PM urges to expedite first phase of Saudi investments in Pakistan
ISLAMABAD: Saudi Foreign Minister Prince Faisal bin Farhan Al Saud called on Prime Minister Shehbaz Sharif, wherein the two sides reiterated their commitment to strengthening the bilateral relations focused on mutually beneficial economic cooperation.
The high-powered Saudi delegation arrived on a two-day visit to expedite follow-up on the understanding reached between PM Shehbaz Sharif and Saudi Crown Prince Mohammad bin Salman during their recent meeting in Makkah.
Recalling his warm and productive meeting with the Saudi crown prince, the prime minister said that the Saudi delegation’s visit after his trip was a manifestation of the strong commitment of both countries to the strengthening of bilateral relations focused on mutually beneficial economic cooperation.
In this regard, PM Shehbaz Sharif said that both sides needed to work closely to expedite the first phase of Saudi investments in Pakistan under the new arrangement.
During the meeting, the prime minister expressed his deep appreciation for the Saudi leadership and conveyed his sincerest wishes to King Salman bin Abdul Aziz and Crown Prince Mohammed bin Salman.
PM Shehbaz underscored the significance accorded by Pakistan to its longstanding fraternal, economic and strategic relations with Saudi Arabia and said that both countries had always stood together at all times.
Pakistan, Saudi Arabia reiterate commitment to enhanced bilateral strategic, economic partnership He informed the delegation about the Special Investment Facilitation Council (SIFC) 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.
The Saudi foreign minister expressed gratitude for the warm welcome accorded to his delegation and highlighted that Saudi Arabia attached 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. They also discussed the escalating situation in the occupied Palestine.