India's ambitions can be jolted: Mian Zahid Hussain - Press Release issued by Pakistan Businessmen and Intellectuals Forum.

Karachi -- March 20, 2023 (PPI-OT)

Following is the text of press release issued by Pakistan Businessmen and Intellectuals Forum (PBIF)

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Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the agreement between Saudi Arabia and Iran to reduce tensions and restore diplomatic relations is a great diplomatic achievement of China.

After this surprising decision, China's reputation at the global level and its influence in the Middle East have increased, while Pakistan has breathed a sigh of relief, he said. Mian Zahid Hussain said that Saudi Arabia and Iran have remained locked in an indirect conflict in Yemen, Syria, Bahrain, and Lebanon and on almost every forum for a long time.

But now, there is hope for an end to the civil war and armed confrontation which will improve the overall environment in the Middle East, he added. Talking to the business community, the veteran business leader said that both countries will save billions of dollars in terms of war expenses if the agreement remains successful.

That Saudi Crown Prince Mohammed bin Salman is emerging as a statesman and under his guidance, Saudi Arabia has also improved its relations with Qatar. Saudi Arabia has recently deposited five billion dollars in the central bank of Turkey and due to all these measures, Prince Muhammad bin Salman and Saudi Arabia have emerged taller on the world stage.

Mian Zahid Hussain added that Saudi Arabia and Iran are becoming friends as a result of China's successful diplomacy which has shaken the western world. Pakistan should see this...