The Lahore Chamber of Commerce and Industry (LCCI) Wednesday appreciated the government for paving the way for investment from Saudi Arabia that is bound to boost economic activities in the country.
LCCI President Mian Abuzar Shad, Senior Vice President Engineer Khalid Usman and Vice President Shahid Nazir Chaudhry, in a a media statement here, welcomed the government’s landmark efforts for deals with Saudis which he is poised to finalize during the visit of Saudi Minister of Investment’s upcoming visit to Pakistan.
These forthcoming deals are expected to not only enhance bilateral relations but also inject much-needed capital into Pakistan’s economy, providing a lifeline to various critical sectors.
LCCI office-bearers lauded the prime minister’s leadership, while describing the agreements as a historic step towards economic revival.
They said that Saudi Arabia has always been a pivotal partner for Pakistan and the signing of these trade and investment deals will open new doors of cooperation in key sectors such as energy, infrastructure, technology and manufacturing.
The LCCI leadership said that the deals will bring in billions of dollars of foreign investment, catalyze the country’s economic growth and strengthen its standing on the global stage.
Mian Abuzar Shad said Pakistan stands to benefit greatly from Saudi investment. The LCCI President also added that sectors like industrial growth, agriculture and information technology will see a major boost as a result of these agreements, which will create thousands of jobs and opportunities for the Pakistani workforce.
The LCCI office-bearers said that Saudi Arabia’s investment in Pakistan will be a game-changer. These deals will lead to improved connectivity, creating a stronger foundation for long-term economic progress. They added that enhanced ties with Saudi Arabia will also facilitate the growth of Pakistan’s export sector, providing access to new markets and increasing the country’s foreign exchange reserves۔—APP
