S. Arabia’s timely assistance to help Pakistan overcome imminent financial crunch

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ISLAMABAD, Oct 25 (APP):Senior Vice President SAARC Chamber of Commerce and Industry (CCI) Iftikhar Ali Malik here on Thursday termed Prime Minister Imran Khan’s visit to Saudi Arabia as result oriented that will help steer the country out of imminent financial crunch.
Talking to a delegation of traders who called on him here Thursday, he said PM visit to the brotherly Islamic country was imperative in changing global scenario as it yielded loud and gives clear message to the world that Pakistan and Saudi Arabia‘s bilateral relations are long lasting,” says a press release.
He said the visit would help in further strengthening the bilateral, brotherly, strategic and economic relations. Both the countries were ready to work together under 2030 Vision which was a game changer for Saudi Arabia, Middle East and the Muslim countries, he added.
He said Pakistan had huge potential of natural and mineral resources.He further said there were great investment opportunities in Pakistan, and the Pakistani community was playing important role in the development of Saudi Arabia.
Iftikhar Ali Malik lamented that entire Muslim countries despite blessed with abundant resources contribute a meager amount of hardly 5 to 6 percent in world trade which must be increased significantly other will continue to lag behind the advanced and developed countries.
He said Pakistan is facing multiple economic and social problems and all political parties should work for progress, prosperity and development of the country after burying the hatchet. He said the state of the economy is so precarious that without entering into a ‘charter of economy’ no individual political party could overcome the issues, especially when the country will have to go for an IMF programme.
Malik said it is good omen that Saudi Arabia is too investing in CPEC, a harbinger of prosperity and progress for Pakistan as our future depends on the success of this mega project.
He said all political parties including PML-N and PPP have divergent interests and he is much optimistic that sense prevails in all political parties and they would work together to resolve their differences and make CPEC a success,” He expressed the hope that in the coming year, exports would be increased due to the steps that were taken by the government