Members of Organization of Petroleum Exporting Countries (OPEC) are scheduled to meet in Vienna in first week of March 2020. Top of the agenda item is to decide production quotas in the aftermath of coronavirus spread. To arrive at further production cut will not be easy because of United States emerging as one of the largest oil producing country as well as exporting substantial quantity. Even the bigger concern is …
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One completely fails to understand why even a thought of ending Saudi-Iranian animosity make the supporters of monarch jittery. If one could recollect lately Iraq made an attempt to ease tension between the two arc enemies, but turmoil was created in Iraq. Soon after two top military strategist, one each from Iran and Iraq were killed, the probability of war in the region increased manifold. Recently, Iranian Foreign Minister Mohammad …
Read More »Bilateral relations between Pakistan and Saudi Arabia have reached it zenith during the last few months. There were high-profile visits from both sides and the two countries have developed relations on a number of fields. During the recent visit, the government of two sides agreed to take advantage of the opportunities available in the two countries for expanding and improving investment, trade, energy, infrastructure development, agriculture, human resource and …
Read More »Trade figures of last ten years reveal that Saudi Arabia is one of the largest trade partners of Pakistan. Besides bilateral trade between the two countries, Pakistan is the major recipient of workers remittances estimated over $4.1 billion in 2013 while the trend of home remittances indicate further increase in remittances from Saudi Arabia. It is important to note that the new democratic government in Pakistan has much better understanding with Saudi government, which is …
Read More »Historically Saudi Arabia has been extending extensive aid, grant assistance to Pakistan, but economic cooperation between the two countries has remained far from satisfactory. Some of the critics applaud this brotherly attitude, but say that Saudi stance has been contrary to an old saying ‘don’t give me fish, but teach me how to catch a fish’. However, others say that since the cooperation has been between the two states …
Read More »Pakistan and Iran being close neighbors can supplement each other in achieving economic goals Over $10bn trade potential exists between the two nations Interview with Mehdi Sobhani, Consul General of Islamic Republic of Iran Discussing the economic relations between Iran and Pakistan, Mehdi Sobhani said in an interview that sanctions caused a decline of two way trade between Iran and Pakistan from $1 billion to $200 million, but after …
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