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Saudi Arabia to invest $1 billion in Pakistan

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ISLAMABAD, Aug 25(ABC): Following the Qatari leadership’s announcement to invest $3 billion, Saudi Arabia has also assured the Pakistani leadership of an investment of $1 billion.

Foreign Minister Bilawal Bhutto and his Saudi counterpart, Faisal bin Farhan, had a telephone conversation in which they discussed the promotion of bilateral brotherly relations.

During the telephone conversation, Saudi FM assured that his country would invest $1 billion in Pakistan. Bilawal Bhutto expressed his gratitude to his Saudi counterpart.
The Foreign Minister informed the Saudi counterpart about the devastation caused by the unusual floods in Pakistan.

He expressed his gratitude to Saudi Arabia for showing solidarity regarding the worst flood situation and also appreciated the assurance from Saudi Arabia that they would take all possible measures to help the flood victims of Pakistan.

It should be remembered that on Wednesday, Qatar announced an investment of $3 billion in Pakistan.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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