ISLAMABAD: The Embassy of Saudi Arabia in Islamabad has introduced same-day processing of visa applications for Pakistani citizens to facilitate travel and strengthen business, cultural and people-to-people exchanges, Saudi Ambassador Dr Rajeh bin Tami Al-Baqami announced on Friday.
The announcement came during a meeting between the ambassador and Federal Minister for Petroleum Ali Pervaiz Malik, during which the two sides discussed opportunities to strengthen bilateral cooperation in the mining, petroleum and energy sectors.
The minister welcomed the longstanding strategic partnership between Pakistan and Saudi Arabia and conveyed that, during his recent visit to Riyadh, he had communicated to His Royal Highness Prince Abdulaziz bin Salman Al Saud the Pakistani leadership’s special sentiments of solidarity and affection for the Saudi people.
He said Pakistan deeply valued its historic relationship with Saudi Arabia and remained committed to expanding cooperation across strategic sectors.
The two sides discussed opportunities for strengthening bilateral engagement, including investment, commercial cooperation and partnerships in key sectors.
Malik informed the ambassador that Pakistan had approved a tax-neutral bonded policy, benchmarked against international energy hubs such as Fujairah and Singapore.
Under this framework, Saudi companies can establish commercial oil reserves in Pakistan without local tax liabilities, offering an opportunity to diversify maritime transit risks associated with the Strait of Hormuz and Bab Al Mandeb Strait while facilitating access to Asian markets.
Malik highlighted that strategic oil storage facilities in Pakistan would provide Saudi Arabia with greater flexibility in managing supply routes and accessing regional markets.
