$2.8bn KSA investment: PM pleased with implementation of MoUs

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday expressed satisfaction over implementation of recently signed bilateral memoranda of understanding (MoUs) for Saudi investment worth $2.8 billion in Pakistan.

The bilateral relations between Pakistan and Saudi Arabia were discussed during a meeting between Saudi deputy interior minister Dr Nasser bin Abdul Aziz Al Dawood, who paid a courtesy call on Prime Minister Shehbaz Sharif.

A statement issued by PM Office said that the prime minister thanked the Saudi leadership and government for always supporting Pakistan and said both sides were working together to further strengthen Pakistan-Saudi Arabia ties into mutually beneficial economic and investment cooperation.

Discussing the situation in Gaza and the broader Middle East, PM Sharif recalled the recent Arab-Islamic Summit held in Riyadh and appreciated the leadership of Saudi Arabia for holding the event and also the stance of Saudi Crown Prince Mohammed bin Salman over the issue of Palestine.

He also reiterated his invitation to Crown Prince Mohammed bin Salman to undertake an official visit to Pakistan at his earliest convenience as the people of Pakistan were waiting to accord him a very warm welcome.

Copyright Business Recorder, 2024