Saudi-Pakistan Strengthen Economic Ties Through Investment Commitment

Saudi Foreign Minister Faisal bin Farhan Al Saud has reiterated his country's commitment to strengthening economic ties with Pakistan. During a joint press conference with Pakistani Foreign Minister Ishaq Dar, Prince Faisal expressed Saudi Arabia's dedication to enhancing investment in Pakistan. The recent meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammad bin Salman has paved the way for increased cooperation between the two nations.

Prince Faisal commended Pakistan's Special Investment Facilitation Council (SIFC) for its efforts to attract foreign investment, noting the significant presence of a high-profile Saudi delegation in Pakistan. The Saudi foreign minister also condemned the humanitarian crisis in Gaza, emphasizing the need for international intervention to address the dire situation.

Foreign Minister Dar welcomed the Saudi delegation, highlighting the potential for a strategic partnership between Pakistan and Saudi Arabia. Both leaders discussed avenues to boost investment in Pakistan, particularly in sectors such as energy, agriculture, minerals, and IT. Dar assured full support for Saudi investment initiatives and emphasized Pakistan's commitment to providing a conducive environment for foreign investors.

The visit of the Saudi delegation underscores Pakistan's efforts to attract investment from Riyadh, with a focus on projects like the Reko Diq mine and opportunities in the agricultural sector. Pakistan aims to secure significant investments from Gulf countries to bolster its foreign reserves and stimulate economic growth.

In conclusion, the ongoing discussions between Saudi Arabia and Pakistan signal a promising future for bilateral economic cooperation, with both countries poised to benefit from enhanced investment opportunities.