Staff Reporter
Islamabad :Saudi Arabia has expressed deep interest in investing in important sectors of Pakistan and due to the continuous efforts of SIFC, a high-level Saudi delegation led by Saudi Minister for Investment Sheikh Khalid bin Abdulaziz Al-Falih. He came to Pakistan on a three-day official visit. A report said that according to 27 memorandums of understanding worth 2.2 billion dollars between Pakistan and Saudi Arabia, industry, agriculture, IT, food, education, minerals, health, petroleum, energy and mutual Investments will be made in other areas of cooperation. During the visit, a ministerial round table conference was also held to address the concerns of foreign investors, provide clarity on policies and promote a supportive environment for investment. To restore the confidence of international investors and encourage more investors from Saudi Arabia, the government assured to convert these MoUs into workable projects. went so that they would carefully review each project, facilitate investors and ensure that MoUs are implemented expeditiously. In terms of quick income-generating exports, the conference suggested that new export Commodities such as construction materials and agricultural products should be explored to further increase Pakistani exports. SIFC’s efforts to streamline the investment process have significantly improved Pakistan’s economic reputation, which has attracted international investors. Confidence has been restored.
