Prime Minister Shehbaz Sharif Boosts Saudi Investment Monitoring

Prime Minister Muhammad Shehbaz Sharif has taken a proactive stance towards monitoring Saudi investment projects in Pakistan, emphasizing the need for efficiency and modernization in procedures. During a recent meeting, he expressed gratitude to Saudi Crown Prince Mohammed bin Salman for facilitating a high-powered Saudi delegation's visit, which is expected to pave the way for significant Saudi investments in various sectors of Pakistan.

Sharif commended the efforts of federal ministers, the Special Investment Facilitation Council, and senior officers in fostering a mutually beneficial partnership with Saudi Arabia. He stressed the importance of engaging world-class experts for executing foreign investment projects and urged for capacity building within ministries to ensure successful outcomes.

The meeting highlighted discussions on potential Saudi investments in mining, agriculture, energy, information technology, and infrastructure development, aiming to integrate Pakistan into global supply and value chains. Sharif also directed attention towards government-to-government agreements and business-to-business projects, emphasizing the involvement of the local business community.

In a separate high-level meeting regarding the power sector, Sharif emphasized the acceleration of privatization and outsourcing of power distribution companies to enhance management efficiency. Reforms in the power sector were deemed crucial for reducing circular debt and combating electricity theft.

Overall, the prime minister's proactive approach towards economic partnerships and power sector reforms reflects a commitment to advancing Pakistan's progress and prosperity.