Islamabad: In a significant stride towards bolstering economic ties, Pakistani and Saudi ministers convened in Riyadh to delineate and expedite a road map for robust investment initiatives. The meeting underscored a mutual commitment to implement previously signed memorandums of understanding and agreements.

According to Press Information Department, the gathering featured Pakistan’s Federal Minister for Board of Investment, Privatization and Communications, Abdul Aleem Khan, and Minister for Petroleum, Musadaq Malik. They met with Saudi Arabia’s Minister of Investment, Sheikh Khalid Bin Abdul Aziz Al-Faleh. Both parties discussed accelerating the agreed-upon initiatives which are set to enhance investment flows into Pakistan. Sheikh Khalid expressed his satisfaction with the progress and reiterated Saudi Arabia’s active role in fostering Pakistan’s economic development.

Sheikh Khalid extended an invitation to Minister Abdul Aleem Khan for an upcoming expo in Saudi Arabia, scheduled for November 25 and 26, which aims to further detail investment plans. He highlighted the enduring support Saudi Arabia has provided to Pakistan and affirmed a commitment to escalate investments in key sectors. On his part, Minister Abdul Aleem Khan assured that Pakistan would optimize conditions for Saudi investments by streamlining processes and facilitating investor needs, reflecting a robust determination to fortify Pak-Saudi relations.

The meeting concluded with an agreement to maintain ongoing dialogues and reviews, enhancing the collaborative framework essential for realizing the set objectives. The ministers thanked their Saudi counterparts and emphasized the importance of continuous engagement for the swift implementation of the investment plans.