Prime Minister Shehbaz Sharif has dispatched a high-level delegation to Saudi Arabia aimed at finalizing investment agreements worth $28 billion. The move is part of Pakistan’s ongoing efforts to strengthen economic ties with the Kingdom of Saudi Arabia and to attract much-needed foreign investments.
The delegation, led by Finance Minister Ishaq Dar, includes senior officials from key government ministries, who will engage with Saudi authorities to seal deals in various sectors, including energy, infrastructure, and technology. The agreements are expected to bolster Pakistan’s economic growth, create job opportunities, and improve bilateral trade relations.
According to the Prime Minister’s Office, these agreements are expected to cover both public and private investments, with a focus on enhancing Pakistan’s energy infrastructure, including renewable energy projects and the development of special economic zones.
The visit comes amid efforts by the Pakistani government to stabilize the national economy, which has faced challenges due to inflation and foreign exchange issues. The partnership with Saudi Arabia, one of Pakistan’s largest trading partners, is seen as a crucial step in securing financial support to address these concerns.
The delegation’s visit is also a follow-up to recent discussions between the leaders of Pakistan and Saudi Arabia, reflecting the deepening cooperation between the two countries. Pakistan hopes to increase its economic and diplomatic influence in the region through such high-profile engagements.
Officials from both sides are optimistic about the outcome of the talks, which could significantly improve bilateral economic relations and pave the way for future investments in various sectors.
