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Saudi FM visits Pakistan to boost bilateral economic ties

News Desk
Tuesday, Apr 16, 2024

ISLAMABAD: A Saudi delegation led by its Foreign Minister Prince Faisal bin Farhan bin Abdullah arrived in Pakistan on Monday on a two-day official visit to boost bilateral cooperation and economic partnership.

The Saudi foreign minister’s visit comes after Crown Prince Mohammed bin Salman Al Saud during a recent meeting with Prime Minister Shehbaz Sharif reaffirmed that Riyadh would never leave Islamabad alone.

Prince Faisal, upon his arrival in the federal capital, was received by Foreign Minister Ishaq Dar while Saudi Ambassador to Pakistan Nawaf bin Saeed Ahmad Al-Malkiy among other officials was also present at the airport.

During PM Shehbaz’s recent visit, Saudi Arabia had doubled down on its pledge to speed up the initial phase of their $5 billion investment in Pakistan.

During their stay, the Saudi delegation is expected to hold meetings with President Asif Ali Zardari, PM Shehbaz Sharif, Chief of Army Staff (COAS) Gen Syed Asim Munir, and apex committee of Special Investment Facilitation Council (SIFC).

The delegation consists of Saudi Minister of Water and Agriculture Engineer Abdul Rahman Abdul Mohsen Al-Fadley, Minister of Industry and Mineral Resources Bandar Ibrahim AlKhorayef, Deputy Minister of Investment Badr AlBadr, Head of Saudi Special Committee Mohammad Mazyed Al Towaijri, and senior officials from Ministry of Energy and Saudi Fund for General Investments.

The two-day visit is aimed at lending positive impetus to enhanced bilateral cooperation and mutually rewarding economic partnership. “The visit takes place essentially to expedite follow up on the understanding reached between Prime Minister Muhammad Shehbaz Sharif and Mohammad bin Salman, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia during their recent meeting in Makkah Al Mukarramah to enhance bilateral economic cooperation between Pakistan and Saudi Arabia,” the Foreign Office, in an earlier press release said.