Islamabad: Deputy Prime Minister Ishaq Dar has expressed Pakistan’s firm commitment to working closely with Saudi Arabia to explore the potential for cooperation in various fields between the two countries.
Addressing Pak-Saudi Business Forum in Islamabad today (Thursday), he said Pakistan offers a wide range of investment opportunities especially in the areas of IT, mines and minerals, renewable energy and agriculture and livestock.
Deputy PM Ishaq Dar said that strategic partnership between Pakistan and Saudi Arabia has entered into a new era.
The Deputy PM invited Saudi Arabia investment in mines sector while energy projects are also open for Saudi investors.
He said that IT sector of the country is also giving opportunities to international investors. While he said that Pakistan economy is on the path of durable development.
Ishaq Dar said that Pakistan soon will emerge as 24th strong economy.
He citing the government’s efforts for economic stability and existing huge potential for investment, said that the country’s economy had been put on the road to sustainable growth to achieve the dream of joining the G20 club as soon as possible.
The deputy prime minister recalled that in 2017, the country had achieved the status of top 24th economy with 4% inflation, below 2% food inflation, 6% GDP, and highest foreign reserves, pursuing its journey to join the G20 which was derailed due to COVID pandemic and certain internal and external factors.
Deputy Prime Minister said that Pakistan is actively fostering innovation, enhancing its infrastructure and streamlining regulatory framework to create an investment friendly climate.
Addressing Business Forum, Saudi Minister of Investment Khalid bin Abdulaziz Al-Falih said his country has been and will continue to be Pakistan’s partner and help it achieve economic stability.
In his remarks, Finance Minister Muhammad Aurangzeb said Pakistan is at a good place on economic front and open to business. He highlighted government policies aimed at strengthening the private sector to lead the country’s business and economy.
Minister for Petroleum Musadik Masood Malik highlighted that Special Investment Facilitation Council has been established to provide a welcoming environment to the foreign investors.
