Islamabad, Oct 28: Pakistan Pledges Full Support for Saudi Investment, Says Minister. During a follow-up meeting with the kingdom’s assistant minister of investment, Ibrahim AlMubarak, on Monday to discuss the various agreements signed between the two countries this month, Privatization Minister Abdul Aleem Khan stated that Pakistan would provide all possible support for Saudi Arabia’s investment in the country’s various projects.
This month, the firms of Saudi Arabia and Pakistan inked memorandums of understanding (MoUs) and agreements totaling more than $2 billion. When Saudi Investment Minister Khalid bin Abdulaziz Al-Falih visited Islamabad earlier this month with a high-level delegation of Saudi businessmen, the agreements were inked.
According to Khan’s ministry, Khan and AlMubarak met again via video link to go over the agreements they had signed. In a number of areas, both parties also talked about MoUs and cooperative ventures between Saudi Arabia and Pakistan.
According to Khan’s ministry, “We will make every effort to support Saudi Arabia’s investment in Pakistan.” “With the visit of Saudi Investment Minister Khalid bin Abdulaziz Al-Falih, this investment will be completed.”
According to the ministry of privatization, Saudi officials expressed a desire to produce “practical results” from the agreements between the two nations and agreed to hold follow-up discussions on them going forward. According to the ministry, Khan was also asked by Saudi officials to visit the country’s expo, which is set for November 25–26.
Falih reaffirmed the kingdom’s intention to expand its investment portfolio in Pakistan during his visit, with a focus on infrastructure development, mining, agriculture, and food security. The monarchy, whose leadership this year confirmed its pledge to expedite a $5 billion investment package for Islamabad, is one of the friendly countries with which Pakistan has tried to expand trade and investment ties in recent months.
