After UAE and Qatar, Saudi Arabia on Thursday publicized 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 allotted directives to invest $1 billion in Pakistan, Saudi state TV added.
The development comes throughout 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 debating the strong Saudi-Pakistani relations and ways to boost them, the two leaders also deliberated regional and international issues of common interest.
Although recalling fraternal bilateral ties amongst the two countries, FM Bilawal greeted 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 informed his counterpart on damages caused by unprecedented floods in parts of Pakistan. The foreign minister be grateful his Saudi counterpart for the solidarity and all possible assistance provided by Saudi Arabia to Pakistan flood affecters in these difficult times.
Read Also: UAE planning to invest one billion dollars in Pakistan
The Qatar Investment Authority (QIA) yesterday announced it aims to spend $3bn on numerous commercial and investment sectors in Pakistan, which is presently facing a dire economic crisis.
The declaration was made throughout 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
Previously, the United Arab Emirates (UAE) announced to invest one billion dollars in Pakistan’s economic and investment sectors.