High level talks between the Saudi and Pakistan ministers formally began on Sunday evening in which both the sides discussed matters of mutual interest.
The Pakistan’s delegation was represented by Finance Minister Asad Umar. The Saudi delegation was led Saudi Energy Minister Khalid al-Falih.
Both the sides exchanged views on investments by billions of dollars to be made by Saudi Arabia. “The agreement will be formally signed when Saudi Crown Prince Muhammad bin Salman reaches Pakistan.”
Asad Umar said the talks held with the Saudi delegation on ‘big investment’ to be made by the latter.
He also confirmed that Pakistan and Saudi Arabia would sign agreements later on Sunday.
Earlier talking to Pakistan’s state-owned television, Finance minister said Saudi Crown Prince Muhammad bin Salman’s visit to Pakistan will lay the foundation of taking the economic ties between the two countries to the next higher level.
The finance minister Asad Umar said it was heartening that a Saudi energy company was taking interest to make investment in Pakistan in the energy sector. He said economy couldn’t run without energy.