Ahsan Iqbal, the minister of planning, development, and special initiatives, stated on Sunday that Pakistan wanted to establish economic cooperation with Saudi Arabia along the lines of the [China-Pakistan Economic Corridor] CPEC. The minister said in a speech to the Pakistani community at the Pakistani consulate in Jeddah, “We want to establish economic cooperation with Saudi Arabia in the same vein as the CPEC , A joint investment proposal has been made to China and Saudi Arabia based on CPEC.
Ahsan Iqbal categorically dismissed rumors related to default risks, terming it “Pakistan Tehreek-e-Insaf’s(PTI) propaganda” for mere politicking. He said the country had adopted a path of stability and saved it from going to default The minister made these remarks while addressing the Pakistani community at the Pakistani Consulate in Jeddah, where a large number of overseas Pakistanis had participated, according to a message received here on Sunday. The government would soon introduce the death insurance scheme for overseas Pakistanis, he further apprised to participants.