Prime Minister Shehbaz thanks Saudi crown prince for deposit of $2 billion with SBP

ISLAMABAD, July 11 (SABAH):  Nawaf bin Saeed Ahmad Al-Malkiy, Ambassador of Kingdom of Saudi Arabia called on the Prime Minister Muhammad Shehbaz Sharif in Islamabad on Tuesday.

The Prime Minister thanked the Saudi leadership for their generous and unwavering support for Pakistan, which, he said, was particularly instrumental in securing the deal with the IMF.

The PM asked the Ambassador to convey his special gratitude to Crown Prince and Prime Minister HRH Mohammed bin Salman for the deposit of $2 billion dollars with the State Bank of Pakistan (SBP).  

The Prime Minister apprised Ambassador Nawaf about the formation of Special Investment Facilitation Council (SFIC) to facilitate and fast-track potential investments from GCC member states, including the Kingdom of Saudi Arabia. He emphasized that mutually rewarding Pakistan-Saudi cooperation in key areas including IT, energy, infrastructure and labour must be fast-tracked and augmented.

Ambassador Nawaf, while expressing satisfaction on the current trajectory of bilateral relations between the two brotherly countries, noted that Pakistan and Saudi Arabia were bound in a fraternal relationship marked by mutual trust and understanding, close cooperation, and an abiding tradition of supporting each other through thick and thin.

Shehbaz Sharif reiterated that Pakistan eagerly looked forward to the visit of His Royal Highness Mohammed Bin Salman, Crown Prince and Prime Minister to Pakistan at his earliest convenience.