Pakistan finance minister discusses investment opportunities with Saudi envoy

Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki (left) meets Pakistan’s caretaker finance minister Dr. Shamshad Akhtar in Islamabad, Pakistan on September 7, 2023. (Photo courtesy: Government of Pakistan)
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Updated 07 September 2023
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Pakistan finance minister discusses investment opportunities with Saudi envoy

  • Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki calls on Pakistan’s caretaker finance minister
  • Both agree to foster economic relations that would lead to greater regional stability and prosperity, says Finance Division

ISLAMABAD: Caretaker Finance Minister Dr. Shamshad Akhtar and Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki discussed investment opportunities, trade, and economic ties between the two countries on Thursday, a statement from Pakistan’s Finance Division said. 

Saudi Arabia has taken a keen interest in investment opportunities within Pakistan in recent months. In August, a delegation from the Kingdom arrived in Pakistan to explore investment opportunities in the mining sector as part of the Special Investment Facilitation Council (SIFC), a hybrid civil-military body set up in June to attract international investments. The Saudi delegation also attended Pakistan’s first dedicated summit on minerals in Islamabad.

On Monday, Pakistan’s Caretaker Prime Minister Anwaar-ul-Haq Kakar told foreign media representatives the Kingdom and the UAE would invest $25 billion each on projects part of the SIFC within two to five years. 

Malki called on Akhtar at the Finance Division on Thursday. Akhtar expressed her appreciation for the long-standing historical, religious, and cultural ties between the two countries, the Finance Division said in a statement. 

“H.E. Mr. Nawaf Bin Said Al-Malki, Ambassador of Saudi Arabia reciprocated the sentiments and reiterated that the long-term relationships of both brotherly countries are timeless,” the statement said. 

“He underscored that the Kingdom of Saudi Arabia is keen in seeking investment opportunities and deepening bilateral economic and trade ties with Pakistan.”

Both representatives agreed to foster economic partnerships that would lead to regional stability and prosperity, the statement added. 

“They agreed to continue working closely to explore concrete steps for economic collaboration and to promote mutual cooperation,” the Finance Division added. 

Saudi Arabia is also home to over 2.5 million Pakistani expatriates, making it the South Asian country’s top source for billions of dollars of remittances. 

In June, Saudi Arabia deposited $2 billion in Pakistan’s central bank, paving the way for Islamabad to secure a crucial $3 billion bailout package that helped it avert a sovereign default. 

In July, Pakistan established a Land Information and Management System, Center of Excellence ((LIMS-CoE) to modernize its agricultural sector, with Saudi Arabia providing an initial $500 million investment to set up the facility.


Qatar, Pakistan resolve to boost strategic, economic cooperation at Doha talks

Updated 24 February 2026
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Qatar, Pakistan resolve to boost strategic, economic cooperation at Doha talks

  • Both countries urge dialogue on Afghanistan amid renewed border tensions between Islamabad and Kabul
  • Discussions focus on bilateral trade and investment, energy, defense, manpower and labor and culture

ISLAMABAD: Pakistan and Qatar on Tuesday agreed to deepen their strategic and economic cooperation during high-level talks between Prime Minister Shehbaz Sharif and his Qatari counterpart Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Sharif’s office said.

Sharif visited Qatar along with a high-level delegation on the invitation of Qatari emir Sheikh Tamim bin Hamad Al Thani. The Pakistani premier also held meetings with Qatar’s trade and defense ministers to discuss cooperation in various domains.

The visit came at a time when Pakistan is seeking closer economic engagement with Gulf partners amid its broader push to stabilize the economy and attract investment, while maintaining security and defense cooperation with key regional states.

During their meeting in Doha, PM Sharif and Qatar’s Sheikh Mohammed discussed bilateral relations and exchanged views on regional and international developments, according to the Pakistan prime minister’s office.

“They reaffirmed the strong brotherly relations between Pakistan and Qatar and expressed satisfaction at the growing momentum in political, economic and institutional ties,” Sharif’s office said.

“Discussions focused on enhancing cooperation in the fields of trade and investment, energy, defense, manpower and labor and culture, with both sides stressing the importance of their task force to accelerate cooperation in all these areas.”

Pakistan and Qatar maintain strong trade and investment ties. In 2022, the office of Qatar’s emir said the Qatar Investment Authority planned to invest $3 billion in Pakistan, targeting sectors including transport, aviation, education, health, media, technology and labor.

Nearly 300,000 Pakistanis live and work in Qatar, according to Pakistan’s foreign office, with many employed in health, education, engineering and public services, as well as construction and transport. The two countries engage through forums such as the Bilateral Political Consultations and the Joint Ministerial Commission.

Sharif said he had productive discussions with Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, on how the two sides could transform their brotherly ties into mutually beneficial economic relationships. 

“We also took stock of the regional situation,” he said on X. “Pakistan and Qatar will continue to work together for peace and stability in the region and beyond.”

Prime Minister Shehbaz Sharif (second right) meets the Qatari Emir Qatar’s emir Sheikh Tamim bin Hamad Al Thani (left) in Doha, Qatar, on February 24, 2026. (PID)

DIALOGUE WITH AFGHANISTAN

Earlier, Sharif and Qatar’s Deputy PM Sheikh Saoud Al-Thani discussed the situation in Afghanistan and called for dialogue to support regional stability.

The meeting took place amid renewed tensions after Islamabad carried out airstrikes last week on what it described as Tehreek-e-Taliban Pakistan (TTP) targets inside Afghanistan. Kabul said the strikes killed civilians and vowed to respond to what it called a violation of its sovereignty.

“Regional developments were also discussed, in particular the situation in Iran and Afghanistan,” Sharif’s office said in a statement. “Both sides emphasized the importance of dialogue, de-escalation and collective efforts to promote peace and stability in the region.”

This was the second time in less than six months that Pakistan conducted airstrikes in Afghanistan. The last strikes triggered heavy, weeklong clashes between the neighbors along their border before Qatar and Turkiye mediated a ceasefire between them in Oct. last year.

Separately, Sharif held meetings with Qatar’s State Minister for Trade Dr. Ahmed bin Mohammed Al-Sayed and a delegation of the Qatar Businessmen Association (QBA), highlighting Pakistan’s investment-friendly reforms.

He invited QBA members to explore opportunities in infrastructure, logistics, energy, agriculture, technology and export-oriented manufacturing, his office said.