Investments
On Tuesday, Foreign Minister Ishaq Dar extended a warm assurance of full support and facilitation to Saudi Arabia regarding its investment endeavors in Pakistan, according to a report by Radio Pakistan.
During a significant meeting of the Special Investment Facilitation Council (SIFC) held in Islamabad, Dar addressed the attendees which included a prominent Saudi delegation led by Foreign Minister Prince Faisal Bin Farhan Al Saud.
In his speech, Dar emphasized that Pakistan would handle Saudi investments with the highest degree of respect and institutional commitment, aiming for substantial mutual successes.
Foreign Minister Dar expressed confidence that the already strong ties between Pakistan and Saudi Arabia would be further solidified through ongoing collaborative efforts.
He articulated a vision where investment from Saudi Arabia transcends mere capital placement, becoming a cornerstone for a partnership geared towards shared prosperity and advancement.
Moreover, Dar pointed out that the contributions from Saudi investments are expected to significantly benefit regional peace and stability.
He also highlighted the vast potential for these investments across various sectors such as agriculture, energy, and mining.
By promoting these areas, Dar’s goal is to transform Pakistan into a thriving hub of economic activity and innovation, thus creating a more appealing environment for international investors, particularly those from Saudi Arabia.
Reiterating the government’s dedication, Dar mentioned that the Special Investment Facilitation Council is committed to ensuring that the investment procedures are expedited, effective, and mutually advantageous.
This commitment underlines Pakistan’s broader strategy to enhance foreign direct investment inflows.
This initiative follows closely on the heels of a recent pledge by the two countries to accelerate the implementation of a substantial $5 billion investment package.
In earlier discussions, Prime Minister Shehbaz Sharif highlighted the urgency of pushing forward with the initial phase of Saudi investments in Pakistan.
He also briefed the Saudi delegation on the operations and objectives of the SIFC, which plays a pivotal role in boosting investment within the country.
Through such initiatives and dedicated councils like the SIFC, Pakistan is set to foster an investment-friendly atmosphere that not only attracts capital but also promotes sustainable economic growth and regional stability.
This approach is indicative of Pakistan’s strategic efforts to deepen economic ties with Saudi Arabia and leverage these relationships for broader economic and social benefits.
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