High-level Saudi delegation arrives for investment talks

A high-level Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan Al Saud arrived here on Monday as part of efforts by Pakistan to attract investment from Riyadh.

The delegation comprises key ministers and senior officials arrived in Pakistan on the heels of a visit by Prime Minister Shehbaz Sharif to Riyadh earlier this month where he held wide-ranging talks with the Saudi leadership.

Saudi Crown Prince Mohammed bin Salman directed his senior cabinet ministers to urgently travel to Islamabad to explore the potential areas for investment. Pakistan is giving high importance to the visit as Foreign Minister Ishaq Dar received the Saudi delegation at the Noor Khan Air Base.

“The visit is aimed at lending positive impetus to enhanced bilateral cooperation and mutually rewarding economic partnership,” said readout of the Foreign Office. It further read that the visit took place essentially to expedite the follow-up on the understanding reached between Prime Minister Muhammad Shehbaz Sharif and the Crown Prince and Prime Minister Mohammed bin Salman, during their recent meeting in Makkah to enhance bilateral economic cooperation.