Pakistan has great potential for business, economic growth

ISLAMABAD: Ambassador of Saudi Arabia Nawaf Saeed Al-Malkiy Monday said Pakistan has great potential for business and economic growth that needed be highlighted more effectively to attract the attention of foreign investors.

He said this while exchanging views with a delegation of Islamabad Chamber of Commerce and Industry that called on him led by its President Ahmed Hassan Moughal.

Rafat Farid Senior Vice President, Iftikhar Anwar Sethi Vice President ICCI, Khalid Malik Chairman ICCI Diplomatic Committee and others were in the delegation.

He said Prime Minister Imran Khan was keen to promote Pakistan’s exports for which, apart from government-to-government contacts, enhanced people-to-people contacts were necessary so that foreign people could come to Pakistan and see its actual potential.

The ambassador said there was a great need promote soft image of Pakistan to outside world in order to get enhanced foreign direct investment.

Saudi Arabia was now more opened to foreign investors and Pakistani investors should also explore JVs and investment in Saudi Arabia in areas of interest, he added.

He stressed that Pakistan and Saudi Arabia should focus on frequent exchange of trade delegations to explore all untapped areas of mutual cooperation.

He said Saudi Commercial Section would try to explore all possible areas of JVs and investment in Pakistan for Saudi investors.

He urged that the ICCI should form a delegation for Saudi Arabia and his Embassy would cooperate in making its visit successful.

Speaking on the occasion, Ahmed Hassan Moughal said the ICCI intended to take a delegation to Saudi Arabia in December or January to explore new avenues of mutual cooperation between the two countries for which support of Saudi Embassy was needed to facilitate its visit.

He said investors of Saudi Arabia should explore JVs and investment in CPEC and other sectors of Pakistan’s economy.