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- Conference brings together global leaders, investors to explore investment opportunities and advance technologies
- Shehbaz Sharif to explore enhanced trade, investment cooperation in talks with Saudi leadership during visit, says his office
ISLAMABAD: Prime Minister Shehbaz Sharif has left for along with a high-level delegation where he will participate in the Future Investment Initiative (FII) summit, his office said on Monday as Islamabad seeks increasing international trade and investment cooperation with the Kingdom.
The FII was launched by ’s Public Investment Fund in 2017 under its Vision 2030 program. The forum brings together global leaders, investors and innovators to explore investment opportunities and advance technologies such as artificial intelligence, robotics and green finance.
This year’s summit will focus on the theme: ‘The Key to Prosperity: Unlocking New Frontiers of Growth’ to address global challenges and opportunities, focusing on key topics such as innovation, sustainability, economic inclusion and geopolitical shifts.
“Prime Minister Muhammad Shehbaz Sharif departs for Riyadh, KSA, to attend the 9th Edition of Future Investment Initiative,” the Prime Minister’s Office (PMO) said in a statement.
Sharif’s delegation includes Deputy Prime Minister and Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, Information Minister Attaullah Tarar and Special Assistants Tariq Fatemi and Bilal bin Saqib, the PMO said.
The premier’s office said Sharif will also engage with the Saudi leadership in his bid to explore avenues for enhanced cooperation in trade, investment, energy and human resource sectors. It said discussions between the two sides will also cover regional and global issues of mutual concern.
The PMO said Sharif will also meet global leaders and heads of international organizations attending the FII.
“These meetings will center around investment opportunities and sustainable development in Pakistan, exploring avenues for increased collaboration,” his office said.
Pakistan and 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’s visit on Sept. 18 and 34 memorandums of understanding worth $2.8 billion across multiple sectors last year.
The landmark defense pact that formalized their decades-old security ties. As per the agreement, an attack on one country will be considered an attack against 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.
The Kingdom also hosts over 2.5 million Pakistani expatriates, the largest source of remittances for Pakistan’s $407 billion economy.