Pakistan and Saudi Arabia have finalized a bilateral implementation mechanism to closely coordinate and execute investment related matters at the functional level.
The understanding to this effect came during Pakistan-Saudi Arabia Investment Conference held in Islamabad today.
The high-level Saudi delegation led by Saudi Foreign Minister Faisal bin Furhan A.F. Al Furhan Al Saud and Special Investment Facilitation Council attended the Saudi Arabia-Pakistan Investment Conference.
Foreign Minister Ishaq Dar emphasized the deep-rooted ties and mutual strategic interests between Pakistan and Saudi Arabia.
He highlighted the significance of enhanced bilateral strategic and economic partnership and the crucial role of Saudi investments in nurturing this relationship.
He explained how Pakistan through the SIFC platform aim to streamline investment processes and ensure rapid decision-making, fostering a flourishing investment-friendly environment in Pakistan.
The Foreign Minister showcased Pakistan’s abundant o
pportunities in agriculture, IT, and mining sectors, inviting Saudi investors to engage in mutually beneficial partnerships.
The Foreign Minister expressed confidence in the strengthened bonds between the two countries, envisioning significant economic growth and lasting benefits.
He concluded with a call for constructive engagement and collaboration towards mutual prosperity and development.
The SIFC officials gave comprehensive briefings encompassing the potential and investment opportunities in key sectors of Pakistan’s economy.
Both sides held exhaustive deliberative sessions at functional level to crystallize investment opportunities in Pakistan.
The Saudi side expressed great significance and interest in the improving investment ecosystem in Pakistan.
They appreciated SIFC’s role in amicable resolution of KSA’s legacy investment related issues, and showed keen interest to invest in key sectors of Pakistan.
The Pakistan side assured the Saudi side of maximum support and facilitation in fast-tracki
ng the Kingdom’s prospective multibillion dollars investments in Pakistan.
Source: Radio Pakistan