https://arab.news/6u2jr
- Saudi foreign minister visited Islamabad this week to discuss investments
- Saudi deputy defense minister is also currently visiting Pakistani capital
ISLAMABAD: Pakistan’s foreign office said on Friday the South Asian country would continue its “constructive engagement” with the Kingdom of Saudi Arabia to enhance economic and strategic partnerships between the longtime allies.
Saudi Foreign Minister Faisal bin Farhan Al Saud came to Islamabad on a two-day visit this week aimed at strengthening bilateral economic cooperation and pushing forward previously agreed investment deals. Pakistan has said it pitched investment projects worth$30 billion to Riyadh during Prince Faisal’s visit.
The Saudi official’s visit followed a meeting in Makkah between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman in which the Kingdom had pledged to expedite $5 billion in investments.
“We will continue our constructive engagement with the Kingdom of Saudi Arabia to enhance our economic and strategic partnership,” foreign office spokesperson Mumtaz Zahra Baloch said at a weekly briefing, giving details of Prince Faisal’s visit, whose purpose she said “was to accelerate discussions on enhanced bilateral economic cooperation in the follow up of the understandings reached between Prime Minister of Pakistan Muhammad Shehbaz Sharif and Crown Prince and Prime Minister of the Kingdom of Saudi Arabia His Royal Highness Mohammed bin Salman.”
At a ‘Saudi Arabia-Pakistan Investment Conference’ co-chaired by the two foreign ministers in Islamabad, the two sides discussed investment proposals in diverse sectors such as energy, mining, agriculture, information technology, construction, human resource development and exports, Baloch said, adding that the investment conference was aimed at paving the way for Saudi investments in Pakistan.
“The Foreign Ministers of Pakistan and Saudi Arabia discussed global and regional developments,” Baloch added.
“There was unanimity of views on the increasing instability in the region. The two Foreign Ministers urged de-escalation and called for an immediate ceasefire, lifting of the siege of Gaza and access to unimpeded humanitarian aid for the besieged people of Gaza.”
The spokesperson said Pakistan was “deeply disappointed” at the result of last night’s debate at the United Nation Security Council and its inability to reach consensus and recommend Palestine’s membership of the UN to the General Assembly.
“We regret the US decision to veto the draft resolution granting full membership of the UN to Palestine,” Baloch said.