The visit was part of ongoing efforts to strengthen economic ties between the two countries.

Prince Faisal's trip followed a meeting between Crown Prince Mohammed bin Salman and Pakistani Prime Minister Shehbaz Sharif, where the Saudi Crown Prince reaffirmed a commitment to invest $5 billion in Pakistan.

Saudi Arabia and Pakistan have strong trade, defense, and cultural relations, with Pakistan being home to over 2.7 million Saudi expatriates and the top source of remittances for Pakistan.

Pakistan and Saudi Arabia have agreed to expand their collaboration in various sectors, including energy, renewables, connectivity, mining, agriculture, information technology, construction, human resource development, and export and strategic investments.

The economic teams of both countries are currently in advanced talks to finalize partnership proposals.

Efforts are being made to close deals that have been under discussion for some time and identify new areas of cooperation.

This decision was made during a recent meeting between Pakistani Prime Minister Shahid Khaqan Abbasi and Saudi Crown Prince Mohammad Bin Salman.

Prince Faisal of Saudi Arabia led a delegation of top officials to Pakistan for economic engagement discussions.

The size of the delegation demonstrated Saudi Arabia's commitment to investing in Pakistan.

During the visit, bilateral meetings between economic teams took place, and an interactive session was organized by Pakistan's Special Investment Facilitation Council (SIFC).

Several projects were discussed in sector-wise breakout sessions, and Pakistan briefed the Saudi delegation on recent legal, procedural, and administrative reforms to attract foreign investment.

Pakistan is facing a critical need to boost its foreign reserves and demonstrate to the International Monetary Fund (IMF) its ability to meet conditions for external financing, which has been a requirement in past bailout packages.

Pakistan's finance minister, Muhammad Aurangzeb, is in Washington for IMF and World Bank meetings to discuss a new bailout program, with a $3 billion loan deal expiring this month.

Historically, Saudi Arabia has provided crucial support to Pakistan, offering deferred oil payments and direct financial assistance to help stabilize its economy and strengthen its forex reserves.

According to Farooq, "For Pakistan, Saudi Arabia has remained a bedrock of support." The text discusses the historical economic support and assistance provided by the Kingdom to Pakistan, with a focus on their role in helping Pakistan with international financial institutions.

The new Pakistani government aims to attract Saudi investment to boost economic growth and development, and the Saudi leadership is interested in enhancing economic, political, and security cooperation.

Potential areas for collaboration include energy, renewables, IT, mining, agriculture, construction, and human resource development.

Pakistan has established the SIFC to facilitate Saudi and other foreign investments.

The speaker is expressing confidence in the mutual investment opportunities between Saudi Arabia and Pakistan.

They are working on various projects across different sectors for both public and private sectors in Pakistan.

Saudi Arabia is eager to collaborate with Pakistan to bring about these projects, and the speaker anticipates a significant increase in investment from Saudi Arabia into Pakistan.