After UAE and Qatar, Saudi Arabia on Thursday announced to invest $1 billion in Pakistan to support the country’s economy, the official Saudi Press Agency (SPA) reported.
Saudi King Salman bin Abdulaziz Al Saud had issued directives to invest $1 billion in Pakistan, Saudi state TV added.
The development comes during a telephonic phone call between Saudi FM Prince Faisal bin Farhan bin Abdullah and Foreign Minister Bilawal Bhutto Zardari, where he informed the latter of the King’s directive.
In addition to discussing the strong Saudi-Pakistani relations and ways to boost them, the two leaders also discussed regional and international issues of common interest.
While recalling fraternal bilateral ties between the two countries, FM Bilawal welcomed Saudi Arabia’s commitment of $1 billion investment in Pakistan.