At PM Shehbaz Sharif’s office, the Saudi delegation headed by Prince Faisal bin Farhan was greeted.
The SIFC apex committee and the Saudi foreign minister would meet to finalize the investment proposals.
A meeting with the army chief is scheduled for the two days that the Saudi delegation is in Pakistan.
The delegation comprises of the following individuals: Bandar Ibrahim AlKhorayef, Minister of Industry and Mineral Resources; Mohammed Mazyed Al Towaijri, Head of Saudi Special Committee; and senior officials from the Ministry of Energy and Saudi Fund for General Investments. The Saudi Minister of Water and Agriculture, Eng. Abdul Rahman Abdul Mohsen Al-Fadley, is also in attendance.
Yesterday morning at the airport, the team was greeted by Saudi Arabia’s ambassador to Pakistan, Nawaf bin Saeed Ahmad Al-Malkiy, Finance Minister Ishaq Dar, and other cabinet members.
Premier Shehbaz Sharif and Crown Prince and Prime Minister of Saudi Arabia, Mohammad bin Salman, recently met in Makkah and came to an agreement to strengthen bilateral economic cooperation. This was the reason for the visit.
It is expected that the visit will help to establish a mutually beneficial business alliance between the two countries and would significantly enhance bilateral cooperation.
Pakistan is attempting to entice Saudi Arabia to spend billions of dollars under the auspices of the Special Investment Facilitation Council (SIFC), a civil-military body that aims to remove bureaucratic roadblocks and other obstacles impeding foreign investment.
When PM Shehbaz and Crown Prince Mohammed Bin Salman recently visited the Kingdom, they decided to accelerate Pakistan’s first round of a $5 billion investment package.
