saudiarabia News

Saudi Riyal available at PKR 76.35 in open market

The current exchange rates for the Saudi Riyal (SAR) and UAE Dirham (AED) against the Pakistani Rupee (PKR) showed minor movements as of [10 am] PST today, while the Qatari Riyal (QAR) remained unchanged.

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Pakistan, Saudi Arabia to boost ties, explore investment in energy, minerals

Pakistan and Saudi Arabia to strengthen bilateral ties and explore investment opportunities in Pakistan’s oil, gas, and mineral resources...

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Saudi Arabia limits multiple-entry visas for 14 countries, including Pakistan

Saudi Arabia has revised its visa policies for travelers from 14 countries including Pakistan, restricting multiple-entry visas for business, tourism, and...

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Pakistan, Saudi Arabia to boost cooperation in welfare, trade, defense

Pakistan and Saudi Arabia have agreed to enhance measures to facilitate welfare and cooperation in the economic, trade, investment, energy, and defense...

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Pakistan to double exports in next 3-5 years

Pakistan to double its exports in the next 3 to 5 years, with current exports totaling approximately $30 billion...

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FinMin joins head table luncheon at IMF's Emerging Markets Conference

Federal Minister for Finance and Revenue, Muhammad Aurangzeb, was invited to the head table luncheon by Mohammed Al-Jadaan, Minister of Finance, Saudi Arabia...

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Pakistan, Saudi Arabia to strengthen trade, investment, financial ties

Pakistan and Saudi Arabia to enhance bilateral trade, investments, and financial collaboration, focusing on key sectors such as infrastructure, energy...

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Saudi fast-food giant Albaik to launch in Pakistan, confirms Commerce Minister

Saudi fast-food giant Albaik is set to launch operations in Pakistan, with outlets expected to open in major cities, as confirmed by Commerce Minister Jam...

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Saudi companies to invest in Pakistan’s growing IT industry

Saudi companies, entrepreneurs, investors, and business groups are expected to invest in Pakistan’s growing IT industry...

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Saudi Arabia partners with Pakistan for youth skill development

Saudi Arabia is set to partner with Pakistan to offer training programs for young Pakistanis, aiming to equip them with modern and relevant skill sets...

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Pakistan aims to strengthen economic ties with Saudi Arabia, Qatar

To strengthen the partnership with Saudi Arabia and Qatar, Pakistan aims to elevate the level of economic engagement, expanding bilateral investment, trade...

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Saudi Arabia grants one-year extension on $3bn deposit

The Saudi Fund for Development (SFD) on behalf of the Kingdom of Saudi Arabia has extended the term for the deposit of $3 billion maturing on December 05, 2024.

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Saudi Riyal to PKR exchange rate

The exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) showed minor movements against the Pakistani rupee (PKR)...

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Saudi JV to partner with Pakistan SOEs for Reko Diq completion

In a major strategic move, Manara Minerals, a newly formed joint venture between the Public Investment Fund (PIF) and the Saudi Arabian Mining Company...

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Citi Pharma, All Care group form joint venture for API facility in Saudi Arabia

Citi Pharma Limited (PSX: CPHL) has announced the signing of a joint venture agreement with All Care Group of Investment to establish an advanced API...

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Saudi Arabia pledges continued support for Pakistan

Nawaf bin Said Al Malki reaffirmed the Kingdom’s unwavering commitment to Pakistan and underscored the enduring strength of Pakistan-Saudi relations...

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Saudi investment minister to visit Pakistan, Oct 9-11

Saudi Arabia’s Investment Minister Khalid bin Abdulaziz Al-Falih will visit Pakistan with a high-level delegation from October 9-11, Pakistan’s foreign office..

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Aramco targets $3bn from bond sale amid Saudi debt spree

Saudi Arabia’s state-run oil behemoth is looking to raise $3 billion in its second international bond sale in two months...

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Pakistan secures debt rollover assurance from China, UAE

Pakistan has secured commitments from China, Saudi Arabia, and the United Arab Emirates to rollover debt for a year...

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China, Saudi Arabia to roll over $9bn debt for Pakistan in FY25

Pakistan's debt of $9 billion owed to China and Saudi Arabia will be rolled over in the ongoing fiscal year 2025 (FY25), Kazim Niaz...

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Saudi Group acquires 77.42% stake in Shell Pakistan

In a recent development, Saudi Group Asyad Holding through UAE-based Wafi Energy Holding Limited has acquired 77.42% shareholdings and control of Shell...

