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Saudi Investment Minister Vows to Help Pakistan Achieve More Economic Stability

Saudi Arabia’s Minister for Investment, Sheikh Khalid Bin Abdul Aziz Al Faleh, on Thursday praised the strong Pakistan-Saudi relations and highlighted the extensive opportunities for economic cooperation between the two nations.

Speaking at the Pakistan-Saudi Arabia Business Forum, Al Faleh acknowledged Pakistan’s recent economic stabilization efforts and announced Saudi Arabia’s full commitment to helping Pakistan achieve further economic stability. He also revealed that Chief of Army Staff (COAS) General Asim Munir had assured the establishment of a single-window counter in Saudi Arabia to facilitate investments in Pakistan.

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Earlier in the day, COAS General Asim Munir met with the Saudi minister and expressed gratitude for the Kingdom’s continued support to Pakistan. According to a press release issued by the Inter-Services Public Relations (ISPR), the meeting “focused on matters of mutual interest, particularly initiatives to strengthen the ever-growing brotherly bilateral cooperation in a variety of sectors.”

Their discussion also revolved around enhancing bilateral cooperation and exploring investment opportunities. The army chief praised King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman for their support of Pakistan. He also expressed the country’s full support for ongoing initiatives, which include substantial Saudi investments in infrastructure and mining projects.

ISPR added that the visit of one of the largest business delegations to Pakistan reaffirms the enduring and fraternal ties between the two countries.

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The Saudi Investment Minister also met separately with President Asif Ali Zardari. During this meeting, he acknowledged Pakistan’s strategic geographical importance and its potential for natural resources and renewable energy. He noted that Saudi Arabia is keen to explore investment opportunities in Pakistan’s diverse sectors and contribute to its economic growth.

The Saudi minister’s three-day official visit is expected to result in the signing of 27 agreements in various sectors, including infrastructure, mining, agriculture, and information technology.

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