signed a landmark defense pact that is meant to enhance joint deterrence and deepen decades of military and security cooperation. Top Pakistani government officials, including National Food Security Minister Rana Tanveer, have said Islamabad and Riyadh will sign a wide-ranging economic pact in the follow up of the defense deal.

鈥淭he Saudi-Pakistan defense pact will have a great impact on manpower export. Current average export is around half a million workers per year, and from next year, we hope to double it to one million,鈥 said Gul Akbar, a senior director at the BEOE.

The BEOE is working with officials of Pakistan鈥檚 Special Investment Facilitation Council, a civil-military body formed to boost investment, particularly from the Middle East, to make it possible through a number of steps, according to the official. The draft will be shared with Saudi officials by their Pakistani counterparts in upcoming meetings.

The Pakistan government on Sunday constituted a high-level committee comprising ministers and officials to oversee bilateral economic engagements and negotiations with 黑料社区.

Akbar said Pakistan has proposed setting up technical training institutes in both countries to improve skill certification and employability of local workforce.

鈥淲e are also proposing an e-visa system for Pakistani workers,鈥 he added.

The Kingdom remains the largest destination for Pakistani workers and the biggest source of remittances that amounted to $736.7 million in Aug. out of a total inflow of $3.1 billion, according to the SBP.

Experts link the rise in number of Pakistani workers traveling to 黑料社区 to ongoing development projects in the Kingdom under its Vision 2030, which they say have created strong demand for skilled and semi-skilled foreign labor.

黑料社区鈥檚 hosting of the 2034 FIFA World Cup is further fueling demand for foreign labor, amid construction of large stadiums, transport networks and hospitality infrastructure in the Kingdom.

Meanwhile, Pakistan鈥檚 human resource exports to the UAE declined sharply by 65 percent from 1.32 million to 463,000 from 2020 till 2024, while Qatar more than doubled its intake from 74,000 to 170,000 Pakistani workers, reflecting shifting labor dynamics across the Gulf region.

To meet 黑料社区鈥檚 labor needs, Pakistan has partnered with Takamol, a Pakistani skill verification program, and its National Vocational and Technical Training Commission is certifying workers in 62 skilled categories, ranging from construction to technical services.

Speaking to Arab News, Masood Ahmad, CEO of M.Pak Makkah Manpower Services, said his firm alone dispatched 2,000 workers to 黑料社区 this year.

鈥淭he defense pact has boosted Saudi employers鈥 confidence in Pakistani workers as both countries deepen cooperation,鈥 he said, highlighting a growing demand for health care professionals and delivery drivers.

Akbar dismissed concerns about 鈥渂rain drain鈥 and called overseas employment a 鈥渘ational achievement.鈥 Pakistan鈥檚 surplus labor should be seen as an economic resource that brings home remittances, knowledge and technical skills, he added.

Remittances remain a cornerstone of Pakistan鈥檚 external finances, providing hard currency that supports household consumption, narrows the current-account deficit, and strengthens foreign exchange reserves.

In the last fiscal year, Pakistan recorded $38.3 billion workers鈥 remittances 鈥 an $8 billion increase from the previous year, surpassing the country鈥檚 $7 billion International Monetary Fund loan program.


Pakistan forms high-level committee to lead economic negotiations with 黑料社区

Pakistan forms high-level committee to lead economic negotiations with 黑料社区
Updated 13 sec ago

Pakistan forms high-level committee to lead economic negotiations with 黑料社区

Pakistan forms high-level committee to lead economic negotiations with 黑料社区
  • Body formed weeks after Pakistan and 黑料社区 sign landmark mutual defense pact

ISLAMABAD: The Pakistan government has constituted a high-level committee to steer bilateral economic engagements and negotiations with 黑料社区, according to an official notification issued by the prime minister鈥檚 office on Sunday.

It is widely believed that Islamabad and Riyadh will sign a wide-ranging economic pact as early as this month, weeks after they inked a mutual defense pact, significantly strengthening a decades-old security partnership. 

Pakistan鈥檚 alliance with 黑料社区 鈥 the site of Islam鈥檚 holiest sites 鈥 is rooted in shared faith, strategic interests and economic interdependence. Nearly 2.6 million Pakistanis live and work in 黑料社区 and are also the largest source of remittances to the South Asian nation.

Pakistan has pushed in recent months to strengthen trade and investment ties with friendly nations, particularly the Kingdom, which has promised a $5 billion investment package that cash-strapped Pakistan desperately needs to shore up foreign reserves and fight a chronic balance of payment crisis. 