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Saudi Arabia eases tourist visa requirements for Pakistani travelers

Saudi, one of the top international destinations for Pakistani travellers, has eased tourist visa requirements with immediate effect, where applicants...

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Saudi Arabia’s foreign reserves jump to 18-month high

Saudi Arabia’s foreign reserves rose to the highest in 18 months after state-controlled oil producer Aramco boosted dividend payments...

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Saudi Aramco’s $12bn stock offer sells out in hours

Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday...

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Saudi Aramco set to launch $10bn share offering

Saudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Aramco as soon as Sunday, a deal that could raise more than $10bn...

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Pakistan inaugurates direct flights to Jeddah for Hajj season

Pakistan has commenced direct flight operation to Jeddah, Saudi Arabia, for the upcoming Hajj pilgrimage here...

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Ishaq Dar engages in bilateral talks with Saudi Foreign Minister

Deputy Prime Minister and Foreign Minister Ishaq Dar held a telephone discussion with the Minister for Foreign Affairs of the Kingdom of Saudi Arabia...

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Pakistani startup Bookme enters Saudi Arabia with 2 strategic agreements

Pakistani startup Bookme has achieved two groundbreaking agreements marking its entry into the Saudi market...

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Shaza Fatima urges Saudi tech companies to explore opportunities in Pakistan

While talking to Saudi tech companies delegation, the Minister of State for IT and Telecommunication Shaza Fatima Khawaja commended the initiative aimed at...

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Pakistan seen as top Investment destination by Saudi Arabia: Ibrahim Almubarak

The Saudi government and companies consider Pakistan a high-priority economic, investment and business opportunity, Saudi Deputy Investment Minister.....

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Pakistan-Saudi Arabia investment conference kickstarts in Islamabad

A two-day Pakistan-Saudi Arabia investment conference is beginning in Islamabad today to promote bilateral trade and investment...

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Saudi Arabia hikes oil selling prices to Asia

Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global...

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Saudi business delegation due today for investment talks

A business and official delegation from the Kingdom of Saudi Arabia (KSA) will arrive in Pakistan today to hold business-to-business (B2B) meetings...

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Saudi delegation set to arrive in Pakistan for investment talks on May 05

To facilitate business-to-business (B2B) meetings, a Saudi Arabian business delegation is set to visit Pakistan on May 05, according to official sources...

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Saudi hospital IPO sells out in under an hour

Investors snapped up all shares on offer in a Saudi hospital group shortly after books opened on the deal that’s shaping up to be the largest listing...

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PM Shehbaz Sharif to attend World Economic Forum in Riyadh

Prime Minister Muhammad Shehbaz Sharif will attend the World Economic Forum (WEF) special meeting on Global Collaboration, Growth and Energy being held...

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Aurangzeb pitches bankable projects to attract Saudi, UK investments

Federal Minister for Finance and Revenue on Friday assured that Pakistan would pitch bankable and investable projects to Saudi investors...

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Saudi Arabia needs oil price near $100 to breakeven: IMF

Saudi Arabia will require an average oil price of $96.20 a barrel to balance its budget, assuming it holds crude output steady near 9.3 million barrels...

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Saudi Arabia moves closer to $1bn Barrick Pakistan deal

Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a Pakistan mine controlled by Barrick Gold Corp...

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Saudi Arabia eyes significant investment opportunities in Pakistan

Foreign Minister of Saudi Arabia on Tuesday expressed great significance and interest in the improving investment ecosystem in Pakistan...

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Pakistan, KSA commit to enhanced economic partnership

Pakistan and the Kingdom of Saudi Arabia (KSA) have reiterated their resolve to build a strong partnership and further promote economic cooperation for...

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Shehbaz Sharif urges acceleration of 1st phase of Saudi investments in Pakistan

Prime Minister Shehbaz Sharif emphasized on Tuesday that both Saudi Arabia and Pakistan need to work closely to expedite the first phase of Saudi investments...

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Reko Diq project to receive $1bn investment from Saudi Arabia in May

A Saudi investment of up to $1 billion is likely next month in the Reko Diq Copper Gold project located in the Chagai district in Balochistan, as per...

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Pakistan to receive $2bn boost in Saudi deposits with agreement

Pakistan and Saudi Arabia entered into an agreement to increase Saudi deposits in the State Bank of Pakistan (SBP) from $3 billion to $5bn...

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Shehbaz Sharif, Saudi Crown Prince reaffirm commitment to strengthen bilateral ties

Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud on Sunday reaffirmed a common resolve to further..

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Pakistan, Saudi Fund ink $107m deals for hydropower projects

Pakistan and the Saudi Fund for Development (SFD) signed two loan agreements on Friday for the Shounter Hydropower Project (48 MW) worth $66 million....

