AGL 22.94 Increased By ▲ 0.91 (4.13%)
AIRLINK 111.29 Increased By ▲ 6.49 (6.19%)
BOP 5.25 Increased By ▲ 0.03 (0.57%)
CNERGY 3.72 Decreased By ▼ -0.01 (-0.27%)
DCL 7.99 Increased By ▲ 0.29 (3.77%)
DFML 40.27 Increased By ▲ 3.87 (10.63%)
DGKC 88.00 Increased By ▲ 0.95 (1.09%)
FCCL 21.99 Increased By ▲ 0.01 (0.05%)
FFBL 42.20 Increased By ▲ 1.24 (3.03%)
FFL 8.55 Decreased By ▼ -0.10 (-1.16%)
HUBC 153.29 Increased By ▲ 3.04 (2.02%)
HUMNL 10.45 Increased By ▲ 0.14 (1.36%)
KEL 4.50 Increased By ▲ 0.05 (1.12%)
KOSM 3.85 Increased By ▲ 0.06 (1.58%)
MLCF 36.80 Decreased By ▼ -0.10 (-0.27%)
NBP 47.99 Increased By ▲ 0.06 (0.13%)
OGDC 131.80 Increased By ▲ 2.10 (1.62%)
PAEL 26.15 Decreased By ▼ -0.34 (-1.28%)
PIBTL 6.03 Increased By ▲ 0.05 (0.84%)
PPL 115.50 Increased By ▲ 1.16 (1.01%)
PRL 22.60 No Change ▼ 0.00 (0%)
PTC 12.58 Increased By ▲ 0.06 (0.48%)
SEARL 55.69 Increased By ▲ 1.49 (2.75%)
TELE 7.20 Increased By ▲ 0.10 (1.41%)
TOMCL 37.00 Increased By ▲ 1.10 (3.06%)
TPLP 7.85 Decreased By ▼ -0.30 (-3.68%)
TREET 15.30 Decreased By ▼ -0.20 (-1.29%)
TRG 54.55 Increased By ▲ 0.54 (1%)
UNITY 31.86 Decreased By ▼ -0.14 (-0.44%)
WTL 1.17 Decreased By ▼ -0.02 (-1.68%)
BR100 8,343 Increased By 52.7 (0.64%)
BR30 26,335 Increased By 323.4 (1.24%)
KSE100 78,987 Increased By 447.9 (0.57%)
KSE30 25,365 Increased By 156.8 (0.62%)
Pakistan

High-level Saudi business delegation to arrive in Pakistan tomorrow

  • Trade delegation will comprise officials from 30 companies representing a range of sectors, including technology, energy, aviation, mining, and human resources
Published May 4, 2024

A 50-member high-level business delegation from Saudi Arabia is expected to arrive in Pakistan tomorrow (Sunday), reported Aaj News on Saturday.

The business delegation will comprise of officials from 30 companies representing a range of sectors, including technology, energy, aviation, mining, and human resources.

In the face of various economic challenges, such as a bulging external account debt and low foreign investment, Islamabad has increased its engagement with bilateral partners, including the GCC countries, particularly Saudi Arabia, inviting them to invest in agriculture, IT, and mining.

On Friday, Prime Minister Shehbaz Sharif chaired a high-level review meeting regarding the progress of Saudi investment and projects in Pakistan.

The meeting was informed in detail about the visit of the prime minister to Saudi Arabia, as well as the arrival of the Saudi Arabian business delegation to Islamabad and the expected investment in the sectors.

Furthermore, the prime minister expressed his gratitude to the Saudi leadership for offering all kinds of support for Pakistan’s development and prosperity during his recent visit to Saudi Arabia.

According to the prime minister, he hopes the meetings between Pakistani businessmen and the Saudi delegation will be fruitful.

Saudi Foreign Minister, Faisal bin Farhan Al Saud, said last month there is a great opportunity to increase investment, which is already on the table, through overcoming “hurdles.”

“I believe there is (a) significant possibility of increasing the level of investment that is already planned,” he said.

He said that Saudi Arabia strongly believes in the potential that Pakistan holds, especially, in the economic development side there is a lot of untapped potential, which needs to be utilised.

Comments

200 characters
test May 05, 2024 09:47am
Saudis were also looking for the investment in their dystopian project line or neom or whatever it is. We must always ask for investment from China which is our one and only premier strategic partner.
thumb_up Recommended (0) reply Reply
test May 05, 2024 09:49am
China is a proven ally because it not only pledged 62 billion usd investment but also followed the due course to investment & western countries just talk while China is what we call a premier partner.
thumb_up Recommended (0) reply Reply
test May 05, 2024 09:51am
I will always stand with China no matter because China is our brother since the begining of our bilateral ties and we are proud to call China a strategic partner and an economic partner of all times..
thumb_up Recommended (0) reply Reply