ISLAMABAD – Prime Minister Shehbaz Sharif held detailed discussions with a high-level delegation, led by Saudi Foreign Minister Faisal bin Farhan Al Saud, and shared views on several investment ventures.
PM Sharif met delegation comprising Saudi Deputy Minister of Investments Engineer Ibrahim bin Yusuf Al Mubarak, Saudi Minister of Environment, Water Resources, and Agriculture Abdul Rahman bin Abdulhamsin Al-Fazli, and Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim bin Abdullah Al Kharif.
The premier thanked Riyadh for continuous support to Asian nation and emphasized country’s interest in enhancing cooperation in trade and investment with Kingdom.
The federal government members briefed delegation on investment opportunities in sectors such as transmission lines, solar projects, mining projects, privatization of airports, joint ventures in five-star hotels in Islamabad, and investment opportunities in Pakistan International Airlines (PIA).
In a statement, PM Shahebaz said Pakistan is committed to promoting foreign investment and forming partnerships with brotherly countries. He called Prince Faisal’s visit as the beginning of a new era of strategic and commercial partnership between two Islamic nations.
Saudi delegation also thanked Pakistani officials for the warm welcome and hospitality extended by Pakistan. The visiting dignitaries reaffirmed KSA’s commitment to enhance bilateral relations and advancing trade and investment partnerships with Pakistan.
Prime Minister further informed delegation about Special Investment Facilitation Council (SIFC) and its efforts to promote investment in Pakistan. He acknowledged role of Chief of the Army Staff (COAS) General Syed Asim Munir and institutional cooperation in promoting investment through SIFC.
The visit of the Saudi delegation follows PM Sharif’s visit to Riyadh earlier this month, where he discussed various bilateral matters with the Saudi leadership. The visit aims to strengthen economic ties and attract investment from Saudi Arabia to revitalize Pakistan’s economy.
