ISLAMABAD: Prime Minister Shehbaz Sharif hailed Saudi Arabia’s over $ 2 billion investment in Pakistan as two countries signed several memorandum of understandings to boost bilateral trade and investment.

“Visit of Saudi delegation, headed by investment minister, is important. Crown Prince Mohammed bin Salman has special interest in development of Pakistan,” said Prime Minister during signing ceremony.  He invited Saudi Arabia to invest in aviation sector, especially in outsourcing of international airports of Pakistan.

He reaffirmed Pakistan’s unwavering commitment to Saudi Arabia’s sovereignty and territorial integrity, particularly in face of regional and global challenges. He expressed Pakistan’s readiness to strengthen defense ties, including support for Saudi Arabia’s Vision 2030, which seeks to develop indigenous defense and security capabilities.

He, hailing investment, said that bilateral cooperation between both countries will get stronger with time. He said that government will ensure all measures to implement agreements.

“Economic relations and cooperation between two countries will further increase in future. Pakistan and Saudi Arabia have decades of brotherly relations,” he added.

PM said that Kingdom has supported Pakistan in every difficult time, adding that Saudi Minister’s visit is an important milestone for strengthening investment and economic relations.

Deputy Prime Minister Ishaq Dar, Cheif of Army Staff General Asim Munir and federal ministers attended. PM said that Special Investment Facilitation Council is playing an important role in accelerating foreign investment.

Published in The Daily National Courier, October, 11 2024

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