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AFP
Islamabad
Pakistan's foreign ministry announced Friday that Prime Minister Imran Khan will attend a Saudi Arabian investment conference, despite a string of cancellations from leading policy-makers and corporate chiefs over the disappearance of journalist Jamal Khashoggi.
The decision comes a day after US Treasury Secretary Steven Mnuchin and senior ministers from Europe announced plans to skip the conference.
Khan's visit comes as Pakistan continues to court"friendly"nations in search of billions of dollars to shore up its deteriorating finances as it faces a balance of payment crisis and upcoming talks with the International Monetary Fund (IMF) over a potential bailout. 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 visit also comes as Pakistan's central bank warned 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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20/10/2018
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