Finance Minister Muhammad Aurangzeb said Friday that Saudi investors are welcome in Pakistan and that it is the government’s responsibility to ensure a conducive environment for investment.
In a virtual address said Aurangzeb, “Saudi -Arabia’s Vision 2030 wins a unique status globally and we learn a lot from it ”.
He noted that three major global credit rating agencies had provided positive assessments of Pakistan’s economic indicators, which signaled “improvement in investor confidentiality. The government is now obliged to pursue the export -led economic growth”.
The Minister said Islamabad made fundamental reforms in the most important economic sectors, including energy and taxation, with progress in consultation with relevant stakeholders. He credited these efforts to help stabilize the national economy.
However, the Minister of Finance acknowledged that the rehabilitation of flooded affected communities remains a significant challenge.
Read: SINDH CM WOOS SAUDI -BUSITIONS TO INVEST INVIRT IN ENERGY, AGRI SECTOR
Prince Mansour Bin Mohammed Al Saud recently signed a Memorandum of Understanding (MOU) with Pakistani investor Sherharyar Chishti for the acquisition of a majority share in Kes Power LTD moder company in K-Electric, which has a 66.4% share in the opportunity.
Sindh Minister of Chief Murad Ali Shah had invited Saudi companies to explore investment opportunities in provincial agriculture, energy, infrastructure, logistics and industrial sectors, according to Associated Press of Pakistan (app).
The delegation included Saudi Ambassador Nawaf Bin Saeed Ahmad al-Malki together with more than 30 prominent business people and investors representing sectors such as energy, agriculture, livestock, mining, construction, logistics and finance.
