Saudi Arabia to invest $1 billion in Pakistan
- By Web Desk -
- Aug 25, 2022
After UAE and Qatar, Saudi Arabia on Thursday announced to invest $1 billion in Pakistan to support the country’s economy, the official Saudi Press Agency (SPA) reported.
Saudi King Salman bin Abdulaziz Al Saud had issued directives to invest $1 billion in Pakistan, Saudi state TV added.
The development comes during a telephonic phone call between Saudi FM Prince Faisal bin Farhan bin Abdullah and Foreign Minister Bilawal Bhutto Zardari, where he informed the latter of the King’s directive.
In addition to discussing the strong Saudi-Pakistani relations and ways to boost them, the two leaders also discussed regional and international issues of common interest.
While recalling fraternal bilateral ties between the two countries, FM Bilawal welcomed Saudi Arabia’s commitment of $1 billion investment in Pakistan.
Pleased to have conversation with HH FM @FaisalbinFarhan. Recalling fraternal bilat. ties, welcomed KSA commitment of $1 billion invest. in Pakistan. Briefed my counterpart on damages caused by unprecedented floods, highly value solidarity expressed & KSAs all possible assistance
— BilawalBhuttoZardari (@BBhuttoZardari) August 25, 2022
Bilawal Bhutto also briefed his counterpart on damages caused by unprecedented floods in parts of Pakistan. The foreign minister thanked his Saudi counterpart for the solidarity and all possible assistance provided by Saudi Arabia to Pakistan flood affectees in these difficult times.
QATAR AGREES TO US$3 BILLION INVESTMENTS IN PAKISTAN: SOURCES
Qatar to invest $3bn in Pakistan
The Qatar Investment Authority (QIA) yesterday announced it aims to spend $3bn on various commercial and investment sectors in Pakistan, which is currently facing a dire economic crisis.
The announcement was made during Prime Minister Shehbaz Sharif’s visit to Doha.
Heading back to Pakistan today after the conclusion of my important trip to Qatar. Thank you to the government & people of Qatar, especially my brother HH Sheikh @TamimBinHamad for the warm welcome & excellent hospitality. Two aspects of the visit are noteworthy:
— Shehbaz Sharif (@CMShehbaz) August 25, 2022
Earlier, the United Arab Emirates (UAE) announced to invest one billion dollars in Pakistan’s economic and investment sectors.