Riyad, 25 October 2021 (TDI): Prime Minister of Pakistan, Imran Khan, addressed the Saudi-Pak Investment Forum today on Monday. It was organized in cooperation with the Saudi Ministry of Investment.
Leading Saudi companies, such as SABIC, ACWA Power, Ma’aden, SALIC, Al-Zamil Group, Al-Bawani Group, and Riyad Bank, attended the Forum and reaffirmed their commitment to deepening their relationship with Pakistan.
According to the PM’s office, key Pakistani business leaders, investors from Pakistan’s diaspora, and stakeholders from Pakistan’s private sector living in the kingdom were also present.
The Saudi Investment Minister Khalid Al-Falih, Pakistan’s Foreign Minister, Shah Mahmood Qureshi, Financial Adviser Shaukat Tarin, and Energy Minister Hammad Azhar; addressed the Forum.
The PM’s office stated, “The Prime Minister highlighted the necessity of engaging the
business sector to strengthen the economic cooperation.” He hoped that the two nations’ private sectors would take advantage of their close and cordial bilateral ties to achieve the untapped potential in trade, business, and investment.
Imran Khan highlighted that Pakistan had a strong and vast consumer market of over 220 million people, with a growing middle class.
Highlighting Pakistan’s importance as a gateway to Asian markets and beyond, the Prime Minister’s said, “Pakistan’s geo-strategic position offered Pakistan distinct opportunities to stimulate intra-region trade by building regional connectivity on modern lines.”
The Prime Minister emphasized that the historic shift in Pakistan’s strategic focus from geopolitics to geoeconomics in order to fulfil that potential. All sectors of Pakistan’s economy are open to international investment, with no restrictions on remitting capital, profits, or dividends, according to the forum’s attendees.
The PM stated that the country offered “enormous prospects” for foreign investors in renewable energy, food and agriculture, infrastructure development, housing, health, and tourism.
The PM stated that the country offered “enormous prospects” for foreign investors in renewable energy, food and agriculture, infrastructure development, housing, health, and tourism.
Pakistani and Saudi businesspeople have expressed confidence that the Pakistan-Saudi Investment Forum, which is being held in Riyadh, will assist investors in pursuing
investment opportunities in each other’s countries.
Prime Minister Imran Khan is on an official visit to the kingdom on the invitation of Crown Prince Mohammed bin Salman. This is his second trip to the kingdom this year. He visited the kingdom last in May and signed several agreements.
