PM Shehbaz welcomes Saudi business delegation for investment talks

Web DeskMay 4, 2024 02:25 PMpolitics
  • Saudi delegation explores investment opportunities in Pakistan across various sectors
  • PM Shehbaz emphasizes warm hospitality and Saudi support for Pakistan's progress
  • Discussion on polio eradication efforts with Global Polio Eradication Initiative delegation
PM Shehbaz welcomes Saudi business delegation for investment talksImage Credits: nation_pk
Prime Minister Shehbaz Sharif welcomes a Saudi business delegation to Pakistan to explore investment opportunities. Discussions include bilateral trade, polio eradication efforts, and plans for the Pak-Saudi Investment Conference.

Prime Minister Shehbaz Sharif expressed gratitude for Saudi Arabia's friendship, welcoming a 50-member Saudi business delegation arriving in Pakistan. The delegation aims to explore investment opportunities across various sectors, including IT, telecom, energy, and agriculture. This visit underscores Saudi Arabia's commitment to diversifying its economy under Vision 2030.

During a high-level meeting, PM Shehbaz emphasized warm hospitality for the delegation, highlighting Saudi Arabia's support for Pakistan's progress. The delegation's focus on enhancing bilateral trade is evident, with Pakistan exporting goods worth $262.58 million and Saudi Arabia exporting $2.219 billion in the first half of the current financial year.

Additionally, PM Shehbaz discussed polio eradication efforts with a Global Polio Eradication Initiative delegation. He pledged full government support, including security for vaccination teams, to eliminate this disease. The delegation praised Pakistan's resolve in combating polio and emphasized the importance of Pakistan-Afghanistan cooperation in this regard.

The upcoming Pak-Saudi Investment Conference presents a significant opportunity for both countries to strengthen economic ties and foster mutual growth. With a shared commitment to progress and prosperity, Pakistan and Saudi Arabia are poised to enhance their strategic partnership through increased investment and collaboration.

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