ISLAMABAD On October 9, a high-level Saudi delegation headed by Khalid bin Abdulaziz Al-Falih, the Kingdom’s Investment Minister, would travel to Pakistan for three days with the goal of finalizing $2 billion in business-to-business investment offers.
Al-Falih’s visit earlier this week was confirmed by Pakistan’s foreign office, which also mentioned that a high-level group would be joining him. The Saudi minister’s and his team’s visit is intended to strengthen economic cooperation between the two nations and takes place in advance of the Shanghai Cooperation Organization meeting, which is scheduled for October 15–16.
“To finalize various business-to-business investment proposals, which are estimated to exceed $2 billion, the Saudi Minister for Investment will arrive on Wednesday,” Dar announced Tuesday.
He said that the Kingdom’s assistance had been crucial in allowing Pakistan to stand on its own two feet. “Saudi Arabia has remained rock solid in helping us navigate difficult economic challenges in recent times,” he said.
He declared, “The two nations are headed toward establishing ever-closer strategic cooperation between their citizens.”
In order to fulfill their leaders’ objective of both countries developing into stronger and more wealthy states together, Dar underlined the necessity for both to keep up the current momentum in their bilateral relations.
“I express my profound and heartfelt appreciation to the Kingdom of Saudi Arabia on behalf of the people and government of Pakistan for its unwavering support and aid to Pakistan during both prosperous and challenging times,” he added.
Crown Prince Mohamed bin Salman reaffirmed the Kingdom’s earlier this year vow to expedite a $5 billion investment package for the South Asian nation, and the two countries have been working closely in recent months to enhance bilateral trade and investment arrangements.
In order to recover from a protracted economic crisis that has depleted its foreign exchange reserves and devalued its currency, Pakistan has been pursuing tighter collaboration with regional allies in a number of areas, including commerce, defense, and energy.
Al-Falih’s visit earlier this week was confirmed by Pakistan’s foreign office, which also mentioned that a high-level group would be joining him. The Saudi minister’s and his team’s visit is intended to strengthen economic cooperation between the two nations and takes place in advance of the Shanghai Cooperation Organization meeting, which is scheduled for October 15–16.
“To finalize various business-to-business investment proposals, which are estimated to exceed $2 billion, the Saudi Minister for Investment will arrive on Wednesday,” Dar announced Tuesday.
He said that the Kingdom’s assistance had been crucial in allowing Pakistan to stand on its own two feet. “Saudi Arabia has remained rock solid in helping us navigate difficult economic challenges in recent times,” he said.
He declared, “The two nations are headed toward establishing ever-closer strategic cooperation between their citizens.”
In order to fulfill their leaders’ objective of both countries developing into stronger and more wealthy states together, Dar underlined the necessity for both to keep up the current momentum in their bilateral relations.
“I express my profound and heartfelt appreciation to the Kingdom of Saudi Arabia on behalf of the people and government of Pakistan for its unwavering support and aid to Pakistan during both prosperous and challenging times,” he added.
Crown Prince Mohamed bin Salman reaffirmed the Kingdom’s earlier this year vow to expedite a $5 billion investment package for the South Asian nation, and the two countries have been working closely in recent months to enhance bilateral trade and investment arrangements.
In order to recover from a protracted economic crisis that has depleted its foreign exchange reserves and devalued its currency, Pakistan has been pursuing tighter collaboration with regional allies in a number of areas, including commerce, defense, and energy.