At head of high-level delegation, Saudi Arabia energy minister Al-Falih to arrive Islamabad tomorrow

Rehmat Mehsud

Islamabad: Khalid Al-Falih, Saudi Arabia minister of energy, industry and mineral resources, will land in Islamabad tomorrow to further strengthen bilateral ties between Islamabad and Riyadh in energy sector, an official said.

A senior official at the Saudi Embassy in Islamabad said that  Al-Falih would discuss  opportunities and explore venues to ink agreements in energy and industry sectors with his counterpart in Islamabad.

Islamabad and Riyadh have been enjoying close relations and the two sides have established strategic ties. Saudi Arabia always extends economic cooperation to Pakistan in hour of need. Similarly, remittances by workers from Saudi Arabia play a vital role to strengthen balance of payment of Pakistan.

According to a rough estimate, the value of trade between Islamabad and Riyadh is above $2.5 billion.

“Pakistan and Saudi Arabia—the two brotherly countries—are all set to ink more agreements in the field of energy, industry and petroleum,” the official remarked.

He said that the planned visit by Khalid Al-Falih would usher both the countries into a new era of progress and development, which would multiply job opportunities on one hand while on the other the visit would go a long way to minimize Pakistan’s energy woes.

In February this year during the two-day 11th Saudi-Pakistan Joint Ministerial Commission (JMC) meeting in Islamabad, Pakistan’s minister of commerce invited investors from Saudi Arabia to invest in renewable energy projects, agriculture, livestock and oil exploration sectors.

The official said that Khalid Al-Falih, Saudi Arabia minister of energy, industry and mineral resources, would hold meetings with his Pakistani counterparts and other senior officials where both the countries would most likely sign various agreements of “huge potential.”

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