Imran Khan to attend Saudi's Riyadh investment conference

Pakistan’s foreign ministry announced Friday that Prime Minister Imran Khan will attend a Saudi Arabian investment conference.

Khan’s participation in the conference "signifies our solidarity with the kingdom in its efforts to become an emerging hub of international business and investment,” the foreign ministry said in the statement.

“The conference provides an opportunity to interact with important business leaders who are interested in investing in Pakistan."
The conference is being touted as a high-powered showcase for the economic reforms of Crown Prince Mohammed bin Salman.

Khan made his maiden foreign visit as premier to Saudi Arabia in September as Islamabad explored alternative avenues to financing before approaching the IMF.

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.

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Last Update: Wednesday, 20 May 2020 KSA 09:52 - GMT 06:52
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