Federal Minister for Investment, Privatization and Communications, Abdul Aleem Khan, said here on Thursday that the institutional and policy reforms introduced by the incumbent government would further encourage more Saudi investor to invest in Pakistan.
“I am confident that with institutional and policy reforms, we have introduced, more Saudi investors will be encouraged to invest in Pakistan,” the federal minister said while addressing Pakistan-Saudi Arabia Business Forum.
He said, the business forum provides unique opportunity to build deeper commercial ties between the two brotherly countries and invited Saudi Businessmen to explore wide rage investment opportunities Pakistan has to offer.
He said, the government was fully committed to support and facilitate foreign investors in every sector, adding Pakistan and Saudi Arabia would further strengthen cooperation to promote mutual growth and prosperity.
He appreciated, the ongoing sessions of the forum, exchanges of visits and Saudi Arabia’s commitment towards strengthening economic engagements within Pakistan. He also thanked the leadership of Saudi Arabia for extending valuable support and assistance to Pakistan.
The minister expressed the hope that government and private sector delegates would have the opportunity to take forward some of these discussions held during this visit and congratulated teams of both sides for B2B Memorandum of Understandings (MoUs) and agreements they would be signing during this forum.
Meanwhile, Head of International Finance Cooperation (IFC) Saudi Arabia, Waleed Al Murshad and Head IFC Pakistan and Afghanistan, Zeeshan Sheikh gave detailed presentation on IFC, the global multilateral financial institution focused on entirely investment in private sector. On average it invests $55 billion across developing countries and had invested $2 billion in Pakistan last year.
Exim bank Saudi Arabia representative, Thamer A. Alshethri also gave presentation on the operations of the bank, which provides credit solutions to help private sector.—APP