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SIFC, Saudi company ink livestock deal for 5,000-acre alfalfa cultivation

Pakistan's livestock sector is set to witness a significant boost as the Special Investment Facilitation Council (SIFC) has signed an agreement with...

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Prime Minister pitches bankable projects to attract Saudi investment

The government’s priority is to transform the time-tested bilateral relations between Pakistan and Saudi Arabia into a mutually beneficial, strategic...

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Pakistan's top ERP player secures landmark investment at LEAP 2024

Pakistan's leading ERP company has secured a transformative equity partnership with Saudi and Pakistani investors at the Tech destination Pakistan...

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Pakistan, Saudi Arabia commit to enhance investment in key sectors

Pakistan and Saudi Arabia have agreed to work towards increasing investment in key sectors, paving the way for sustainable economic growth and...

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Pakistan aims for $20bn bilateral trade with Saudi Arabia

Observing that the current trade volume falls short of expectations, the Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz, stated that...

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Saudi govt orders Aramco to scale back oil expansion goals

Saudi Arabia's government on Tuesday ordered state oil company Aramco to halt its oil expansion plan and to target a maximum sustained...

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FCCI president urges Pakistani exporters to tap Saudi market

To review ways and means to enhance exports to Saudi Arabia, President Faisalabad Chamber of Commerce & Industry (FCCI) Dr Khurram Tariq held...

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Pakistan, Saudi Arabia advance FTA investment talks

To finalize the investment-related segment of the GCC Free Trade Agreement (FTA), a delegation led by Dr. Gohar Ejaz, Pakistan's Minister....

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Saudi Arabia grants one-year extension on $3bn deposit

The Saudi Fund for Development (SFD) on behalf of the Kingdom...

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MOPHRD emphasizes coordination for Pakistani manpower in Saudi Arabia

Close coordination among overseas employment stakeholders is crucial for capitalizing on opportunities for Pakistani manpower...

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Federal Cabinet approves bilateral investment treaties with Saudi Arabia, Qatar

The Federal Cabinet in its meeting held today approved the negotiation of bilateral investment treaties with Saudi Arabia and Qatar...

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Saudi Arabia eyes stake in Pakistan's Reko Diq mine

Saudi Arabia has shown interest in acquiring government stake in Pakistan's Reko Diq gold and copper mine, a Pakistani official said on Tuesday....

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Pakistan still hopeful for $70bn in investments despite Middle East tensions

The International Monetary Fund (IMF) mission in Pakistan is working on plans to secure $70 billion in investments through Special Investment Facilitation...

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Saudi Arabia’s GDP surpasses $1tr mark, joins trillion-dollar club

Saudi Arabia has successfully joined the trillion-dollar club with its gross domestic product (GDP) surpassing the $1 trillion....

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Saudi Arabia, India join hands to boost SME financing

The Small and Medium Enterprises Bank (SMEB) of Saudi Arabia has signed a joint cooperation agreement with the Small Industries Development Bank of India....

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Saudi Arabia seeks investment opportunities, stronger ties with Pakistan

Saudi Arabia on Thursday expressed investment opportunities in Pakistan to deepen bilateral economic and trade ties...

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Anb Capital, Oxford Frontier Capital join forces to launch KTrade EdTech platform

Anb capital has signed a Memorandum of Understanding (MoU) with Oxford Frontier Capital (OFC), a UK-based company, to launch KTrade, an education technology...

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Saudi non-oil sector growth slows in August

The expansion in non-oil business activity in Saudi Arabia, the world's top oil exporter, eased further in August after output growth slowed sharply, a...

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Saudi Arabia's Ma'aden Q2 profit tumbles more than 90%

Saudi Arabian Mining Company, known as Ma'aden, said on Sunday its second-quarter profit tumbled more than 90% on lower sales prices and higher expenses as....

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Arabon dollars from Arab countries - Will it help Pakistan?

Accelerated person results are being seen on foreign investments, specifically from...

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China to buy 40% more Saudi Oil next month

China is poised to take about 40% more crude from Saudi Arabia via term contracts next month as a mega-refiner starts taking more oil under a new deal...

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Pakistan eyes $25bn deals with Gulf Countries

Pakistan is negotiating with Gulf nations to bring in billions of dollars of investment, as Islamabad seeks the foreign currency it badly needs to stabilize...

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Aramco announces $10bn extra dividend as Q2 profit drops 38% to $30.1bn

Saudi state oil giant Aramco on Monday announced an additional nearly $10 billion dividend, most of which will go to the government, the first of several...