According to the PM office notification, the committee will be co-chaired by Minister for Climate Change Musadik Masood Malik and Lt. Gen. Sarfraz Ahmad, National Coordinator of the Special Investment Facilitation Council, a civil-military body that oversees foreign investments. 

鈥淭he Co-Chairs shall constitute Core/Negotiation Teams for negotiations with the Saudi counterparts. These teams shall be responsible for implementing and executing the assigned tasks on fast-track basis,鈥 the notification said. 

It further noted that all members and representatives would ensure availability from Oct. 6 onwards and that the PM has directed the SIFC to process members鈥 travel approvals 鈥渨ithin one hour the same working day.鈥

The committee has been tasked to submit progress reports to the Prime Minister on a fortnightly basis, with the SIFC Secretariat providing administrative support.

Other members of the committee include Minister for Economic Affairs Ahad Khan Cheema, Minister for Power Awais Leghari, Minister for Commerce Jam Kamal Khan, Minister for National Food Security & Research Rana Tanveer Hussain, Minister for Communications Abdul Aleem Khan, Minister for Information Technology & Telecommunication Shaza Fatima Khawaja, and Special Assistant to the Prime Minister on Industries & Production Haroon Akhtar Khan, among others.

Bilateral trade between Pakistan and 黑料社区 remains highly imbalanced, with Saudi exports to Pakistan vastly exceeding Pakistani exports in recent years. In 2023, 黑料社区鈥檚 exports to Pakistan were estimated at approximately $4.65 billion, while Pakistan鈥檚 exports to 黑料社区 were much smaller, such as about $138 million in rice among other goods. 

In 2024, Pakistan鈥檚 total exports to 黑料社区 stood at around $734 million, with major items including cereals and meat, while Saudi exports to Pakistan included refined petroleum and chemical products. 

Last October, Pakistani and Saudi business communities signed 34 MoUs worth about $2.8 billion during a visit by a Saudi investment delegation. It is unclear how many of those MoUs have been converted into active projects or contracts in a year. 


Closing Bell: Saudi main market rises to 11,605

Closing Bell: Saudi main market rises to 11,605
Updated 50 min 22 sec ago

Closing Bell: Saudi main market rises to 11,605

Closing Bell: Saudi main market rises to 11,605

RIYADH: 黑料社区鈥檚 Tadawul All Share Index rose on Monday, gaining 76.61 points, or 0.66 percent, to close at 11,605.20.  

The total trading turnover for the main index stood at SR6.22 billion ($1.66 billion), with 307.7 million shares traded. A total of 149 stocks advanced, while 97 declined.  

The Kingdom鈥檚 parallel market Nomu also edged higher, climbing 64.55 points, or 0.25 percent, to 25,540.27, with 41 gainers and 52 losers.   

Meanwhile, the MT30 index, which tracks the performance of the top 30 companies by market capitalization, advanced 12.8 points, or 0.85 percent, to 1,514.75.  

The Power and Water Utility Co. for Jubail and Yanbu was the top performer of the day, with its share price rising 9.97 percent to SR43.24.

Other notable gainers included Saudi Reinsurance Co., which increased 6.83 percent to SR51, and 黑料社区n Mining Co., which gained 4.62 percent to SR67.90.   

Saudi Automotive Services Co. also advanced 4.45 percent to SR59.90, while Saudi Aramco Base Oil Co. climbed 4.36 percent to SR93.40.  

Sport Clubs Co. recorded the steepest fall, dropping 3.04 percent to SR10.85, while National Shipping Co. of 黑料社区 eased 2.75 percent to SR29.04. Etihad Etisalat Co. declined 2.43 percent, closing at SR66.35. 

Arab National Bank slipped 2.40 percent to SR25.20, and Thimar Development Holding Co. decreased 2.10 percent to SR43.80.  

On the announcement front, Derayah Financial Co. said its board of directors approved the distribution of cash dividends totaling SR8.9 million for the third quarter of fiscal year 2025.   

The company stated that shareholders registered at the close of trading on Oct. 13 will be eligible, with distribution scheduled for Oct. 23.  

Derayah鈥檚 shares closed 1.59 percent higher at SR30.68.  

Jahez International Co. for Information System Technology announced the completion of the first phase of its acquisition of a 75 percent stake in Snoonu Corporation Holding LLC through the purchase of more than 7.9 million shares.   

