Untold Stories of Pakistan & Saudi Relations | Why MBS is not coming to Pakistan? @raftartv Podcast
In this episode of our podcast, we dive deep into the complex and evolving relationship between Pakistan and Saudi Arabia. We discuss why Mohammad bin Salman (MBS), despite multiple invitations, has not visited Pakistan since 2019, while Pakistani leaders like Imran Khan and Shahbaz Sharif have made numerous trips to Saudi Arabia. Our discussion highlights the misjudgments and underestimations made by Pakistani leadership regarding their Arab counterparts, and the impact of these diplomatic dynamics on the broader geopolitical landscape.
We explore the economic promises that have been made and broken, particularly focusing on the long-awaited refinery project and the $12 billion investment that never materialized. We also delve into the strategic shifts in Saudi investment, noting their significant stakes in global companies like Lucid Motors, Uber Technologies, and Jio Platforms, and contrast this with the less favorable investment climate in Pakistan. The conversation also touches on the role of Pakistan's bureaucratic and military establishments in these diplomatic failures.
Our guest, Farhan Malik, CEO and founder of Raftar, provides an insightful analysis of the broader economic implications of Saudi Arabia's investment strategies. We discuss the formation and performance of the Special Investment Facilitation Council (SIFC), the dramatic plunge in Saudi FDI, and the unrealistic expectations set by Pakistani authorities. The episode also covers the political uncertainties within Pakistan, including the impact of domestic politics on foreign investment and economic stability.
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20 сен 2024
