‘Saudi in­vestors keen in in­vest­ment, joint ven­tures’

The Pak Banker - - NATIONAL -

IS­LAM­ABAD: Saudi Ara­bian in­vestors are in­ter­ested in in­vest­ment and joint ven­tures in var­i­ous sec­tors of Pak­istan's econ­omy. Steel man­u­fac­tur­ing and food pro­cess­ing are po­ten­tial ar­eas for joint ven­tures be­tween the two coun­tries. Th­ese views were ex­pressed by Am­bas­sador of Saudi Ara­bia to Pak­istan Ab­dul­lah Mar­zouq Al-Zahrani here on Mon­day.

He was talk­ing to a del­e­ga­tion of Is­lam­abad Cham­ber of Com­merce and In­dus­try (ICCI) led by its Pres­i­dent Atif Ikram Sheikh who called on him to dis­cuss ways and means for fur­ther en­hanc­ing bi­lat­eral trade be­tween the two broth­erly coun­tries. Sheikh Pervez Ahmed, Se­nior Vice Pres­i­dent and Sheikh Ab­dul Wa­heed, Vice Pres­i­dent Is­lam­abad Cham­ber of Com­merce and In­dus­try, Iftikhar and Tan­veer Af­sar Malik were mem­bers of the del­e­ga­tion. The Saudi En­voy stressed that both coun­tries should or­ga­nize sin­gle coun­try ex­hi­bi­tions and en­cour­age fre­quent ex­change of trade del­e­ga­tions to ex­plore all un­tapped ar­eas of mu­tual col­lab­o­ra­tion.

Saudi Ara­bia con­sid­ered Pak­istan an im­por­tant trad­ing part­ner and wanted to fur­ther en­hance im­port of many prod­ucts from Pak­istan. Pak­istani en­trepreneurs have tremen­dous op­por­tu­ni­ties to pro­mote trade with Saudi Ara­bia by im­prov­ing the qual­ity of their prod­ucts. Al-Zahrani as­sured that the Em­bassy would fa­cil­i­tate Pak­istani busi­ness com­mu­nity in their vis­its to ex­plore for busi­ness op­por­tu­ni­ties. Atif Ikram Sheikh, Sheikh Pervez Ahmed and Sheikh Ab­dul Wa­heed said that Pak­istan and Saudi Ara­bia en­joyed cor­dial re­la­tions that should be trans­formed into grow­ing trade and eco­nomic re­la­tions. They said Pak­istan was ex­port­ing few prod­ucts to Saudi Ara­bia like tex­tiles, rice, meat, fish, spices, food and veg­eta­bles while there was great scope to ex­port more prod­ucts in­clud­ing high qual­ity medicines, ce­ment, steel and many other in­dus­trial prod­ucts to the King­dom of Saudi Ara­bia.

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