ISLAMABAD: On a three-day official visit, a high-level team from Saudi Arabia, headed by Sheikh Khalid Bin Abdul Aziz Al Faleh, the country’s Minister for Investment, came here on Wednesday.
Saudi Arabia’s minister was met at the Islamabad airport by senior authorities, including Federal Minister Abdul Aleem Khan, Minister of Trade Jam Kamal Khan, Minister of Petroleum Muhammad Musadik Malik, and the Minister for Board of Investment, Privatization & Communications.
During the Saudi minister’s visit, Pakistan and Saudi Arabia will sign a number of trade and investment agreements as well as certain Memorandums of Understanding (MoUs).
Additionally, the Saudi delegation will talk about investment ambitions across a range of industries at the Special Investment and Facilitation Council (SIFC).
On the schedule are meetings with businesses, investment agreements, and a visit from SIFC.
The minister of privatization greeted the guests at the Islamabad Airport and stated that it was a positive development for the investment sectors of both countries that Saudi Arabian government officials and representatives of private companies were coming to Pakistan to invest.
He stated that in addition to fostering reciprocal business endeavors, the visit would deepen the bonds that bind Pakistan and Saudi Arabia.
The minister of privatization declared that Pakistani private enterprises were prepared for investment and bilateral trade with Saudi Arabia, and that the ministry of investment had already finished making arrangements for the officials’ visit.
The Saudi delegation’s visit was deemed “extremely important” by the federal ministers, who also expressed the expectation that it would be goal-oriented.
The minister of investments from Saudi Arabia will see not only the business community in Islamabad but also President Asif Ali Zardari and Prime Minister Shehbaz Sharif while in the nation.
