ISLAMABAD: A high-level Saudi delegation, led by His Highness Prince Faisal bin Furhan Al Saud, attended the ‘Saudi Arabia-Pakistan Investment Conference’ held in Islamabad on Tuesday.
According to sources, Foreign Minister Mohammad Ishaq Dar extended a warm welcome to the Saudi Delegation at the Special Investment Facilitation Council, underlining the longstanding ties and shared strategic interests between Pakistan and Saudi Arabia.
The insiders said that he emphasised the pivotal role of Saudi investments in bolstering bilateral relations and enhancing economic cooperation. Dar elaborated on Pakistan’s efforts, facilitated through the SIFC platform, to streamline investment procedures and expedite decision-making, thereby fostering an attractive investment climate.
Dar further showcased Pakistan’s diverse investment opportunities across sectors such as agriculture, IT, and mining, extending invitations for collaborative ventures to Saudi investors.
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Expressing confidence in the deepening bonds between the two nations, the Foreign Minister envisaged substantial economic growth and enduring benefits. He urged constructive engagement and cooperation for mutual prosperity and development.
Officials from the SIFC provided detailed briefings on investment prospects in key sectors of Pakistan’s economy. Both sides engaged in extensive deliberations at the operational level to identify investment avenues.
The Saudi delegation acknowledged the improving investment landscape in Pakistan and commended SIFC’s role in resolving legacy investment issues. They expressed keen interest in investing in pivotal sectors of Pakistan’s economy. Pakistani officials assured maximum support and facilitation to fast-track Saudi Arabia’s potential multi-billion dollar investments in the country.
Additionally, the two sides finalised a bilateral implementation mechanism to closely coordinate and execute investment-related matters, translating sovereign commitments into tangible economic outcomes.