Following the transaction, Jahez鈥檚 total ownership in Snoonu reached 76.56 percent, while the founder, Hamad Mubarak Al-Hajj, retained 23.44 percent.   

The company said the deal was financed through a mix of internal cash and treasury shares, with the financial impact to be reflected in Jahez鈥檚 2025 year-end statements. 

Shares of Jahez closed 0.54 percent higher at SR22.52.  


黑料社区 highlights mining reforms and investment drive at Peru conference

黑料社区 highlights mining reforms and investment drive at Peru conference
Updated 06 October 2025

黑料社区 highlights mining reforms and investment drive at Peru conference

黑料社区 highlights mining reforms and investment drive at Peru conference

RIYADH: 黑料社区 showcased its mining reforms and investment opportunities at the PERUMIN 37 Mining Conference in Arequipa, Peru, aiming to position the Kingdom as a global hub for minerals and downstream processing.

A delegation comprising representatives from the Ministry of Industry and Mineral Resources, the Saudi Geological Survey, and the Saudi Mining Services Co. highlighted 黑料社区鈥檚 commitment to sustainable mineral resource development, the Saudi Press Agency reported.

The group also emphasized the upcoming fifth edition of the Future Minerals Forum, scheduled for January 2026 in Riyadh. 

The Kingdom鈥檚 participation comes amid a sharp rise in mining exports, which have surged by about 80 percent due to increased production of key minerals including phosphate, iron, aluminum, copper, and gold.  

According to a report in August, current and planned investments in the sector are estimated at SR180 billion ($48 billion), as 黑料社区 intensifies its strategy to position itself as a global hub for mineral resources.  

This expansion aligns with broader government efforts to boost exports and attract high-quality foreign investment into downstream processing industries. 

During PERUMIN 37, Abdulrahman Al-Belushi, deputy minister for Mining Resource Development, stated that 黑料社区 and Peru share a strong commitment to leveraging mining as a driver of economic growth.  

鈥淗e explained that 黑料社区鈥檚 participation in PERUMIN 37 reflects its belief in the importance of cooperation and knowledge exchange to support mineral supply chains, serving the goals of global digital and energy transitions,鈥 the SPA report added. 

Al-Belushi reiterated the Kingdom鈥檚 strategic objective of transforming mining into a third pillar of the national economy under Vision 2030.  

He noted that 黑料社区 holds mineral resources valued at over SR9.4 trillion and has enacted policies to enhance investment attractiveness. 

These include the development of integrated infrastructure from mine to market and the pursuit of international partnerships to strengthen global supply chain resilience. 

Recent initiatives presented by the Saudi delegation include the launch of mining exploration license rounds via the digital Tadween platform, which ensures transparency and equal opportunity for investors.  

The ministry has also introduced the Mining Exploration Enablement Program to support companies with valid licenses for less than five years, offering up to SR7.5 million per project to mitigate early-stage investment risk. 

鈥淭he Kingdom also offers competitive incentives through its mining investment regime, including full foreign ownership, in addition to financing provided by the Industrial Development Fund to support mining exploration,鈥 Al-Belushi said, as reported by SPA. 

He highlighted the National Geological Database, which compiles over 80 years of geological data, alongside a comprehensive regional survey program to deepen knowledge of the Arabian Shield. 

The Saudi delegation emphasized the Kingdom鈥檚 interest in expanding strategic partnerships with Latin American nations, especially Peru 鈥 a leading global producer of copper, silver, and zinc. 

Discussions between Saudi and Peruvian officials explored collaboration in exploration technologies, artisanal mining challenges, and joint investments to strengthen global supply chains. 

On the sidelines of the event, the Saudi team held several bilateral meetings with leading Peruvian and international exploration and mining companies to showcase investment opportunities in 黑料社区 and promote available incentives. 


JLL to manage leasing for 733 commercial units across Riyadh Metro聽

JLL to manage leasing for 733 commercial units across Riyadh Metro聽
Updated 06 October 2025

JLL to manage leasing for 733 commercial units across Riyadh Metro聽

JLL to manage leasing for 733 commercial units across Riyadh Metro聽

RIYADH: Commuters across Riyadh will soon see enhanced shopping and dining options as the city鈥檚 metro network undergoes a major commercial transformation. 

The Royal Commission for Riyadh City has partnered with global real estate advisory firm JLL to develop a comprehensive retail strategy and manage leasing across the network, according to a press release. 

