HomeAsiaPakistanPM Leaves for Saudi Arabia on Two-Day Official Trip

PM Leaves for Saudi Arabia on Two-Day Official Trip

 Islamabad (TDI): Prime Minister Shehbaz Sharif  will begin a two-day official visit to Saudi Arabia today, where he will attend the 8th Edition of the Future Investment Initiative meeting in Riyadh.

The 8th Edition of the Future Investment Initiative (FII) meeting will be held from 29 to 30 October, the Ministry of Foreign Affairs has stated.

The FII serves as an important platform for countries to showcase their economic strength, draw foreign investments, and engage in dialogue to shape a sustainable future.

The FII themed as ‘Infinite Horizons: Investing Today, Shaping Tomorrow’ will focus on global investments aimed at addressing major issues such as Artificial Intelligence, robotics, education, energy, space, finance, healthcare, and sustainability, the statement added.

PM Shehbaz, who will be accompanied by key cabinet ministers, is expected to hold important bilateral talks with the Saudi Crown Prince and Prime Minister Mohammed bin Salman and other key Saudi officials.

According to the statement, the two sides will discuss the economic and strategic partnership between Pakistan and the Kingdom of Saudi Arabia and explore bilateral cooperation in the economic, energy, and defence domains.

The prime minister is also expected to engage with participating leaders and entrepreneurs at the FII conference, the ministry stated.

Read More: Saudi Vision 2030 Aligns with Pakistan’s Economic Goals

The two countries are tied in historic brotherly ties with cooperation in various areas including culture, economy, trade, and defence, and others.

Earlier this month, the two states signed 27 memorandums of understanding (MoUs) worth $2.2 billion in various sectors when the Saudi Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh paid three-day official visit to Islamabad.

Also Read: PM Shehbaz Extends Wishes to Saudi Arabia on National Day

Saudi frequently assisted Pakistan during times of economic crises.In June last year, it played a key role in saving Pakistan when it was at the verge of a sovereign default.

Riyadh deposited $2 billion in the State Bank of Pakistan (SBP) to help the country unlock a $3 billion bailout package from the International Monetary Fund (IMF).

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