Karachi, The ongoing visit of a Saudi delegation led by Foreign Minister Faisal Bin Farhan Al Saud to Pakistan is expected to significantly stimulate Pakistan’s economy and attract further foreign investments. Organized by the United Business Group (UBG), the visit is viewed as a critical step in initiating formal economic processes, particularly enhancing the export sector which is vital for the country’s foreign reserve stability and overall economic health.

According to United Business Group, the engagement between Pakistan and Saudi Arabia during this visit will focus on expanding collaboration in various sectors such as agriculture, textiles, information technology, pharmaceuticals, mobile technology, sports equipment, minerals, and notably, the Reko Diq Project. This wide-ranging cooperation is anticipated to create numerous job opportunities, thereby boosting the economic growth of both countries. Saudi Arabia’s initial investment pledge of $5 billion is highlighted as a major stimulus expected to propel economic activity and improve the business environment in Pakistan.

This influx of Saudi capital is likely to attract more investments from other Islamic countries, crucial for Pakistan's economic recovery. Furthermore, the Saudi investment is set to enhance Pakistan's standing in the region, promoting it as a prime location for foreign investment and improving its international image.