PNN – Three weeks have passed since the recent visit of the Saudi Foreign Minister and his high-ranking economic delegation to Pakistan and at the same time as the meetings of the heads of the two countries in Riyadh, another delegation from Saudi Arabia traveled to Islamabad with the slogan of strengthening trade and finding investment opportunities in Pakistan.
According to the report of Pakistan News Network, Pakistan’s national television, the ministers of commerce and oil of Pakistan welcomed the high-ranking Saudi trade delegation today at Noor Khan Air Base near Islamabad city.
The Saudi delegation headed by the deputy minister of investment of this country consists of 50 senior officials of commercial companies, investment related to the fields of energy, agriculture, information technology, petrochemical, port, refinery, deputy, telecommunication and road and communication.
Serial visits of Saudi officials to Pakistan are carried out while Pakistan Prime Minister Shahbaz Sharif went to Saudi Arabia for the second time on the 8th of May this year. where, in addition to participating in the special meeting of the World Economic Forum, he met with Saudi Crown Prince Mohammed bin Salman.
In addition, on the 28th of April, Pakistan hosted Saudi Foreign Minister Faisal bin Farhan and his high-level economic delegation. During this visit, Saudi officials promised to increase investment in Pakistan and to encourage large Saudi commercial companies to enter the Pakistani market. The visit of another delegation from Saudi Arabia is taking place as a result of the recent agreement between the two countries to expand trade interactions and find Saudi investment opportunities in Pakistan.
The Minister of Commerce of Pakistan announced in this regard that both countries will explain mutual capabilities and capacities to identify solutions for investment and job creation.
The traffic of Pakistani and Saudi Arabian officials to each other’s countries, especially since the beginning of Shahbaz Sharif’s government, is a good indicator of the depth of political, economic and commercial relations between Islamabad and Riyadh, as well as Pakistan’s desire to develop relations, especially in the economic and commercial spheres.
On the contrary, some critics in Pakistan believe that Saudi Arabia has talked several times about various investments in Pakistan, but so far, there has been no tangible result. However, last December, Saudi Arabia extended its 3-billion-dollar deposit in the Central Bank of Pakistan for another year in order to support the country’s livelihood improvement.