{"id":86427,"date":"2024-05-22T00:00:00","date_gmt":"2024-05-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/22\/cabinet-gives-the-greenlight-for-energy-mou-with-pakistan\/"},"modified":"2024-05-22T00:00:00","modified_gmt":"2024-05-22T00:00:00","slug":"cabinet-gives-the-greenlight-for-energy-mou-with-pakistan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/22\/cabinet-gives-the-greenlight-for-energy-mou-with-pakistan\/","title":{"rendered":"Cabinet gives the greenlight for energy MoU with Pakistan"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cabinet mandated the energy minister to discuss and sign an energy MoU with Pakistan<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2107748\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported yesterday. No further details were disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This could be paving the road for more:<\/strong> Pakistani officials said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3fdec3ad-1508-429a-a2a6-013e3406f40c\" style=\"\" rel=\"noopener\">earlier this month<\/a> that their country plans to have a number of \u201cmajor agreements\u201d ready for signing ahead of a Saudi delegation visit to Islamabad. Their statements come <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/855db7b2-5a28-4a59-aed7-9c8edb873fc8\" style=\"\" rel=\"noopener\">amid speculation<\/a> on when Crown Prince and Prime Minister Mohammed bin Salman would visit Pakistan after a delegation of senior Saudi officials attended a two-day investment conference in the South Asian country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Crisis-hit Pakistan is <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/saudi-crown-prince-meets-pakistani-premier-stresses-india-pakistan-dialogue-2024-04-08\/\" style=\"\" rel=\"noopener\">seeking a USD 5 bn investment package<\/a> from Saudi that was discussed during a meeting between the Crown Prince and Pakistan\u2019s prime minister <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d2cc076a-3ccd-4038-b2dc-874b485fd02a\" style=\"\" rel=\"noopener\">last<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d2cc076a-3ccd-4038-b2dc-874b485fd02a\" style=\"\" rel=\"noopener\">month<\/a>. Saudi has been among key supporters of Pakistan, <a target=\"_blank\" href=\"https:\/\/www.arabnews.pk\/node\/2417451\/pakistan\" style=\"\" rel=\"noopener\">extending the term<\/a> of a USD 3 bn in deposit at the State Bank of Pakistan for an additional year to mature in December 2024. This is in addition to USD 2 bn in financial assistance from the Kingdom <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/saudi-arabia-deposits-2-bln-pakistan-central-bank-account-pakistan-finance-2023-07-11\/\" style=\"\" rel=\"noopener\">last year<\/a> to shore up the country\u2019s finances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also approved at yesterday\u2019s Cabinet meeting:<\/strong><\/p>\n<ul>\n<li>Mandating the environment, water and agriculture minister to discuss and sign an MoU with <strong>Tajikistan<\/strong> on environment preservation;<\/li>\n<li>Mandating the transport and logistic services minister to discuss and sign an MoU with <strong>Costa Rica <\/strong>on <strong>air transport services<\/strong>;<\/li>\n<li>Mandating the interior minister to discuss and sign a MoU with <strong>Qatar<\/strong> in training and research activities;<\/li>\n<li>An MoU for <strong>logistics services<\/strong> with <strong>Djibouti<\/strong>;<\/li>\n<li>A cooperation agreement between the Presidency of State Security and <strong>Pakistan\u2019s military intelligence agency<\/strong> on <strong>combating terrorism and financing<\/strong>;<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Logistics services and aviation MoUs with Djibouti and Costa Rica also got the okay<\/p>\n","protected":false},"author":1,"featured_media":86428,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2598],"tags":[136,10,243,344],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-enterpriseam-ksa","tag-legislation-watch","tag-regulation-watch","wpautop","entry"],"acf":{"mongo_id":"85116e30-f564-4c76-85b5-caab6c3aec71","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1689.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cabinet gives the greenlight for energy MoU with Pakistan","related_issue":[86409],"teaser":"Logistics services and aviation MoUs with Djibouti and Costa Rica also got the okay","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.8086a8c1-c4fe-4422-bc29-92acb94a4f9b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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