Ah, what a delight it is to live in the past. Saudi Arabia exports oil worth $240 billion a year. All we want from the Saudis is to give us a billion dollars worth of oil on credit. How charming it is to dwell in bygone days. Saudi Arabia’s Public Investment Fund (PIF) has estimated assets of $925 billion. All we want from the Saudis is to extend the term for the deposit of $3 billion with the State Bank of Pakistan (SBP).

We must gain a deeper understanding of the PIF's investment selection criteria, funding priorities, the architects and the gatekeepers. The PIF has a vision and a strategy for Saudi Arabia's future. The PIF aspires to transform the Saudi economy into an intelligent one, powered by two cutting-edge technologies: artificial intelligence (AI) and the internet of things (IoT). This shift aims to diversify the Saudi economy and invest locally and internationally.

Crown Prince Mohammed bin Salman leads the PIF’s Board. Andrew Liveris, a recipient of an honorary doctorate in science from the University of Queensland,........

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