Pakistan's Foreign Minister Ishaq Dar meets Saudi Arabia's Foreign Minister Prince Faisal bin Farhan bin Abdullah, at the Ministry of Foreign Affairs, in Islamabad, Pakistan April 16, 2024. Ministry of Foreign Affairs /Handout via REUTERSISLAMABAD : Saudi Arabia's foreign minister said on Tuesday that Riyadh will be"moving ahead significantly" to invest in projects in Pakistan, days after Islamabad announced that the Kingdom had pledged to expedite $5 billion in investment.
His Pakistani counterpart Ishaq Dar told a joint news conference that Pakistan gave extensive briefings to the delegation on potential investment projects. The delegation came to follow-up on the understanding reached between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman during their recent meeting in Makkah Al Mukarramah to enhance economic cooperation between the two countries.
The Special Investment Facilitation Council , a body consisting of Pakistani civilian and military leaders set up to promote investment in Pakistan, briefed the delegates to showcase various sectors for investment, Dar said.