Pakistan’s Prime Minister Shehbaz Sharif is expected to visit Saudi Arabia soon, his second trip this month to the friendly Gulf kingdom, to advance investment talks as his cash-strapped government has presented lucrative returns on Saudi investment.
According to The Express Tribune, in addition to the enticing prospects of harvesting rich dividends on investment, Pakistan has assured priority in profits to Saudi investors without any hindrances.
Sharif’s government has presented returns ranging from an appealing 14 per cent to an astounding 50 per cent on Saudi investment, the report said.
According to government sources involved in these discussions, the indicated returns on Saudi investment are expected to allow the Kingdom to recoup its invested capital within three to nine years, depending on the nature of the project.
Pakistan aims to advance the Saudi Arabia investment initiative during the April 27-28 visit of Sharif, who will be accompanied by a team from the Special Investment Facilitation Council (SIFC).
Prime Minister Sharif was in Jeddah earlier this month to perform Umrah and met Crown Prince Mohammed bin Salman and discussed a planned USD 5 billion Saudi investment package for Pakistan, according to the joint statement issued by both countries. The visit to Saudi Arabia was the first foreign visit by Sharif since he assumed office in March.
