November 21, 2022
1 min read

Pakistan seeks CPEC-style ties with Saudi

On behalf of Pakistan, the minister also expressed the wish to establish CPEC-style economic cooperation with Saudi Arabia…reports Asian Lite News

Pakistan’s Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, said on Sunday that Pakistan has made a joint investment offer to China and Saudi Arabia based on the China-Pakistan Economic Corridor, according to a media report.

On behalf of Pakistan, the minister also expressed the wish to establish CPEC-style economic cooperation with Saudi Arabia, The News reported.

Speaking during a meeting with the Pakistani community at the Consulate General of Pakistan in Jeddah, Iqbal said: “We want to establish CPEC-style economic cooperation with Saudi Arabia as well. Based on CPEC, a joint investment offer has been made to China and Saudi Arabia.”

Pakistan Prime Minister Shehbaz Sharif meets Chinese President Xi Jinping.(photo:facebook.com/ShehbazSharif)

Ahsan also rejected rumours regarding Pakistan going towards a default and said: “News regarding the country defaulting are not true.”

A day earlier, Finance Minister Ishaq Dar had also refuted all rumours related to the oil shortage and widening credit default swap, labelling them as “baseless speculation” being spread for a political agenda.

“There is no truth in the lies PTI has spread. [The government] saved the country from defaulting in six months,” he had said, The News reported.

Ahsan had slammed the PTI for putting Pakistan’s economy at risk during its tenure and said that the government reinitiated CPEC after the previous ruling party messed it up.

The minister added that Pakistan’s economy was at stake due to the previous government’s poor policies. The incumbent government improved the state of economy by adhering to the International Monetary Fund’s (IMF) policies.

ALSO READ: China to resume Belt and Road Forum in 2023: Xi  

Previous Story

India-Australia cooperation on climate action

Next Story

Dreamy opening to FIFA World Cup with BTS’ Jungkook

Latest from -Top News

UK to host summit on Gaza recovery plan

The three-day conference, beginning Monday afternoon, will take place at Wilton Park, the Foreign Office’s policy forum based in West Sussex The UK will host an international summit on the recovery and

India, Australia Begin AUSTRAHIND

The AUSTRAHIND exercise, which followed Defence Minister Rajnath Singh’s recent visit to Australia, reaffirmed the deepening defence cooperation between the two nations…reports Asian Lite News Strengthening the expanding defence partnership between India

‘Modi’s a Very Good Friend’: Trump

Trump’s remarks come days after Modi called him to congratulate on the “success” of the Gaza peace plan….reports Asian Lite News US President Donald Trump on Monday lauded India and described Prime

Delhi, Ottawa Hit Reset

The Canadian Foreign Minister met Prime Minister Narendra Modi and External Affairs Minister S Jaishankar on Monday in New Delhi, vowing to strengthen the ties…reports Asian Lite News As India and Canada

India, US Step Up Trade Talks

The development comes in the backdrop of the new US ambassador Sergio Gor taking charge in the US embassy is New Delhi….reports Asian Lite News India and the United States are progressing
Go toTop

Don't Miss

Pakistan slips further in Press Freedom Index

According to the RSF report, Pakistan has fallen by 12

India Rejects Trump Mediation

He reaffirmed India’s openness to dialogue, but underscored that any