ISLAMABAD Minister of Investment Eng. Khalid Al-Falih, Pakistani Deputy Prime Minister and Foreign Affairs Minister Ishaq Dar, as well as a large number of businesspeople and investors from both countries, attended the 2024 Saudi-Pakistani Business Forum on Thursday in Islamabad. Businessmen from Saudi Arabia and Pakistan signed a number of memorandums of cooperation during the event. These agreements covered a wide range of industries, including information technology, mining, food, agriculture, energy, and other crucial fields.
Al-Falih stressed the Kingdom’s strong emphasis on its connection with Pakistan in his statement at the event. He pointed out that the Republic of Pakistan is a major hub for Saudi investors and has the potential to develop into a low-risk, high-return investment destination. He praised the Pakistani government’s economic initiatives, especially the creation of the “Special Council for Investment Facilitation,” which is a crucial forum for expediting investment procedures.
The minister reported that $5.4 billion was exchanged between the two nations. For his part, Ishaq Dar reiterated Pakistan’s dedication to strengthening its partnership with the Kingdom in the areas of investment and economics. He thanked the Saudi leadership for its unwavering and ongoing assistance to Pakistan, particularly in the face of current economic difficulties.
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