Karachi: On a two day official trip to Pakistan, Saudi Arabia’s Crown Prince Mohammad Bin Salman concludes
The investment will spread across the sectors like refinery and petrochemicals complex in the coastal city of Gwadar, where China is building a port.
The Board of Investment Chairman, Haroon Sharif, has said that signing of the memorandums of understanding (
Finance Minister Asad Umar says, “The visit of Saudi Crown Prince Muhammad bin Salman is the foundation to take the economic relations between the two countries to the next higher level.”
Mr Umar shared his optimism regarding the interest shown by a Saudi energy company to invest in Pakistan’s energy sector. “Economy cannot sustain without energy,” he said, adding that the visit of the crown prince would take the bilateral relations to the new heights.
The Crown Prince showed great interest on the potential of Pakistan and wishes Pakistan to surround the Middle East from the East, forming a great Middle East in future.
Both allies looks forward to supporting each other in the times to come, Saudi by offering great investments and economic support to Pakistan, whereas Pakistan’s powerful army lending unwavering strength to Saudi Arabia and its royal family.
“This visit, God willing, will start a new chapter in Pakistan and Saudi Arabia’s relations,” Foreign Minister Shah Mahmood Qureshi told state-run PTV channel. “We’re going to start a strategic economic partnership.”
“In parallel, there is reassurance that Saudi Arabia will not only continue to serve as a strategic friend who will help shore up Pakistan’s finances when needed, but it’s also going to become a participant in the wider investment in Pakistan.”
Prime Minister Imran Khan, spoke about the support Pakistani labours must get in Saudi Arabia. In response, Saudi Crown Prince promises to deliver strong support to Pakistani workforce in Saudi Arabia.
According to Pakistan’s information minister, Fawad Chaudhary, Prince Mohammad has ordered the release 2,100 Pakistani prisoners from the kingdom’s jails.
This visit holds great significance as it was Prince Mohammad’s first official trip outside Saudi Arabia after the murder of Saudi critic and journalist Jamal Khashoggi.
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