Saudi Investment Crucial for Pakistan’s Economic Growth: PM Shehbaz

Thu Apr 18 2024
icon-facebook icon-twitter icon-whatsapp

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif chaired a high-level meeting on Thursday, aimed at reviewing the recent visit of a Saudi delegation and the potential investments across various sectors.

The meeting underscored the profound interest expressed by the Saudi delegation in investing across multiple sectors, including mining and minerals, agriculture, energy, information technology, and infrastructure development. Discussions also encompassed strategies to integrate Pakistan into the global supply and value chains, with the Saudi delegation lauding Pakistan’s preparation in this regard.

Prime Minister Shehbaz Sharif hailed the Saudi Foreign Minister-led delegation’s visit as the inception of a transformative era in Saudi investment and strategic partnership with Pakistan. Expressing deep gratitude to Saudi Crown Prince Mohammed bin Salman Al Saud for his instrumental role, PM Shehbaz Sharif emphasized his personal commitment to overseeing the fruition of projects backed by Saudi investment.

The premier commended the efforts of federal ministers, (SIFC), and relevant officials for diligently laying the groundwork for a mutually beneficial partnership. Stressing efficiency, Shehbaz Sharif called for the involvement of global experts to ensure the timely completion of international investment projects, asserting a zero-tolerance policy towards negligence or bureaucratic hurdles.

Underlining the historic bond between Pakistan and Saudi Arabia, PM Sharif highlighted Saudi Arabia’s unwavering support during Pakistan’s challenging times. He expressed gratitude to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and Crown Prince Muhammed bin Salman Al Saud for their commitment to bolstering cooperation and partnership with Pakistan.

WhatsApp Image 2024 04 18 at 5.53.57 PM scaled

Expecting a forthcoming visit by a delegation of prominent Saudi businessmen, PM Sharif welcomed the prospect of further investment opportunities. He revealed plans to solidify investment ties during an upcoming visit to Saudi Arabia coinciding with the World Economic Forum.

The prime minister issued directives to prioritize government-to-government agreements and engage Pakistan’s business community in relevant projects, pledging personal oversight to ensure progress and accountability.

The high-profile meeting was attended by several federal ministers including Muhammad Ishaq Dar, Khawaja Muhammad Asif, Ahsan Iqbal, Tariq Fatemi, Deputy Chairman Planning Commission Muhammad Jahanzeb Khan, alongside other key officials and stakeholders.

icon-facebook icon-twitter icon-whatsapp