Chairman United Business Group in Federation of Pakistan Chamber of Commerce and Industry Shahzad Ali Malik Thursday said that Iran-Saudi Arabia reconciliation is an opportunity for Pakistan and urged the need to further cement trade and investment relations with both of the countries to attain sustainable economic development.
In a press statement, he said this recent development is seen as a positive step toward resolving long-standing tensions and conflicts in the Middle East.
He said the normalization of ties between Iran and Saudi Arabia presents opportunities for Pakistan and urged the need for maintaining balanced diplomatic ties with both states, which is a much-cherished moment.
He was of the view that closer ties with Iran would be essential for improving regional security, while close ties between China, Iran, and Pakistan would be crucial for the success of the China-Pakistan Economic Corridor and the larger Belt and Road Initiative (BRI).
Pakistan has a history of playing a constructive role in the Middle East and has consistently supported and coordinated efforts to bridge gaps between countries in the region, he said adding that in light of the recent development it is important for Pakistan to continue this role and help maintain the positive momentum and contribute to a more stable and peaceful Middle East.—APP