Wednesday, 29 May 2024, 05:36:10 pm

PM emphasizes to accelerate first phase of Saudi investments in Pakistan
April 16, 2024

Prime Minister Muhammad Shehbaz Sharif says Pakistan and Saudi Arabia need to work closely to expedite first phase of Saudi investment in Pakistan under new arrangement.   

Talking to a high powered Saudi delegation led by Saudi Foreign Minister Prince Faisal Bin Farhan Al Saud in Islamabad today, he underscored the significance accorded by Pakistan to its longstanding fraternal, economic and strategic relations with Saudi Arabia.   

 He said both the countries have always stood together at all times.

The Prime Minister said that the visit of the Saudi delegation immediately after his visit is a manifestation of the strong commitment of both countries to further strengthen bilateral relations.

The Prime Minister informed the delegation about the Special Investment Facilitation Council and its initiatives to promote investment in Pakistan.

He also highlighted the key role of Chief of the Army Staff General Syed Asim Munir and the cooperation of all institutions for the promotion of investment in the country through SIFC.

On his part, the Saudi Foreign Minister highlighted that Saudi Arabia attaches high importance to its strong and close ties with Pakistan.

He also conveyed the Kingdom's commitment to an enhanced strategic and economic partnership with Pakistan.

The escalating situation in the occupied Palestinian Territories was also discussed.