Saudi Arabia to invest $1 billion in Pakistan

Saudi Arabia to invest $1 billion in Pakistan

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 relations.

During the telephonic communication, the Saudi foreign minister assured that his country would invest $1 billion in Pakistan.

Bhutto expressed his gratitude to his Saudi counterpart. He also informed his Saudi counterpart about the devastation caused by the unusual floods in Pakistan.


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He expressed his gratitude to Saudi Arabia for showing solidarity regarding the worst flood situation and also appreciated the assurance of Saudi Arabia to 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.

Earlier, some media reports said that Qatar has agreed to make investments of up to $3 billion in Pakistan as Prime Minister Shehbaz Sharif was visiting the country to cement bilateral ties between the two nations.

A private news channel, quoting sources closer to Finance Ministry, claimed that Qatar will be making immediate investments in multiple sectors in Pakistan including aviation and LNG.

“The Qatari officials have shown their interest in making investments at Karachi and Islamabad airports,” they said, adding that Qatar’s investment authority will ensure bringing investments in the least possible time.

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