Strengthening Ties: Saudi Arabia's Investment Boost in Pakistan

Saudi Arabia's Minister for Investment announced that the number of memorandums of understanding (MoUs) with Pakistan increased to 34, worth USD 2.8 billion. Five agreements are operational, enhancing sectors like healthcare and agriculture. These developments signify deepening economic ties and cooperation between the two nations.

Saudi Arabia's investment drive in Pakistan has taken a significant leap. The Minister for Investment, Sheikh Khalid Bin Abdul Aziz Al Faleh, announced an increase in the number of memorandums of understanding (MoUs), from 27 to 34, worth USD 2.8 billion.

Speaking at the Future Investment Initiative event in Riyadh, where Pakistan's Prime Minister Shehbaz Sharif was also present, Al Faleh emphasized the operational nature of five agreements, reflecting the momentum of collaboration between the two nations.

These agreements, particularly in healthcare and agriculture, highlight the strengthening of bilateral ties as both nations continue to march towards shared economic progress.

(With inputs from agencies.)