PM in Riyadh for Future Investment Initiative Summit

-Pakistan reaffirms full support to Saudi Arabia’s sovereignty, territorial integrity

STAFF REPORT

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday arrived here on a two-day visit, mainly to attend the Future Investment Initiative Summit being held from October 25-27.

The prime minister is visiting the Kingdom at the invitation of Saudi Crown Prince Mohammed Bin Salman bin Abdulaziz.

At the airport, the Governor of Riyadh Faisal bin Bandar bin Abdulaziz Al Saud received the prime minister who was accompanied by a delegation comprising the federal ministers.

During his stay in Riyadh, the prime minister will hold consultations with the Saudi Crown Prince to review the longstanding fraternal relations, with a view to further strengthening the multifaceted cooperation, especially in the economic field, according to the Foreign Office.

Prior to his departure, the prime minister in a series of tweets said the present state of the global economy needed “new thinking and bold vision to overcome the irritants and forge new paths”.

“The pandemic and climate-induced disasters have already put immense strains on the developing countries,” he said, adding that it was high time the world explored solutions to the deepening challenges through candid dialogue.

The FII summit will convene the world’s foremost CEOs, policymakers, investors, entrepreneurs, and young leaders to shape the future of international investment and the global economy.

The event will include in-depth conversations about new pathways for global investment; analysis of critical industry trends; and unparalleled networking among CEOs, world leaders, and experts.

Earlier, in a statement on Monday, Foreign Office Spokesperson Asim Iftikhar condemned the Houthis’ violations of the UN Security Council Resolutions and terrorist activities perpetrated against the Kingdom of Saudi Arabia.

The spokesperson said Pakistan has consistently urged all parties to the conflict in Yemen to engage in peaceful and meaningful talks to end the hostilities in line with the relevant UN Security Council Resolutions.

He noted that the truce reached earlier this year had yielded dividends by bringing about relative peace. It is however deplorable that the truce has not been renewed by the Houthis. This would cause mounting hardship for ordinary Yemenis and potentially derail the entire effort towards the attainment of durable peace.

The spokesperson urged the Houthis to cease militant activities and terrorist actions, engage in a serious dialogue to end the conflict on the basis of relevant UN Security Council resolutions; and renew the UN brokered truce.

Asim Iftikhar said Pakistan believes that war serves no purpose and all issues can be resolved through peaceful dialogue. He said adopting this path early would save thousands of innocent lives and protect the future of the Yemeni people.