ISLAMABAD: In the first phase of his two-day visit to Saudi Arabia, Prime Minister Imran Khan rea­ched Madina Munawwara on Monday evening.

Mr Khan and members of his delegation were received by Governor of Madina Prince Faisal bin Salman, Saudi Arabia’s Ambassador in Pakistan Nawaz Almalaki, Pakistan’s Ambassador to Saudi Arabia Sheryar Akbar and senior officials of the two sides.

Soon after his arrival he was scheduled to visit to Masjid-i-Nabvi to offer Isha prayers.

On Tuesday PM Khan will attend the Future Investment Initiative Conference (FIIC) in Riyadh. He is paying the visit on the special invitation of King Salman bin Abdulaziz.

Mr Khan is accompanied by Foreign Minister Shah Mehmood Qureshi, Finance Minister Asad Umar, Information Minister Fawad Chaudhry and Adviser to the PM on Commerce and Industry Abdul Razak Dawood.

Media reports hinted that the prime minister was eager to seek monetary assistance from friendly countries to overcome the prevailing financial crisis in the country and, therefore, he will also seek help of the Saudi leadership.

The visit comes as the State Bank of Pakistan warned this week that inflation would likely double in the coming year — hitting 7.5 per cent — while the country’s growth target rate of 6.2 per cent would likely be missed.

The conference, which will host businessmen and representatives of hi-tech industry from around the globe, will serve as an opportunity to interact with important business leaders who are interested in investing in Pakistan.

PM Khan’s participation in the first day of the conference is aimed at projecting Pakistan’s economic and investment potential and his vision of the country in the five years to come, an official press release said.

It is hoped that the prime minister’s participation in the conference will signify Pakistan’s solidarity with the kingdom in its efforts to become emerging hub of international business and investment.

Published in Dawn, October 23rd, 2018

Download the new Dawn mobile app here:

Google Play

Opinion

Editorial

Untruths and politics
Updated 01 Oct, 2022

Untruths and politics

It would arguably be in the national interest for the Supreme Court to take up the cipher and settle the matter.
Farmers’ protest
01 Oct, 2022

Farmers’ protest

SEVERAL hundred farmers have converged on Islamabad for the last three days to protest against the soaring costs of...
Dasht-i-Barchi bombing
01 Oct, 2022

Dasht-i-Barchi bombing

ON Friday morning, Kabul’s Dasht-i-Barchi neighbourhood was rocked by a terrorist attack targeting an educational...
Avenfield relief
Updated 30 Sep, 2022

Avenfield relief

Accountability cannot continue to be treated like a revolving door in which politicians can be shoved in or pulled out on a whim.
Dar’s plans
Updated 30 Sep, 2022

Dar’s plans

For starters, the country doesn’t have spare dollars to burn.
Another targeted attack
30 Sep, 2022

Another targeted attack

WEDNESDAY’S deadly attack on three Chinese-origin individuals in Karachi’s Saddar area demonstrates the threat...