KARACHI: Privatization Minister Abdul Aleem Khan has urged the business community and investors to take action, particularly in light of Pak-Saudi investment and export agreements, as a high-level Saudi trade delegation arrived on Monday.
He stated that increasing exports was essential for boosting foreign reserves and stabilizing the national economy while presiding over a significant gathering of investors and businesspeople at Sindh Governor House.
He encouraged the private sector to look into fresh prospects in many industries. “In order to grow further and eventually create more jobs, we must invest in export-oriented sectors.” He encouraged the private sector to look for new chances to invest both domestically and internationally, promising to give all the facilities required by the government to support this effort.
He expressed his hope that the private sector will seize the opportunity presented by the Saudi business delegation’s arrival to enhance trade between the two nations.
Following a recent meeting between Saudi Crown Prince Mohammad bin Salman and Prime Minister Shehbaz Sharif, in which the two agreed to expedite the planned $5 billion Saudi investment package for Pakistan, the Saudi delegation, led by Foreign Minister Prince Faisal Bin Farhan Al Saud, arrived on Monday night for a two-day visit.
Saleh Farooqui, the secretary of commerce, gave a briefing to the group on the state of exports. He mentioned a wide range of industries, including sports equipment, minerals, mobile phones, medicines, textiles, information technology, and agriculture.
In addition to Zubair Motiwala, the chief executive of the Trade Development Authority of Pakistan, other attendees included businesspeople, investors, and leaders of the business community.
