PM Shahbaz Sharif urges to expedite first phase of Saudi investments in Pakistan

Government of PakistanPM Shahbaz Sharif urges to expedite first phase of Saudi investments in...

ISLAMABAD, Pakistan: The Saudi Foreign Minister Prince Faisal bin Farhan Al Saud, who is leading a high-powered delegation on an official visit to Pakistan, met Prime Minister Shahbaz Sharif in Islamabad on Tuesday.  

During the meeting, the prime minister expressed his deep appreciation for the leadership of the Kingdom of Saudi Arabia and conveyed his sincerest wishes to the Custodian of the Two Holy Mosques His Majesty King Salman bin Abdul Aziz Al Saud and His Royal Highness Crown Prince Mohammed bin Salman bin Abdul Aziz Al Saud.


The prime minister underscored the significance accorded by Pakistan to its longstanding fraternal, economic and strategic relations with Saudi Arabia. He said both Countries had always stood together at all times.PM Shahbaz Sharif urges to expedite first phase of Saudi investments in Pakistan

While recalling his warm and productive meeting with His Royal Highness Crown Prince Mohammed bin Salman in Makkah earlier this month, the prime minister stated that the visit of the Saudi delegation led by the foreign minister, immediately after his visit, was a manifestation of the strong commitment of both Countries to the strengthening of bilateral relations focused on mutually beneficial economic cooperation.

In this regard, the prime minister said that both sides needed to work closely to expedite the first phase of Saudi investments in Pakistan under the new arrangement.

The prime minister informed the delegation about the Special Investment Facilitation Council (SIFC) and its initiatives to promote investment in Pakistan.

Shahbaz Sharif also highlighted the key role of the Chief of the Army Staff (COAS) General Syed Asim Munir and the cooperation of all institutions for the promotion of investment in the country through SIFC.

The Saudi Foreign Minister Prince Faisal expressed gratitude for the warm welcome accorded to his delegation and highlighted that Saudi Arabia attached high importance to its strong and close ties with Pakistan.

The Saudi foreign minister also conveyed the Kingdom’s commitment to an enhanced strategic and economic partnership with Pakistan.

The escalating situation in the occupied Palestinian Territories was also discussed.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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