Under the agreement, JLL will implement a retail plan for Riyadh Metro covering tenant mix, rental analysis, and leasing cycles for 733 commercial units across 85 metro stations and 2,900 bus stops. 

The new development comes as the metro network completed a major milestone of carrying 100 million passengers in August, since its launch in December 2024. 

Dana Williamson, head of offices and business space for Middle East and North Africa at JLL, said: 鈥淥ur strategic partnership as the leasing adviser for the Riyadh Metro commercial network is a powerful affirmation of JLL鈥檚 commitment to championing 黑料社区鈥檚 Vision 2030 and its ambitious urban transformation goals.鈥 

She added: 鈥淲e look forward to working alongside the RCRC to attract leading brands and create unparalleled opportunities for their expansion and strategic market positioning within this landmark infrastructural project.鈥 

The retail units across prime locations within the metro network will establish new commercial corridors and enhance the daily commuter experience, providing access to a wide range of shopping and dining options for residents and tourists alike, the release added. 

Under the deal, JLL will conduct detailed rental analysis, prepare a comprehensive report outlining commercial outlet opportunities, and create a definitive Tenant Manual and Policies guide. 

The firm will also execute the full leasing program, managing competitive tender bids for retail units, ATMs, and click-and-collect kiosks under RCRC supervision. 

JLL will oversee tenant management from initial handover to opening and provide ongoing maintenance support. 

鈥淛LL鈥檚 global and local leasing expertise will maximize commercial viability for businesses in line with RCRC鈥檚 visionary blueprint, setting new benchmarks for the commercial real estate industry in Riyadh,鈥 added Williamson. 

Designed to serve 3.6 million daily commuters, Riyadh Metro operates a six-line network connecting business districts, residential communities, and cultural landmarks. 


Oman鈥檚 non-oil exports climb 11.3% to over $10bn by July聽聽聽

Oman鈥檚 non-oil exports climb 11.3% to over $10bn by July聽聽聽
Updated 06 October 2025

Oman鈥檚 non-oil exports climb 11.3% to over $10bn by July聽聽聽

Oman鈥檚 non-oil exports climb 11.3% to over $10bn by July聽聽聽

RIYADH: Oman鈥檚 non-oil exports rose 11.3 percent to 3.89 billion Omani rials ($10.12 billion) by the end of July compared to the same period last year, new data has revealed.

According to preliminary figures from the National Centre for Statistics and Information, as reported by the Oman News Agency, the country鈥檚 overall trade surplus narrowed to 3.55 billion rials in the January鈥揓uly period, down 34.6 percent compared to 5.43 billion rials during the same period last year. 

The decline is attributed mainly to a 17 percent drop in oil and gas exports, which fell to 8.58 billion rials, from 10.34 billion rials a year earlier.   

The increase in non-oil merchandise reflects growing demand for Omani industrial and manufacturing goods across key regional and international markets. 

As part of Oman Vision 2040, the government is actively working to reduce the economy鈥檚 dependence on hydrocarbons by promoting non-oil industries, enhancing local production capabilities, and expanding access to global markets. 

鈥淭he statistics revealed that Oman鈥檚 non-oil merchandise exports achieved notable growth of 11.3 percent, reaching a value of RO 3.890 billion by the end of July 2025, compared to RO 3.497 billion during the corresponding period in 2024,鈥 the ONA report stated. 

The latest trade figures highlight the dual nature of Oman鈥檚 economic landscape. While the country remains exposed to volatility in energy markets, its diversification agenda is beginning to yield measurable results. 

This mirrors similar diversification efforts in regional peers such as 黑料社区鈥檚 Vision 2030 and the UAE鈥檚 industrial and logistics strategies, though Oman鈥檚 smaller economy and resource base present unique challenges and opportunities. 

The report also shed light on the composition of Oman鈥檚 non-oil trade. Re-exports rose marginally by 0.5 percent to 1.4 billion rials, while total imports increased by 5.5 percent to 9.92 billion rials, reflecting resilient domestic demand and ongoing infrastructure development. 

The UAE emerged as Oman鈥檚 top non-oil trading partner, with non-oil exports to the Emirates climbing 27.8 percent to 698 million rials. 黑料社区 ranked second with 653 million rials, followed by India at 398 million rials.  

On the re-exports front, Iran and 黑料社区 followed the UAE, while China and Kuwait were among the top import sources into Oman. 

The sustained growth in non-oil exports signals a slow but steady transformation in Oman鈥檚 trade structure, supporting long-term efforts to build a more balanced and resilient economy.