ISLAMABAD: Minister for Information, Broadcasting, National Heritage and Culture Attaullah Tarar said on Wednesday that several MoUs have been signed between Pakistan and Saudi Arabia for investment worth billions of dollars this year, which will boost the national economy. will promote employment opportunities in the country.
The minister disclosed this information in a news conference after Prime Minister Shehbaz Sharif’s successful visit to Saudi Arabia where he attended the One Water Summit and met with world leaders including Saudi Crown Prince Mohammed bin Salman and French President Emmanuel Macron.
Tarr said that Prime Minister Shehbaz has returned from Saudi Arabia today (Wednesday) after a short but successful and important visit.
He said that in the last six months, the Prime Minister held five meetings with the Saudi Crown Prince, which reflects the significant development in Pak-Saudi relations, which have reached new heights. “It also reaffirms the 28 MoUs signed between the two countries during the recent visits of high-level Saudi delegations that are on the ground and are being implemented,” he added.
The federal minister described the opening of Aramco petrol pumps in different cities of Pakistan as the result of Saudi Arabia’s investment of billions of dollars. He further said that the process of starting Albak food chain in Pakistan is also going on. He said that the leadership of Saudi Arabia has expressed happiness and satisfaction over the implementation of the memorandum of understanding between the two countries in various fields including agriculture, mines and minerals, energy and IT skills in the meeting held last night. .
Referring to the Crown Prince, Tarr said that Pakistanis are our brothers and sisters and there is no limit to investment in Pakistan. He said: “The Prime Minister’s meeting with the Crown Prince yesterday was a historic event and a milestone in the bilateral relations of the two countries.”
He said that during the meeting, the leadership of the two countries agreed to increase relations in the fields of economy, business and investment to further strengthen their ideal relations.
Tarr said that the Prime Minister has also expressed good wishes for the Custodian of the Two Holy Mosques. He said that Prime Minister Shahbaz Sharif not only advanced Pakistan’s foreign policy but also restored and stabilized the economy, for which he is being appreciated by world leaders.
He said that under the leadership of Prime Minister Shehbaz Sharif, the stock market has crossed 100,000 points, the interest rate and KIBOR are at 15 percent and 13 percent respectively, and on top of that inflation has fallen to 4.8 percent, breaking all previous rates. are Records
On the other hand, he said that Pakistan Tehreek-e-Insaaf has destroyed the economy and damaged Pakistan’s relations with brotherly countries.
Meanwhile, Prime Minister Shehbaz Sharif returned home on Wednesday after completing a two-day visit to Saudi Arabia, where he addressed the One Water Summit.
At the summit, he presented a six-point agenda to overcome water-related challenges and highlighted the challenges posed by climate change to developing countries.
On the sidelines of the summit, Prime Minister Shehbaz met Saudi Prime Minister and Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.
The Prime Minister also met French President Emmanuel Macron in which both sides agreed to promote business-to-business cooperation in the fields of agriculture, livestock, information technology, professionalism and clean drinking water.