KSA set to make heavy investment in Pakistan

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ISLAMABAD: Saudi Arabia’s ambassador to Islamabad Nawaf Saeed Al-Malki called on Prime Minister Imran Khan and discussed bilateral issues and the expected heavy investment by the kingdom in Pakistan, said sources on Tuesday.

Nawaf Saeed Al-Malki conveyed the special message of Saudi Arabia’s leadership to PM Imran during the meeting held on December 31 at PM’s office in Islamabad, the sources added.

Issues of bilateral interest, regional situation and the expected heavy investment by Riyadh came under discussion in the meeting.

The sources said that Saudi Arabia’s leadership had already sent numerous goodwill messages to PM Imran, the sources said and added that both the countries are in contact with each other over the expected heavy investment.

It is pertinent to mention here that the State Bank of Pakistan (SBP), on November 19, had received the first tranche of $1 billion under the balance of payment support from Saudi Arabia.

According to a SBP spokesperson, out of the promised $3bn Saudi assistance in foreign currency support, the central bank has received $1bn dollar, while the remaining amount of $2 billion is expected to reach in next few days. – NNI