JEDDAH – Prime Minister Imran Khan has pressured the significance of partaking the personal sector of Pakistan and Saudi Arabia to fortify the financial relationship.
Addressing Saudi-Pakistan Funding Discussion board in Riyadh at this time, he urged Saudi firms and entrepreneurs to capitalise on Pakistan’s strategic location and faucet into its “huge investment potential,” significantly within the housing and development sectors, the PM workplace mentioned.
Khan emphasised that Pakistan presents a robust and enormous shopper market of over 220 million, with an ever-expanding center class. He highlighted the Pakistan authorities’s liberal and investor-friendly insurance policies.
He underlined that the federal government is dedicated to offering an enabling setting to strengthen the investor-friendly dispensation within the nation.
Imran Khan underlined that the geo-strategic place presents Pakistan distinctive alternatives to stimulate intra-region commerce by constructing regional connectivity on trendy traces.
To grasp that potential, the premier underscored the historic shift in Pakistan’s strategic focus from geo-politics to geo-economics.
“Pakistan has excellent relations with China and that there could be further economic dividends if the unresolved dispute of Jammu and Kashmir is peacefully resolved with India,” he added.
Reaffirming Pakistan’s long-standing deep fraternal relations with Saudi Arabia, the Prime Minister underscored the reverence Pakistanis have for the Custodian of the Two Holy Mosques and gratitude for Saudi Arabia’s abiding help to Pakistan at each juncture.
He mentioned Pakistan will all the time stand with Saudi Arabia towards any menace to its safety, sovereignty and territorial integrity.
Main Saudi companies together with SABIC, ACWA Energy, Ma’aden, SALIC, Al-Zamil Group, Al-Bawani Group and Riyad Financial institution attended the Discussion board and affirmed their resolve to construct deeper engagement with Pakistan. Key Pakistani enterprise leaders, traders from the Pakistani diaspora, and stakeholders from Pakistan’s personal sector based mostly within the kingdom have been additionally current, the PM workplace mentioned.
Addressing the Discussion board, Foreign Minister Shah Mahmood Qureshi targeted on Pakistan’s shift from geo-politics to geo-economics.
Adviser on Finance Shaukat Tarin highlighted financial resurgence of Pakistan. Minister for Power Hammad Azhar outlined the huge alternatives within the vitality, agriculture, livestock and different key sectors.
In his keynote tackle, Saudi Minister for Funding Eng. Khalid bin Abdulaziz Al-Falih underscored the longstanding and abiding ties between Saudi Arabia and Pakistan and reaffirmed the resolve to additional deepen bilateral commerce, funding and enterprise hyperlinks.
Khan is on an official go to to the dominion on the invitation of Crown Prince Mohammed bin Salman. That is his second journey to the dominion this 12 months. He visited the dominion final in Could and signed a number of agreements.