News @ 3 - 28th September 2018

ISLAMABAD: Federal Information Minister Fawad Chaudhry has announced that a Saudi government delegation comprising high-level officials is due to arrive in Pakistan on this Sunday.

The visit has been in line with the previous announcement by the government pertaining to Islamabad’s invitation to Riyadh for making investments in China-Pakistan Economic Corridor (CPEC) as well as other infrastructure projects countrywide.

“The delegation will consist of the Saudi investment head, minister for petroleum and minister for energy,” the Information Minister informed.

“As I had said earlier on our return from Saudi Arabia, the kingdom has expressed interest in investing with us for CPEC projects as well as infrastructure development and to that end is bringing major investments here. The first step has been taken (three grant agreements have been signed) and this is a very positive step and bodes well for relations between the two countries.”

Pakistan and Saudi Arabia on Thursday signed three Memorandum of Understandings (MoUs) for grant projects in Azad Jammu and Kashmir and Khyber Pakhtunkhwa for the health and education sectors.

Secretary Economic Affairs Division Syed Ghazanfar Abbas Jilani and the chief executive officer Saudi Fund for Development (SFD) signed the MoUs on behalf of their respective governments.