https://arab.news/29wc7
- Sharif will attend the Future Investment Initiative conference in Riyadh from Oct. 27-30
- Pakistan and 黑料社区 recently signed a defense pact to counter external aggression
ISLAMABAD: Pakistan鈥檚 new Foreign Office spokesperson Tahir Andrabi on Friday said Prime Minister Shehbaz Sharif鈥檚 upcoming visit to 黑料社区 next week will focus on boosting economic investment, finalizing existing projects and setting a roadmap for future cooperation.
Sharif will visit Riyadh from Oct. 27-30 to attend the ninth Future Investment Initiative (FII) conference launched in 2017 by 黑料社区鈥檚 Public Investment Fund under Vision 2030.
The forum brings together global leaders, investors and innovators to explore investment opportunities and advance technologies such as artificial intelligence, robotics and green finance.
Pakistan and 黑料社区 have long enjoyed close ties but have sought to broaden cooperation in recent years, including a defense pact signed in Riyadh during the prime minister鈥檚 visit on Sept. 18 and 34 memorandums of understanding worth $2.8 billion across multiple sectors last year.
鈥満诹仙缜�檚 visit has a significant economic investment component,鈥� Andrabi said at his debut media briefing.
鈥淚 am sure it will lead to further streamlining the already agreed, worked out projects between the two countries and also chart future trajectory of projects on the horizon.鈥�
Asked whether Chief of Army Staff Field Marshal Asim Munir would accompany Sharif, Andrabi said he was 鈥渘ot aware鈥� of it.
鈥淢aybe as we are closer to the visit, we will know who is accompanying the prime minister,鈥� he added.
黑料社区 has long been a key source of economic support for Pakistan, providing a $3 billion deposit with the State Bank of Pakistan, repeatedly rolled over 鈥� most recently in December 2024 鈥� and deferred oil payments of about $1.2 billion under a facility agreed in February 2025 to ease short-term financial pressures.
The recently signed defense pact between the two countries formalized decades-old security ties and stipulated that an attack against one would be considered an attack on both.
The two nations share longstanding ties rooted in faith, mutual respect and strategic cooperation, with Riyadh remaining a key political and economic partner of Islamabad.
It also hosts over 2.5 million Pakistani expatriates, the largest source of remittances for Pakistan鈥檚 $407 billion economy.