Prime Minister Shehbaz Sharif had a bustling weekend in Riyadh, where he attended a special meeting of the World Economic Forum (WEF). During his visit, he engaged in crucial discussions with Saudi Arabian officials, culminating in assurances of significant investment into Pakistan’s economy.
In separate meetings with Crown Prince Mohammed Bin Salman, Minister for Investment Khalid Al-Falih, Minister for Finance Mohammad Al Jadaan, and Minister for Industry Bandar bin Ibrahim Alkhourayef, PM Shehbaz emphasised the importance of bilateral cooperation and investment.
At a gala dinner hosted by Crown Prince Mohammed Bin Salman, PM Shehbaz expressed gratitude for the high-powered delegation sent to Pakistan, led by Foreign Minister Faisal bin Farhan bin Abdullah. He further reinforced his commitment to fostering stronger ties between the two nations.
Saudi Minister for Investment Khalid Al-Falih lauded PM Shehbaz as ‘a man of action,’ highlighting his dedication and effectiveness in governance. Al-Falih emphasised that Pakistan’s progress was aligned with Saudi Arabia’s interests and pledged continued support.
Finance Minister Mohammad Al Jadaan announced plans for a delegation of Saudi investors to visit Pakistan soon, reaffirming Saudi Arabia’s prioritisation of investment in Pakistan’s agriculture, information technology, and energy sectors.
Additionally, PM Shehbaz met with International Monetary Fund Managing Director Kristalina Georgieva, where he reiterated his government’s commitment to economic reforms. He expressed gratitude for the IMF’s support in securing the $3 billion Standby Arrangement (SBA) and discussed policy reforms aimed at ensuring sustained economic growth and stability.
The IMF chief praised Pakistan’s efforts and underscored the importance of strong decision-making to address economic challenges and promote inclusive growth.
As discussions continue and partnerships strengthen, PM Shehbaz’s diplomatic efforts in Saudi Arabia signal a promising trajectory for Pakistan’s economic future.