Two-day Pakistan-Saudi Arabia investment conference will promote bilateral trade and investment.
In Islamabad, a two-day investment conference between Pakistan and Saudi Arabia commenced with a positive outlook, as the head of the Saudi delegation expressed Riyadh’s confidence in Pakistan as a favorable investment destination.
Led by Deputy Investment Minister Ibrahim Almubarak, a 50-member Saudi trade delegation is exploring trade and investment opportunities in Pakistan, in line with agreements reached between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammad Bin Salman.
Almubarak highlighted Saudi companies’ interest in Pakistan and their preference for investing there, emphasizing the potential for enhanced trade relations.
Finance Minister Muhammad Aurangzeb affirmed the government’s commitment to facilitating the private sector for export-led growth, citing positive economic indicators such as agricultural GDP growth and stable foreign exchange reserves.
He also mentioned ongoing discussions with the IMF for a new program aimed at ensuring macroeconomic stability and structural reforms. Minister for Petroleum Musadik Masood Malik emphasized collaboration between the private sectors of both countries to diversify the economy and promote prosperity through sectors like infrastructure, mines and minerals, tourism, and agriculture.
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