PM Imran leaves for Saudi Arabia amid economic crisis

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ISLAMABAD: Prime Minister Imran Khan on Monday departed for Saudi Arabia on the special invitation of King Salman bin Abdel Aziz, to participate in the two-day “Future Investment Initiative (FII),” conference scheduled to start on Tuesday (tomorrow).
The prime minister is accompanied by Minister for Foreign Affairs Shah Mehmood Qureshi, Finance Minister Asad Umer, Information Minister Chaudhry Fawad Hussain and Adviser to PM on Investment Abdul Razak Dawood will participate in the Future Investment Initiative being attended by top global investors, CEOs of top companies and representatives of the hi-tech industry.
Khan will aim to highlight the country’s economic potential and to attract investment. Prime Minister will also call on King Salman and Crown Prince Mohammed bin Salman to discuss matters of mutual interest.
The meeting for the Future Investment Initiative (FII), to be held from Oct. 23 to 25, will look at “projecting Pakistan’s economic and investment potential,” a statement released by the Foreign Office said on Friday.
“The conference provides an opportunity to interact with important business leaders who are interested in investing in Pakistan,” the Foreign Office said, adding that Khan will be attending the conference on the special invitation of King Salman and was also expected to share his vision for Pakistan for the next five years.
The conference, called “Davos in the Desert,” will host leading businesspeople, investors, corporate giants, representatives of hi-tech industry and major media outlets in one platform.
Khan will also call on King Salman and Crown Prince Mohammed bin Salman to discuss “matters of mutual interest.”
“The FII is now an annual feature in Saudi Arabia. The first FII was held last year, with the participation of 3,800 people from 90 countries. This year’s conference is also likely to attract a large number of leading figures,” the statement read.
The prime minister’s participation in the conference “signifies our solidarity with the Kingdom in its efforts to become an emerging hub for international business and investment.”

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