Mohammad Arshad
Saudi Ambassador Nawaf bin Said Al-Maliki, Tuesday said that upcoming visit of Pakistan’s Prime Minister to Saudi Arabia would pave way for exploring new vista of cooperation between the two brotherly countries.
In a meeting with Federal Minister for Energy Muhammad Hammad Azhar here Ambassador Nawaf bin Saeed Al-Maliki said that Saudi Arabia desired to further strengthen the existing close brotherly relations between the two countries.
Ambassador also congratulated Hammad Azhar on taking charge of the Energy portfolio.
Special Assistant to the Prime Minister on Power and Petroleum, Tabish Gauhar and Secretary Power Division were also present during the meeting.
Matters relating ongoing cooperation between Pakistan and Saudi Arabia in the Energy Sector and upcoming visit of the Prime Minister to Saudi Arabia were discussed during the meeting.
Speaking on the occasion, Hammad Azhar said that Pakistan and Saudi Arabia were tied in close brotherly relations based on common religion, culture, values and traditions.
Minister informed the Saudi Ambassador that time is perfect to invest in the Oil Refining business in Pakistan since the demand for oil is increasing. He said that Government is brining policy to facilitate potential investors in this regard.
SAPM on Power and Petroleum apprised the Saudi Ambassador on key features of new proposed Refining Policy which will provide tax, custom duty and tariff related concessions for the investors for a reasonable period. Potential investors like Saudi ARMCO can take benefit of the concessions, he added.
Nawaf Bin Saeed Al-Maliki congratulated Hammad Azhar on taking charge of the Energy portfolio.
He said that Saudi Arabia desire to further strengthen the existing close brotherly relations between the two countries.
The upcoming visit of Pakistan’s Prime Minister to Saudi Arabia will pave way for exploring new vista of cooperation between the two brotherly countries, he added.
