OPEC+ oil production cut: Pakistan expresses solidarity with Saudi Arabia

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2022-10-18T20:10:29+05:00

Islamabad (Web Desk): Pakistan has expressed solidarity with Saudi Arabia in the wake of statements made against the Kingdom in the context of Organization of the Petroleum Exporting Countries (OPEC) decision.

In a statement on Tuesday, the Foreign Office (FO) said Pakistan appreciates the concerns of Saudi Arabia for avoiding market volatility and ensuring global economic stability.

Reaffirming Pakistan's long-standing, abiding and fraternal ties with the Kingdom, the FO said Pakistan encourages a constructive approach on such issues based on engagement and mutual respect.

The development comes nearly a week after US President Joe Biden warned Saudi Arabia of consequence as tension heightened following the OPEC+’s decision about reducing oil production,

Biden issued the warning on Tuesday, last week, a day after Democratic Senator Bob Menendez, chairman of the Senate Foreign Relations Committee, called for freezing all cooperation with the kingdom, including sale of arms.

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