Prime Minister Shehbaz Sharif’s recent visit to Saudi Arabia has unlocked significant new economic avenues for Pakistan, with Saudi Arabia committing an additional $600million in investments.
According to details surfaced on Wednesday, the latest injection has raised the Saudi investments in Pakistan to a substantial $2.8billion. During a productive meeting with Saudi Crown Prince Mohammed bin Salman, PM Shehbaz received assurances of continued support.
“This support marks a new chapter in Pakistan-Saudi relations,” said the premier.
PM Shehbaz expressed hope that this would be the country's last programme with the International Monetary Fund (IMF).
The prime minister’s discussions with Saudi Minister of Investment Khalid bin Abdulaziz Al-Falih underscored a mutual commitment to expanding cooperation across trade, economic, and public sectors.
Al-Falih described the relationship as reaching "new heights" and acknowledged Pakistan’s recent reforms under Sharif's leadership as pivotal.
"With 34 agreements now in place, we look forward to further strengthening our partnership," he added, highlighting five new projects moving toward completion.
Expressing his thoughts during a conference at the Future Investment Initiative, PM Shehbaz showcased the country’s investment potential, inviting global investors to explore opportunities.
He also met with a senior advisor in the Saudi royal court, Mohammed bin Mazyad Al-Tuwaijri, where both emphasized leveraging the economic opportunities in connection with Saudi Vision 2030.
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