The continuous efforts of the Special Investment Facilitation Council (SIFC) have started bearing fruit, as the Saudi Ministry of Investment delegation made its third visit to Pakistan in just a few months.
The recent visit of the Saudi Ministry of Investment delegation to Pakistan commenced on October 9 in Islamabad. The Saudi delegations had previously visited Pakistan in April and May, which resulted in several positive developments. During these visits, a thorough review of Pakistan's investment potential was conducted, leading to mutual interest in various projects.
Led by Saudi Investment Minister, His Excellency Khalid Al-Falih, the delegation arrived in Islamabad on October 9 for a three-day visit. On the morning of October 10, the delegation held meetings with government representatives and investors, finalizing agreements on projects previously discussed and identifying new areas for collaboration. Several billion-dollar agreements were signed during this visit, focusing on investments in IT, agriculture, engineering, and other key sectors.
On the final day of the visit, a ministerial roundtable conference was held between officials from both countries. The conference reaffirmed the commitment to using mutual capabilities to strengthen the economy and expressed a desire to expand economic cooperation into other sectors.
It is noteworthy that Saudi Arabia plays a significant role in the revival of Pakistan’s economy, and the recent visit is a testament to Saudi Arabia’s confidence in Pakistan's investment potential. Projects agreed upon during previous visits were finalized during this tour, and new initiatives were discussed.
The increasing trend of investments from the Middle East, as well as Asian and European countries, into Pakistan highlights the growing international confidence in the country’s economic stability. The continuous efforts of the SIFC, spanning over a year, are yielding results, with gradual stabilization in Pakistan’s economy becoming evident.
