Pakistan, Saudi Arabia to fast-track initiatives under SIFC

March 20, 2025 (MLN): Pakistan and Saudi Arabia have agreed to accelerate joint initiatives in energy, infrastructure, agriculture, and technology under the Special Investment Facilitation Council (SIFC).

This was discussed during a high-level meeting between Prime Minister Muhammad Shehbaz Sharif and Saudi Investment Minister HE Khalid Al-Falih in Riyadh.

During the discussions, both sides emphasized fast-tracking investment projects and enhancing economic cooperation.

The Saudi delegation, led by Mohammad Al-Tuwaijri, Head of the Joint Task Force for Economic Engagement, expressed keen interest in scaling up investments in Pakistan, reaffirming the Kingdom’s commitment to strengthening economic ties.

Both nations agreed to remove procedural bottlenecks and expedite approvals for ongoing and future projects.

Pakistan and Saudi Arabia will streamline regulatory processes and ensure efficient project implementation through structured engagements.

The Prime Minister invited Saudi businesses to explore Pakistan’s strategic opportunities under SIFC’s investment-friendly framework.

The meeting reaffirmed Saudi Arabia’s strong interest in contributing to Pakistan’s economic development.

Both sides agreed to continue high-level engagements to ensure the timely execution of investment plans, further strengthening Pakistan-Saudi economic ties for sustainable growth.

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