ISLAMABAD: Prime Minister Shehbaz Sharif will attend the 8th edition of the Future Investment Initiative (FII) in the Saudi capital of Riyadh on Oct. 29-30, the Pakistani foreign office said on Monday, adding that the Pakistan premier is also expected to meet the Saudi Crown Prince during the visit.
The FII serves as an important platform for countries to showcase their economic strength, draw foreign investments, and engage in dialogue to shape a sustainable future.
This year’s FII, themed as ‘Infinite Horizons: Investing Today, Shaping Tomorrow,’ will focus on global investments in artificial intelligence (AI), robotics, education, energy, space, finance, health care and sustainability.
During the visit, PM Sharif is expected to hold important bilateral talks with Crown Prince Mohammed bin Salman and other senior Saudi officials, according to the Pakistani foreign office.
“The two sides will discuss economic and strategic partnership between Pakistan and the Kingdom of Saudi Arabia and explore bilateral cooperation in the economic, energy, and defense domains,” it said in a statement.
“The prime minister is also expected to engage with participating leaders and entrepreneurs at the FII 8th edition conference.”
In April this year, Sharif had met the Saudi Crown Prince on the sidelines of a special meeting of the World Economic Forum in Riyadh. The two figures had discussed bilateral ties and regional issues, including Israel’s war on Gaza, according to Sharif’s office.
Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as the top source of remittances to the cash-strapped South Asian country.
Both Pakistan and Saudi Arabia have also been closely working to increase bilateral trade and investment deals, and the Kingdom this year reaffirmed its commitment to expedite an investment package worth $5 billion.
Pakistan PM to attend Future Investment Initiative in Riyadh on Oct. 29-30
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Pakistan PM to attend Future Investment Initiative in Riyadh on Oct. 29-30
- The FII serves as an important platform for countries to showcase their economic strength and draw foreign investments
- This year, the forum will focus on global investments in AI, robotics, education, energy, space, finance and health care
Pakistan PM to attend World Economic Forum’s annual meeting in Switzerland next month
- The WEF meeting, scheduled to be held in Davos on Jan. 19-23, will focus on global challenges, public-private dialogue and cooperation
- Government, business, civil society and academia leaders will engage in forward-looking discussions to address these issues, set priorities
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif will travel to Switzerland next month to attend the 56th annual meeting of the World Economic Forum (WEF), Pakistani state media reported on Monday.
The WEF annual meeting, themed as ‘A Spirit of Dialogue,’ will be held from Jan. 19 to Jan. 23 in Davos, where world leaders from government, business, civil society and academia will engage in forward-looking discussions to address global issues and set priorities.
Prime Minister Sharif is expected to interact with global leaders and investors on economic challenges, regional and international issues and various opportunities for cooperation.
On Monday, Deputy PM Ishaq Dar presided over a meeting in Islamabad to oversee preparations for Sharif’s upcoming visit to Switzerland to attend the WEF meeting, the Radio Pakistan broadcaster reported.
“Dar instructed to maximize the engagements with the incoming Heads of States, Governments and senior leadership of economic, business and financial institutions,” the report read.
The WEF meeting program will be structured around key global challenges where public-private dialogue and cooperation, involving all stakeholders, is necessary for progress, according to the WEF website.
In addressing these challenges, growth, resilience and innovation will serve as cross-cutting imperatives, guiding how leaders engage with today’s complexity and pursue tomorrow’s opportunities.
Pakistani foreign ministry officials briefed the deputy PM about preparations for the WEF meeting, according to Radio Pakistan. The participants of Monday’s meeting in Islamabad discussed in detail the bilateral component and media engagements during the visit.
“He [Dar] further stressed that opportunities be explored to foster collaboration with private sector business entities,” the state broadcaster said.
