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King Salman Orders Investments Worth $1Bln in Pakistan

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
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King Salman Orders Investments Worth $1Bln in Pakistan

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)

Custodian of the Two Holy Mosques King Salman bin Abdulaziz ordered investments worth USD1 billion in Pakistan in reflection of the Kingdom’s support to Pakistan’s economy and people.

The announcement was made during a telephone call received by Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah from his Pakistani counterpart Bilawal Bhutto Zardari.

Prince Faisal made the announcement to the FM and they discussed bilateral relations between Saudi Arabia and Pakistan.

They also tackled regional and international issues of interest.

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Saudi Arabia to Switch from SQP to Comprehensive Safeguards Agreement with IAEA 

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 2023. REUTERS/Ahmed Yosri/File Photo Purchase Licensing Rights
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 2023. REUTERS/Ahmed Yosri/File Photo Purchase Licensing Rights
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Saudi Arabia to Switch from SQP to Comprehensive Safeguards Agreement with IAEA 

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 2023. REUTERS/Ahmed Yosri/File Photo Purchase Licensing Rights
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 2023. REUTERS/Ahmed Yosri/File Photo Purchase Licensing Rights

Saudi Energy Minister Prince Abdulaziz bin Salman said the Kingdom has submitted a request to the IAEA in July 2024 to rescind the Small Quantities Protocol and implement to the full Comprehensive Safeguards Agreement.

His remarks came curing the IAEA's annual General Conference.

"We are currently working with the agency to finalize all necessary subsidiary agreements for the SQP to be effectively rescinded by the end of December of this year."

According to Reuters, the move was commended by IAEA chief Rafael Grossi.

Prince Abdulaziz announced a year ago that his country had decided to scrap the SQP.