Times of Islamabad

Saudi Arabia to make largest ever foreign investment in the history of Pakistan

Saudi Arabia to make largest ever foreign investment in the history of Pakistan

ISLAMABAD – Saudi Arabia to make largest ever financial investment in thehistory of Pakistan, it has been revealed by Finance Minister.

Finance Minister Asad Umar on Thursday said that an incoming investmentpackage from Saudi Arabia, which promises to be “the biggest foreigninvestment in Pakistan history”, will be announced soon.

“The ball is in our court. We have to get cabinet approval next week, afterwhich an announcement will be made,” he said, addressing an event inIslamabad.

He added that he keeps getting messages from Saudi Crown Prince MohammadBin Salman “through other people to hurry up”.

Pakistan and Saudi Arabia have been in talks recently over a bailoutpackage for Islamabad. At a time when various foreign countries andbusiness delegations were pulling out of an investment conference in Saudiafter the murder of journalist Jamal Khashoggi, Prime Minister Imran Khanattended the event, inviting foreign investors to put their money intoprojects in Pakistan.