Prime Minister Shehbaz Sharif prioritizes transforming Pakistan-Saudi Arabia relationship into economic partnership
In a statement from his office, Prime Minister Shehbaz Sharif emphasized on Monday that his government’s main focus would be to turn the long-standing relationship between Pakistan and Saudi Arabia into a mutually beneficial economic partnership.
Pakistan’s Special Investment Facilitation Council aims to attract foreign investment
Last year, Pakistan established the Special Investment Facilitation Council to lure foreign investment into key economic sectors. The council, known as SIFC, is actively seeking investment in areas such as energy, mines and minerals, information technology, agriculture and livestock, and industry and tourism. It has a keen interest in attracting investments from Gulf countries, where economic ties are deeply rooted.
Saudi Arabia’s Ambassador meets with PM Sharif
Saudi Arabia’s Ambassador to Pakistan, Nawaf bin Said Al-Malki, met with PM Sharif on Monday, as confirmed by the Prime Minister’s Office. During the meeting, PM Sharif expressed gratitude towards Crown Prince Mohammed bin Salman and King Salman bin Abdul Aziz for their congratulations on his election as the country’s chief executive.
Focus on attracting Saudi investment for bankable projects
The PMO stated that Prime Minister Sharif emphasized the importance of transforming the bilateral relations between Pakistan and Saudi Arabia into a strategic and economic partnership. He specifically highlighted the need to attract Saudi investment for viable projects in Pakistan.
Saudi delegation explores extending facilities to Karachi airport
A Saudi delegation recently visited Pakistan to evaluate Karachi airport with the aim of potentially expanding the facility to the city. This move is part of efforts to enhance cooperation between the two countries.
Invitation for PM Sharif to visit Saudi Arabia
Ambassador Malki invited PM Sharif to visit Saudi Arabia, assuring him of the full support of the Saudi leadership. He emphasized that Saudi Arabia would always stand as a reliable partner in building a stronger and prosperous Pakistan.
Strong trade and defense relations between Pakistan and Saudi Arabia
Pakistan and Saudi Arabia share robust trade, defense, and fraternal relations. With over 2.7 million Pakistani expatriates residing in the Kingdom, Saudi Arabia is a significant destination for remittances, providing crucial support to Pakistan’s economy.