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Saudi Arabia asks Shehbaz to perform Umrah, so he anticipates meeting MBS.

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According Pakistani reports, Saudi Arabia has extended an invitation to Prime Minister Shehbaz Sharif to perform Umrah because it anticipates that during his visit, he will meet Crown Prince Mohammed bin Salman.

The invitation is extended at a time when Pakistan is in dire need of foreign investment to boost its faltering economy, which has been severely impacted by the depreciation of the currency, ongoing inflation, and historically high interest rates.

The sources claim that once the prime minister’s meeting with the Saudi crown prince, who serves as the de facto ruler of the oil-rich Gulf State, is finalized, he will depart for Saudi Arabia.

The two presidents will discuss a number of these endeavors as talks to formally define several projects for Pakistan are already under way.

According to the sources, a delegation from Barrick Gold recently visited Pakistan and spoke with Shehbaz and other high-ranking officials. As a result, it is anticipated that Saudi Arabia will spend $1 billion in the Reko Diq project in the coming weeks.

50% of Reko Diq is owned by Barrick, with the remaining 50% being jointly held by the province of Balochistan and the Pakistani government.

Chief Executive Officer of Barrick, Mark Bristow, has earlier praised Saudi Arabia’s participation in the billion-dollar Reko Diq project, one of the largest undeveloped ventures with enormous deposits of gold and copper.

In the meantime, Saudi Arabia and Pakistan are already investigating methods to strengthen cooperation in fields other than mining and energy, such as agriculture. It is anticipated that Pakistan will benefit from several development initiatives as a result of the prime minister’s visit.

Any investment from Saudi Arabia will help the country’s stocks and investors’ spirits, as the Pakistan Stock Exchange is once again setting new records following a strong decrease in inflation that reignited expectations for early interest rate reduction.

However, Riyadh, led by Mohammed bin Salman, usually referred to as MBS, has been focusing on economic diversification in an effort to lessen the kingdom’s reliance on fossil fuels and establish itself as a hub for entertainment, sports, and tourism in addition to manufacturing.

As a result, Saudi Arabia is not only drawing in international capital for a variety of industries, but it has also been sending billions of dollars abroad, a move that will strengthen its position as a major player in the world economy.

However, the World Bank noted in a recent report that Pakistan must simultaneously implement reforms and remove obstacles to draw in foreign investment on a consistent and long-term basis by attracting investors in a variety of industries.

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In the Toshakhana-2 case, IHC sends notices regarding Imran Khan and Bushra Bibi’s acquittal pleas.

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In response to the petitions for acquittal filed by Bushra Bibi and Imran Khan, the founders of the Pakistan Tehreek-e-Insaf (PTI), in the Toshakhana-II case, the Islamabad High Court on Thursday sent notifications to the Federal Investigation Agency (FIA) and other parties.

Hearing the applications was Justice Raja Inam Ameen Minhas of the IHC. The judge said that there is no legal precedent for halting criminal proceedings at this point when Salman Safdar, Imran Khan’s attorney, requested a stay order on the trial in the Toshakhana-2 case during the hearing.

The court would also hear the other party and send notices regarding the petition, Justice Minhas noted.

Since Justice Gul Hassan Aurangzeb had previously heard five petitions pertaining to this case, Safdar later also filed a motion to transfer the case to another bench, stating that it would be proper to send the acquittal petitions to him for additional hearing.

According to Justice Minhas, who dismissed his plea, the petitions considered by Justice Aurangzeb were bail requests. This was a different issue, he remarked, and he would consider the case. He gave the attorney instructions to argue the case’s merits.

The PTI lawyer later pleaded the high court to halt proceedings of the trial court. The judge replied that suspects had already been indicted, and witnesses were testifying.

He noted that it would not be appropriate to issue any such order at this stage, adding that he would issue notices and the case would not be adjourned for a long period.

The court then issued a notice to the FIA and adjourned the hearing until Jan 28.

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Kashmir Education: PM Convenes Daanish School in Bhimber, Denounces Indian Atrocities

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In a strong condemnation of the Indian Army’s ongoing brutality and oppression in occupied Jammu and Kashmir, Prime Minister Shehbaz Sharif reaffirmed Pakistan’s unwavering political, moral, and diplomatic support for the Kashmiris until their right to self-determination, as guaranteed by pertinent UN resolutions, is realised.

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Mohsin Naqvi Meets with Members of the United States Congress: Pakistan Hopes To Imprvoe Ties With Trump Administration: Naqvi

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Today in Washington, Federal Minister of the Interior Mohsin Naqvi met separately with members of Congress Rob Bresnahan and Joe Wilson.

He spent the meeting talking with them on issues of shared interest and bilateral collaboration in a variety of areas.

He also discussed the situation in Afghanistan and its long lasting impact on the region and the world.

He emphasized the need to enahnce mutual exchanges of trade and cultual delegations between the two countries and Pakistan is working to improve bilateral relations.

He said that the newly elected President Donald Trump speech is very encouraging in recent global situation, and he is a symbol of hope for the region.

The United States is one of Pakistan’s key strategic partners, according to Mohsin Naqvi. They also discussed about the problems face by the Pakistanis living abroad.

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