Saudi Delegation Arriving In Pakistan Today
ISLAMABAD – A high-level Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan, is set to arrive in Pakistan today. This visit aims to implement agreements made between Prime Minister Shehbaz Sharif and Crown Prince Mohammad bin Salman. The delegation, which includes various top Saudi officials such as Minister of Water and Agriculture Abdul Rahman Abdul Mohsen Al-Fadley, Minister of Industry and Mineral Resources Bandar Ibrahim AlKhorayef, and Deputy Minister of Investment Badr AlBadr, will engage in critical discussions with Pakistani leaders.
Their agenda focuses on bolstering investments in key sectors like mining and tourism, and advancing projects such as the Reko Diq mine and Diamer Basha Dam. Discussions will also cover the expansion of small oil refineries to enhance oil purification processes in Pakistan.
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The visit follows a recent agreement to fast-track a significant $5 billion Saudi investment in Pakistan, a move initiated by Crown Prince Mohammad bin Salman who last year directed the Saudi Development Fund to consider boosting its deposit in the State Bank of Pakistan to $5 billion.
The delegation is scheduled to meet with Pakistan’s president, prime minister, foreign minister, chief of army staff, and the apex committee of the Saudi-Pakistan Supreme Coordination Council, as per the announcement by Pakistan’s Foreign Office. The visit underscores a deepening economic partnership and aims to significantly enhance bilateral cooperation between the two nations.
