Shehbaz Meets Saudi Crown Prince for Investment Conference
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Pakistan and Saudi Arabia Strengthen Ties with Investment Discussions at FII9
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Context: the Ninth Future Investment initiative (FII9)
Prime Minister Shehbaz Sharif met saudi Crown Prince Mohammed bin Salman on Monday ahead of the Ninth Edition of the future Investment Initiative (FII9) in Riyadh. The FII,hosted by the Public Investment Fund (PIF) of Saudi Arabia,is a major global investment forum attracting leaders from business,government,and academia. It focuses on identifying opportunities and shaping the future of investment.
This year’s FII9 is particularly focused on themes of new economic frontiers, including technology, sustainability, and global cooperation. Pakistan’s participation underscores its desire to attract foreign investment and strengthen its economic partnerships.
Details of the Meeting
The premier, visiting Saudi Arabia at the invitation of the crown prince, is leading a high-level Pakistani delegation during the trip. The meeting was described as taking place in a “cordial atmosphere” by state broadcaster PTV News.
The delegation includes Deputy Prime Minister and Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, Information Minister Attaullah Tarar and PM’s aides Tariq Fatemi and Bilal Bin Saqib, according to a statement from the Prime Minister’s Office (PMO).
“Matters of mutual interest were discussed in the meeting. The joint statement of the meeting regarding discussions on promoting trade, investment, and cooperation in various sectors between Pakistan and Saudi Arabia will be issued shortly,” the statement said, adding that the meeting was attended by FM Dar, COAS Munir and senior cabinet members from both sides.