Islamabad : April 16,2024: Saudi Foreign minister , Prince Faisal has said Saudi Arabia’s investment for Pakistan is going to translate into a reality in months. Addressing to a joint pressure conference with Pakistani counterpart , Ishaq Dar , said he and other members of his delegation are impressed by SIFC ‘s strategy to seek foreign investment for Pakistan. He deplored that international community has failed to stop killings of innocent Palestinians.
Later , Prince Faisal addressed to the participants of the state dinner hosted by prime minister , Shahbaz Sharif, for visiting Saudi delegation. He said Saudi Arabia and Pakistan are like two brothers and they will go hand in hand for investment in Pakistan and help it expedite its economic recovery.
The high-level Saudi delegation led by His Highness Prince Faisal bin Furhan Al Saud, attended the ‘Saudi Arabia-Pakistan Investment Conference’ held in Islamabad today (Tuesday).
The Foreign Minister Mohammad Ishaq Dar warmly welcomed the Saudi Delegation at the Special Investment Facilitation Council, emphasizing the deep-rooted ties and mutual strategic interests between Pakistan and Saudi Arabia. He highlighted the significance of enhanced bilateral strategic and economic partnership and the crucial role of Saudi investments in nurturing this relationship. He explained how Pakistan through the SIFC platform aimed to streamline investment processes and ensure rapid decision-making, fostering a flourishing investment-friendly environment in Pakistan. He showcased Pakistan’s abundant opportunities in agriculture, IT, and mining sectors, inviting Saudi investors to engage in mutually beneficial partnerships.
The Foreign Minister expressed confidence in the strengthened bonds between the two countries, envisioning significant economic growth and lasting benefits. He concluded with a call for constructive engagement and collaboration towards mutual prosperity and development.
The SIFC officials gave comprehensive briefings encompassing the potential and investment opportunities in key sectors of Pakistan’s economy. Both sides held exhaustive deliberative sessions at functional level to crystallize investment opportunities in Pakistan.
The Saudi side expressed great significance and interest in the improving investment ecosystem in Pakistan, appreciated SIFC’s role in amicable resolution of KSA’s legacy investment/business related issues, and showed keen interest to invest in key sectors of Pakistan. The Pakistan side assured the Saudi side of maximum support and facilitation in fast-tracking the Kingdom’s prospective multi billion dollars investments in Pakistan.
The two sides also finalized a bilateral implementation mechanism to closely coordinate and execute investment related matters at the functional level to turn the sovereign commitments into tangible economic outcomes.
