Pak­istan, KSA eco­nomic co­op­er­a­tion in­creas­ing

Pakistan Observer - - ECONOMY WATCH - KARACHI: Sui South­ern Gas Com­pany hosted an If­tar din­ner at a lo­cal ho­tel in the hon­our of me­dia fra­ter­nity.

KARACHI—Pres­i­dent Pak­istan Busi­ness­men and In­tel­lec­tu­als Fo­rum (PBIF) Mian Zahid Hus­sain has said the bi­lat­eral re­la­tions be­tween Pak­istan and Saudi Arabia are ex­tremely friendly as Islamabad is Saudi Arabia’s clos­est Mus­lim ally. Saudi Arabia and Pak­istan have ex­ten­sive com­mer­cial, cul­tural, re­li­gious, po­lit­i­cal, and strate­gic re­la­tions since decades, he said.

Mian Zahid Hus­sain said this while speak­ing at an If­tar din­ner held in hon­our of Saudi Con­sul Gen­eral Muham­mad Ab­dul­lah Ab­dul Diam. The pos­i­tive role of KSA in sta­bil­ity can­not be overem­pha­sised which is widely ac­knowl­edged by gov­ern­ment and peo­ple of Pak­istan, he said. Speaker Sindh As­sem­bly Agha Si­raj Dur­rani, Deputy Gov­er­nor SBP Qazi Ab­dul Muq­tadar, DG Cus­toms Eval­u­a­tion Syed Tan­veer Ahmed, Di­rec­tor Eval­u­a­tion Wasif Ali Me­mon and oth­ers were present on the oc­ca­sion.

At the oc­ca­sion, the con­sult gen­eral said that Pak­istan is an im­por­tant trade part- ner while ma­jor­ity of the re­mit­tances be­ing re­ceived in Pak­istan comes from KSA. He said that de­fence and eco­nomic co­op­er­a­tion be­tween both broth­erly Is­lamic states con­tinue to in­crease and that de­ci­sion of KSA to end de­pen­dence on oil econ­omy will open new av­enues of co­op­er­a­tion to gov­ern­ment and pri­vate sec­tors of Pak­istan.

He lauded the eco­nomic poli­cies of Pak­istan which has helped the econ­omy to take off in a short span. He said that KSA wants to be­come part­ner in eco­nomic corridor and ex­tend it to Red Sea and Africa. KSA has am­ple op­por­tu­ni­ties in steel and food pro­cess­ing sec­tors which should be ex­plored by Pak­istani busi­ness­men who will get all out co­op­er­a­tion in my coun­try, he said. Agha Si­raj Dur­rani said that Saudi Arabia is a great friend that has al­ways helped Pak­istan dur­ing hard times. Over two mil­lion Pak­ista­nis em­ployed in Saudi Arabia send home re­mit­tances in bil­lions of dol­lars an­nu­ally, he added.—Agencies

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