Dar stresses for enhancing economic cooperation between Pak-Saudi Arab

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ISLAMABAD, May 23 (APP): Finance Minister Senator Mohammad Ishaq Dar stressed for enhancing economic cooperation between the Pakistan and Saudi Arab with particular emphasis on augmenting bilateral trade.

The present government led by Prime Minister Muhammad Nawaz Sharif wishes to further consolidate the brotherly relations and take them to even greater heights, encompassing all important spheres of cooperation, Ishaq Dar said in a meeting with Minister and Advisor, Saudi Royal Court Ahmed Al-Khateeb here on Monday.

Finance Minister while welcoming the visiting Saudi dignitary
said both the countries are bound by strong feelings of Islamic brotherhood and enjoy exemplary ties, said in statement issued by the Ministry of Finance here.

He also had discussion with the visiting Saudi dignitary about
investment opportunities in Pakistan, particularly in petrochemical and energy sectors and said that the Saudi government, investors and public sector organizations are welcome to explore these opportunities.

He said that the improved economic and security situation
and implementation of government’s infrastructure related plans is attracting the attention of foreign investors.

Finance Minister said that Pakistan offers the most liberal
investment regime and Saudi investors are most welcome to take advantage of it for mutual benefit of the two countries.
Mr. Ahmed Al-Khateeb said that Saudi government would
encourage different Saudi companies to explore investment
opportunities in Pakistan.

He shared the desire of the Saudi leadership with the Finance Minister for increasing efforts to enhance economic cooperation which could be reflective of the deep rooted relations between the two countries.

The Minister thanked Mr. Al Khateeb for his visit and asked
him to convey his best wishes and respects to Khadim al Haramain Shareefain and the Saudi leadership.