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A Two-Day Pakistan Saudi Arabia Investment Conference Commences in Islamabad 

Pakistan Saudi Arabia Investment Conference

The much-anticipated two-day Pakistan Saudi Arabia investment conference commenced on Monday, resonating with optimism as the head of the Saudi delegation expressed Riyadh’s confidence in Islamabad as a “suitable” destination for investments.

Pakistan Saudi Arabia Investment Conference 

Pakistan Saudi Arabia Investment Conference

Led by the Deputy Investment Minister of Saudi Arabia, Ibrahim Almubarak, a 50-member high-level Saudi trade delegation arrived in Islamabad to explore diverse avenues of trade and investment. The conference comes in the wake of decisions made during meetings between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammad Bin Salman, aiming to bolster bilateral trade and investment and usher in a new era of growth and prosperity for both nations.

Addressing the gathering, Almubarak highlighted Saudi companies’ keen interest in investing in Pakistan, citing the country’s attractiveness for investment. He emphasized that the visit of the Saudi delegation signifies the commitment of the Saudi government and companies to prioritize Pakistan for investment opportunities.

Almubarak underscored the significant contributions of Pakistanis to the development of the Kingdom and expressed Saudi investors’ eagerness to invest in various sectors in Pakistan.

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Finance Minister Muhammad Aurangzeb, in his remarks during the opening session, reiterated the government’s commitment to facilitating the private sector to steer the country towards export-led growth. He emphasized the government’s focus on attracting foreign direct investment to uplift various sectors and highlighted the positive trajectory of Pakistan’s economy.

Providing an overview of the country’s economic situation, Aurangzeb expressed confidence in the reduction of the current account deficit and the stability of the local currency. He also highlighted the government’s efforts to engage with the International Monetary Fund (IMF) for a larger and longer program to ensure macroeconomic stability and structural reforms.

Minister for Petroleum Musadik Masood Malik stressed the importance of collaboration between the private sectors of Pakistan and Saudi Arabia to diversify the economy and achieve prosperity for both countries. He emphasized the need for joint efforts in sectors such as mines and minerals, tourism, agriculture, and infrastructure development.

The conference serves as a platform to strengthen economic ties between Pakistan and Saudi Arabia, laying the groundwork for mutually beneficial collaborations and investments that promise growth and prosperity for both nations.