Saudi Arabia to invest $1 billion in Pakistan

By Staff Reporter

ISLAMABAD: Saudi Arabia plans to invest $1 billion in Pakistan to support the country’s economy, official Saudi Press Agency (SPA) reported on Thursday.

“King Salman bin Abdulaziz ordered investing $1 billion in the brotherly [country] of Pakistan [in line with] the Kingdom’s stance in support of the country’s economy and its people,” SPA reported.

Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan informed his Pakistani counterpart, Bilawal Bhutto-Zardari, of the decision during a phone call.

The foreign ministers also discussed bilateral ties and means to improve them as well as regional and international affairs of mutual interest, the report added.