Saudi Arabia assures $1b investment in Pakistan

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After Qatar
FM Bilawal welcomes investment commitment | Saudi King Salman bin Abdulaziz gives directives to support Pakistani economy
DNA
ISLAMABAD
Following the Qatari leadership’s announcement to invest $3 billion, Saudi Arabia has also assured Pakistani leadership of investment of $1 billion.
Saudi King Salman bin Abdulaziz had given the directive for the kingdom to support the Pakistani economy, state TV added.
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 telephonic communication, Saudi FM assured that his country would to invest $1 billion in Pakistan.
Bilawal Bhutto expressed his gratitude to the 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 of Saudi Arabia to take all possible measures to help the flood victims of Pakistan.
It should be remembered that on Wednesday, Qatar had announced an investment of $3 billion in Pakistan. Meanwhile, the foreign minister in a tweet expressed his happiness to have a conversation with the Saudi Arab Foreign Minister Faisal bin Farhan.
Bilawal Bhutto said in the tweet that he recalled fraternal bilateral ties in his conversation with his counterpart and welcomed Saudi Arabia’s commitment to a $1 billion investment. Pakistani foreign minister said he briefed his counterpart on damages caused by unprecedented floods in Pakistan and talked about possible assistance from Saudi Arabia.