Saudi Arabia Commits to $5 Billion Investment in Pakistan

Saudi Foreign Minister's visit underscores deepening economic ties amid Pakistan's financial crisis.

Saudi Foreign Minister Prince Faisal bin Farhan announced a significant move to invest in Pakistan during his visit to Islamabad.
The investment aims to help Pakistan overcome its severe economic challenges, including a balance of payments crisis.
Saudi Arabia's commitment follows discussions between Prime Minister Shehbaz Sharif and Crown Prince Mohammed bin Salman, focusing on expediting the investment.
The investment will target key sectors such as agriculture, mining, IT, and aviation, as outlined in recent high-level meetings.
Pakistan is concurrently seeking a 24th bailout from the International Monetary Fund to stabilize its economy.