Islamabad: Saudi Arabia’s Minister for Investment, Khalid bin Abdulaziz Al-Falih, announced plans to expand investment in Pakistan. This statement was made during a G2G Roundtable Conference that included a delegation of Saudi investors and members of Pakistan’s federal cabinet.

According to Ministry of Information and Broadcasting, Minister Al-Falih highlighted the fruitful discussions held with Prime Minister Shehbaz Sharif and other top officials in Pakistan, which he believes will lead to beneficial results. He noted that Pakistan offers substantial investment opportunities and expressed satisfaction with his visit, committing to enhance bilateral cooperation further.

The event was also an opportunity for various Pakistani ministers to voice their support and outline the positive trajectory of Pakistan’s economic sectors. Finance Minister Muhammad Aurangzeb noted the country’s movement towards economic stability with positive indicators. Meanwhile, Minister for Petroleum Musadik Malik aligned Saudi Arabia’s Vision 2030 with Pakistan’s economic priorities, emphasizing synergy between the two nations’ goals.

Privatization Minister Abdul Aleem Khan assured extensive support for Saudi investments, while Commerce Minister Jam Kamal Khan predicted strengthened trade ties, especially in the sectors of textile, leather, and food. He also announced a forthcoming visit by a Pakistani trade delegation to Saudi Arabia to further these aims.

Minister of State for IT and Telecommunication, Shaza Fatima Khawaja, briefed on the government’s initiatives towards digitization and e-governance, underscoring the technological advancements being pursued.