Prime Minister pitches bankable projects to attract Saudi investment

News Image

MG News | March 12, 2024 at 09:38 AM GMT+05:00

0:00

March 12, 2024 (MLN): The government’s priority is to transform the time-tested bilateral relations between Pakistan and Saudi Arabia into a mutually beneficial, strategic and economic partnership, with a focus on attracting Saudi investment for bankable projects in Pakistan, Prime Minister Shehbaz Sharif stated on Monday.

According to a press release issued on the same day, the PM made these remarks during a meeting with Nawaf bin Saeed Ahmad Al-Malkiy, Ambassador of the Kingdom of Saudi Arabia to Pakistan.

Given the special fraternal relationship between Pakistan and Saudi Arabia, the Prime Minister said the Saudi Ambassador was the first envoy he was receiving after the assumption of office.

The Prime Minister thanked the Saudi authorities for expanding the scope of the “Road to Makkah” initiative, which will facilitate Pakistani Hajj pilgrims.

While extending an invitation to the Prime Minister to visit Saudi Arabia, the Saudi Ambassador assured the Prime Minister of the Saudi leadership’s full support.

He said that Saudi Arabia would always remain a reliable partner for building a stronger and prosperous Pakistan.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,313.86
435.47M
-0.08%
-133.44
ALLSHR 103,015.58
1,065.49M
0.03%
32.70
KSE30 51,854.06
241.67M
0.04%
22.42
KMI30 242,259.69
133.89M
-0.76%
-1853.91
KMIALLSHR 66,724.18
452.80M
-0.67%
-452.45
BKTi 46,861.43
131.81M
1.70%
784.69
OGTi 33,615.26
10.50M
-1.02%
-347.09
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 85,780.00 90,565.00
85,405.00
-2015.00
-2.30%
BRENT CRUDE 59.99 60.40
59.25
1.07
1.82%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
2.30
2.59%
ROTTERDAM COAL MONTHLY 96.50 96.50
95.90
0.85
0.89%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 56.12 56.58
55.08
0.99
1.80%
SUGAR #11 WORLD 14.76 14.89
14.72
-0.06
-0.40%

Chart of the Day


Latest News
December 17, 2025 at 05:16 PM GMT+05:00

Chinese FinTech giant Fintopia eyes Pakistan market


December 17, 2025 at 04:39 PM GMT+05:00

NETSOL extends 29-year alliance with global auto giant


December 17, 2025 at 04:34 PM GMT+05:00

Auto financing in Pakistan rises to Rs318bn in November


December 17, 2025 at 04:25 PM GMT+05:00

Petroleum import bill rises by 28% YoY in Nov


December 17, 2025 at 04:19 PM GMT+05:00

PKR rises 3.7 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg