Prime Minister Shehbaz Sharif presided over a session of the federal cabinet on Wednesday, where he emphasized the anticipated influx of ‘billions of dollars’ in investment following the recent visit of the Saudi delegation.
Expressing gratitude towards the efforts of the cabinet and others, the premier underscored the positive reception received by the Saudi delegation and appreciated the prompt preparations done by ministers and officials.
During the meeting, PM Shehbaz extended his appreciation to Saudi Crown Prince Mohammed bin Salman for his interest in Pakistan, which, according to him, led to a successful visit by the Saudi delegation.
“We must ensure the completion of this investment in Pakistan with the same spirit and dedication,” the prime minister added. “No obstacles or hindrances in this regard will be allowed,” warned the premier.
“If we persist in our efforts, Pakistan’s development, prosperity, and economic stability are within reach,” the premier remarked.
Later, talking to journalists, Minister for Information and Broadcasting Attaullah Tarar, said that the federal cabinet on Wednesday decided to write letters to the four provinces to enhance their wheat procurement targets and set a good price for the commodity.
Tarar was confident that this decision will bring prosperity in the lives of farmers, noting that the country has abundant stocks of wheat and a bumper wheat crop is expected this year. He said this situation will have positive impact on the rural economy.
The minister further said the federal cabinet held discussion on the recent visit of Saudi delegation to Pakistan and the expression of interest shown by the Kingdom for investment in different sectors.
Describing the visit of Saudi delegation as “highly productive”, Tarar said that matters are expeditiously moving forward. He said another high-level Saudi delegation will visit Pakistan in the coming months to conclude the agreements.
He said a Saudi delegation from private sector is also visiting Pakistan very soon, and their investments and partnerships with Pakistani private sector will have positive impact on the economy.
The minister also said delegation level visits from other friendly countries are also expected in the coming days. He said the world financial institutions and journals as well as independent experts are recognising the steps taken by the government for economic improvement.
Commenting on the political situation, Tarar said the gathering of opposition parties in Balochistan was a failed exercise. He pointed out that there are divisions within the PTI and their leader is facing jail on corruption cases.
He said the economy is on the positive trajectory and this process will be taken forward for the progress and development of the country.
Meanwhile, the Federal Cabinet approved the establishment of Institute of Modern Sciences in Wah Cantonment.
