A Saudi delegation led by Investment Minister Khalid bin Abdulaziz Al-Falih arrived in Islamabad for a three-day visit. This visit aims to finalize business-to-business investment proposals worth $2 billion. The delegation, comprising 130 members from diverse energy, mining, and tourism sectors, was welcomed by Petroleum Minister Musadik Malik and Commerce Minister Jam Kamal Khan at Noor Khan Airbase.
The visit, scheduled from October 9 to 11, precedes the Shanghai Cooperation Organization Summit and aims to bolster economic ties between Saudi Arabia and Pakistan. The Foreign Office confirmed the delegation’s visit, highlighting its importance ahead of significant regional discussions.
During a ceremony, Deputy Prime Minister Ishaq Dar underscored the visit’s critical role, noting that the Saudi Minister for Investment would finalize various proposals. He thanked Saudi Arabia for its continuous support, especially during Pakistan’s recent economic difficulties, and emphasized the growing strategic cooperation between the two nations.
This collaboration is part of ongoing efforts to enhance bilateral trade and investment. Earlier, Crown Prince Mohamed bin Salman had committed to a $5 billion investment in Pakistan, signalling strong support. The current visit is crucial to addressing Pakistan’s economic challenges, including foreign exchange reserves and currency stability issues.
