‘Saudi Arabia committed to rescuing Pakistan’

Former envoy says Saudi leadership is committed to investing $20 billion in various projects

ISLAMABAD:

Saudi Arabia is committed to averting Pakistan’s current economic crisis – worsened recently by climate-change induced flash floods – to help the country achieve political stability and safeguard its national security, said Dr Ali Awadh Asseri, the Kingdom’s former ambassador to Pakistan on Wednesday.

Speaking at the Islamabad Conclave the former ambassador said, “This is clear from Crown Prince Mohammed bin Salman’s personal resolve to address Pakistan’s immediate financial needs and also guarantee long-term investments in the country’s energy sector.”

“The Saudi leadership is committed to investing $20 billion in refinery, petrochemical complex, mining and renewable energy projects in Pakistan. But there is also tremendous scope for Saudi public and private investment in other sectors such as textiles, sports, leather goods and surgical equipment,” he suggested.

“The 2030 Saudi Vision offers enormous opportunities for Pakistan to enhance its trade and investment relationship with the Kingdom and employ skilled manpower in mega development projects,” said the former ambassador.

Published in The Express Tribune, December 8^th, 2022.

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