Abrar Hussain of DOT
Pakistan Prime Minister Imran Khan will visit Saudi Arabia to attend the Future Investment Initiative Conference (FIIC) on the “special invitation of King Salman bin Abdul Aziz” in spite of the recent controversy surrounding the event, according to a statement issued yesterday by the Pakistan Foreign Office (FO).
Khan is expected to travel to Riyadh on October 23 to participate on the first of the two-day conference. The conference, which will host businessmen and “representatives of hi-tech industry” from around the world, will serve as an “opportunity to interact with important business leaders who are interested in investing in Pakistan”, the statement said.
“Prime Minister Imran Khan’s participation in first day of the conference is aimed at projecting Pakistan’s economic and investment potential and the [premier’s] vision of the country in the five years to come,” the press release read.
PM Khan will also meet King Salman and Crown Prince Mohammed bin Salman during his visit to discuss “matters of mutual interest”. This will be PM Khan’s second visit to Saudi Arabia since he assumed office.
The visit also comes as Pakistan’s central bank warned this week that inflation would likely double in the coming year — hitting 7.5 percent — while the country’s growth target rate of 6.2 percent would likely be missed. -Source: DAWN