ISLAMABAD (AP) – Saudi Arabia’s foreign minister led a high-level delegation on a two-day visit to Pakistan on Monday, seeking support to help the country overcome one of its worst economic crises.
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Prince Faisal bin Farhan’s visit comes after Prime Minister Shehbaz Sharif met Crown Prince Mohammed bin Salman in Saudi Arabia, one of Pakistan’s closest allies and a major oil supplier to Islamabad. It took place a week later.
Saudi Arabia’s foreign minister is leading a high-level delegation on a two-day visit to Pakistan, seeking support to overcome one of its worst economic crises. (AP photo)
Prince Faisal is scheduled to meet with Sharif and President Asif Ali Zardari.
Pakistani officials said Prince Mohammed told Sharif that Saudi Arabia intended to invest $5 billion in Pakistan.
Last year, Saudi Arabia deposited $2 billion with the Central Bank of Pakistan to increase its foreign exchange reserves.
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Pakistan is also in talks with the International Monetary Fund for new relief.
