Pakistan

Home Business Saudi Arabia doubles down on accelerating $5 billion investment in Pakistan

The Kingdom of Saudi Arabia has doubled down on its pledge to speed up the initial phase of their $5 billion investment in Pakistan, a joint statement released by the office of the Spokesperson of the Ministry of Foreign Affairs said on Monday.

Prime Minister Shehbaz Sharif called on Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, on Sunday, at Al-Safa Palace in Makkah Al-Mukarramah, the statement said.

Both parties, as per the handout, affirmed their commitment to expediting the first wave of investment package worth $ 5 billion which was discussed previously.

During the meeting, emphasis was placed on the Kingdom’s supportive role in Pakistan’s economy and the mutual desire to strengthen trade and investment ties.

According to the handout, the Saudi crown prince extended his congratulations to PM Shehbaz on assuming office, and expressed warm wishes for his tenure, while the latter conveyed gratitude for the kingdom’s steadfast support and hospitality, and reaffirmed commitment to bolstering bilateral ties and economic cooperation, it added.

The discussions centered on fortifying the fraternal relations between the two brotherly nations and exploring avenues for enhanced collaboration across various sectors.

During the meeting, emphasis was placed on the kingdom’s supportive role in Pakistan’s economy and the mutual desire to strengthen trade and investment ties. Both parties affirmed their commitment to expediting the first wave of investment package worth $5 billion which was discussed previously.

Related posts

Mob rule can’t be allowed, says govt

Daily News

Police report rules out terrorism in CTD police station incident

Daily News

STP leader Altaf Jiskani assassinated near Tando Allahyar

Daily News

Prime Minister Imran Khan gets the Corona vaccine

Daily News

PDM succeeds to have Jalsa in Lahore

Daily News

PM Imran Khan’s status is equal to that of Islamabad mayor: Maryam Nawaz

Daily News

Leave a Comment