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Saudi Aramco pays out $29.4bn dividend despite drop in profits

 Saudi Aramco, the world’s biggest oil exporter, is raising its payout to shareholders by more than half as it announced a performance-linked dividend despite..

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Saudi Arabia’s GDP growth falls to 1.1% YoY in Q2

Saudi Arabia’s gross domestic product rose 1.1% YoY as compared to 3.8% YoY in the previous quarter and 11% YoY in the same period last year...

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Saudi Arabia’s $2.6bn Vale deal opens new doors for the mining sector

A $2.6 billion deal announced last week has set the stage for a potential landmark shift in the metal and mining investment landscape: the arrival of Saudi...

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Saudi oil sales plunge to 20-month low amid market uncertainty

Saudi Arabia’s receipts from oil sales abroad declined by more than a third to the lowest since September 2021, amid a spluttering recovery in energy markets...

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Saudi Arabia, Russia drive up oil prices with production cuts

Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic...

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Saudi Arabia keen to strengthen economic and commercial ties with Pakistan

Saudi Ambassador H.E. Mr. Nawaf Bin Said Al-Malki shared the desires of the Kingdom of Saudi Arabia to further strengthen the economic and commercial ties w...

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Aramco’s Q1 profit drops by 19% YoY

Oil giant Saudi Aramco posted first-quarter results for 2023, wherein the net profit clocked in at $31.9 billion, down by 19.25% YoY...

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SBP reserves decrease by $36.4mn in a week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $36.4 million or 0.85% WoW...

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Saudi Arabia plans to renew its $3bn deposit to Pakistan

Saudi Arabia plans to renew its $3bn deposit to Pakistan

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Saudi Arabia may raise Aug crude prices to Asia to near record levels

Saudi Arabia may raise Aug crude prices to Asia to near record levels

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PM, Saudi Crown Prince discuss to further strengthen economic ties

PM, Saudi Crown Prince discuss to further strengthen economic ties

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PM to embark on maiden three-day visit to Saudi Arabia Thursday

PM to embark on maiden three-day visit to Saudi Arabia Thursday

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Saudi Arabia may accept yuan against oil sales to China

Saudi Arabia may accept yuan against oil sales to China

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Pakistan, KSA for strengthening bilateral cooperation

Pakistan, KSA for strengthening bilateral cooperation

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Saudi Arabia, Pakistan discuss investment opportunities in maritime sector

Saudi Arabia, Pakistan discuss investment opportunities in maritime sector

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Pakistan, Saudi Arabia reiterate strong bilateral relations

Pakistan, Saudi Arabia reiterate bilateral relations

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Pakistan, Saudi Arabia ink agreement for workers' recruitment

Pakistan, Saudi Arabia ink agreement for workers' recruitment

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Saudi Arabia announces $4.2bn support to Pakistan

Saudi Arabia announces $4.2bn support to Pakistan

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Saudi Arabia affirms $3.6bn financial support to Pakistan

Saudi Arabia affirms $3.6bn financial support to Pakistan

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Pakistan seeks trade deals with Saudi, UAE, Oman - official says

Pakistan seeks trade deals with Saudi, UAE, Oman - official says

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Saudi Arabia may cut October crude prices for Asia

Saudi Arabia may cut October crude prices for Asia

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Pakistan, Saudi Arabia to work on easing travel restrictions

Pakistan, Saudi Arabia to work on easing travel restrictions

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Pakistan highly values its ties with KSA: President

Pakistan highly values its ties with KSA President

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PM for strengthening of Pak-Saudi economic relationship

PM for strengthening of Pak Saudi economic relationship

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Will Pakistan make full use of deferred oil facility this time?

Will Pakistan make full use of deferred oil facility this time

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Pak- Saudi envoys discuss prime minister's upcoming visit to Kingdom

Pak Saudi envoys discuss prime ministers upcoming visit to Kingdom

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Saudi plans economic overhaul with $3.2 trillion investment

Saudi plans economic overhaul with 3.2 trillion investment

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Remittances to Pakistan rises to yet another record as use of formal channels increases

Remittances to Pakistan rises to yet another record as use of formal channels increases

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UN calls for peaceful settlement of diplomatic row among Gulf States

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Saudi-led demands not reasonable or actionable: Qatar

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Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,145.00 110,525.00
110,055.00
-270.00
-0.24%
BRENT CRUDE 68.60 68.89
68.58
-0.20
-0.29%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.88 67.18
66.87
-0.12
-0.18%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%


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