Pakistan inks LOI with Al Bawani Holdings to unlock job opportunities

MG News | November 23, 2023 at 03:14 PM GMT+05:00

0:00

November 23, 2023 (MLN): In a recent development aimed at unlocking numerous job opportunities for Pakistani professionals and workers, a Letter of Intent (LOI) has been signed between the Overseas Employment Corporation (OEC) and Al Bawani Holdings.

According to a press release issued yesterday, Special Assistant to Prime Minister on Overseas Pakistanis and Human Resource Development, Jawad Sohrab Malik undertook a visit to the renowned headquarters of the Al-Bawani in Riyadh.

Upon arrival, he received a warm welcome from Engr. Fakher Al-Shawaf, CEO/Chairman of Al Bawani Holdings.

Accompanying SAPM Malik were key dignitaries, including HE Ambassador Ahmad Farooq, Community Welfare Attache, DG Emigration Akram Khawaja, and Joint Secretary Emigration Aurangzeb.

Al-Bawani Holdings, a diversified Saudi conglomerate, holds a substantial position among the top five general contracting entities in the construction sector.

With an impressive portfolio of completing and delivering around 250 projects in Saudi Arabia, the company is presently engaged with worldwide projects valued at billions of dollars.

During the visit, SAPM Malik received a comprehensive briefing on Al Bawani's ongoing projects.

Expressing confidence in the capabilities of Pakistani workers, SAPM, Jawad Sohrab Malik conveyed to the company Chairman that the Pakistani workforce is well-trained and possess the necessary skills and knowledge, making them exceptionally suitable for construction work in KSA.

This acknowledgment of Pakistani workforce competence led to a significant development, the signing of an LOI.

This LOI establishes a fundamental legal framework to foster cooperation and coordination for mutual benefits, promising to unlock numerous job opportunities for Pakistani professionals and workers in the near future.

Apart from signing the LOI, Al-Bawani Holdings reaffirmed its commitment to establish state of the art HR training center in Pakistan, with the purpose of further train and equipping the Pakistani workforce with the skills required, as per international standards.

SAPM emphasized that this endeavor will amplify job prospects for the Pakistani workforce globally.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,242.90 704.43M	1.49% 2436.69
ALLSHR	101,132.82 1,476.65M	1.29% 1287.02
KSE30	50,886.61 318.61M	1.52% 762.76
KMI30	241,116.65 128.48M	1.08% 2586.15
KMIALLSHR	66,519.44 717.61M	0.94% 621.34
BKTi	47,711.07 207.32M	2.87% 1330.11
OGTi	32,418.62 12.56M	1.76% 561.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,365.00	111,945.00 107,690.00	4690.00 4.40%
BRENT CRUDE	60.90	61.55 60.07	-0.39 -0.64%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.50 -1.83%
ROTTERDAM COAL MONTHLY	92.75	92.75 92.75	-0.25 -0.27%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	56.93	57.43 55.96	-0.22 -0.39%
SUGAR #11 WORLD	15.77	15.78 15.51	0.27 1.74%