President Mamnoon urges Saudi investors to explore Pakistan’s energy, agriculture sectors

ISLAMABAD, Pakistan: President Mamnoon Hussain on Tuesday urged upon the Saudi investors to invest in Pakistan’s energy, infrastructure and agriculture sectors.


In a meeting with Saudi parliamentary delegation led by Dr. Abdullah Bin Mohammed Bin Ibrahim Al-Sheikh, Chairman of the Shura Council here at the Aiwan-e-Sadr, the President said business friendly environment in the country had encouraged foreign investment.

The President mentioned that the investment-friendly policies included opening up of all sectors of economy for Foreign Direct Investment (FDI), equal treatment of foreign and domestic investments, liberal foreign exchange regime and one-window operation.

Mamnoon Hussain expressed his satisfaction at cooperation of the two countries at the regional and international form and said the relations between the two brotherly countries were deep-rooted in common faith, culture, history and heritage.

“The government and the people of Pakistan hold the Royal Family in high esteem and have highest respect for the Custodian of the two Holy Mosques, King Salman Bin Abdul Aziz Al Saud”, he said.

The President termed the large Pakistani community in Saudi Arabia as a human bridge between the two brotherly countries, and added that they were playing an important role in the development of both Pakistan and Saudi Arabia.

President Mamnoon Hussain expressed satisfaction on the level of Pak-Saudi defence cooperation and the training facilities being offered for Muslim countries at the Pakistani defence institutions.

He said Pakistan had welcomed the formation of 35-nation coalition to counter terrorism and extremism and reiterated the country’s commitment for peace in cooperation with other region countries, particularly Saudi Arabia.

The President assured that Pakistan will fully stand by Saudi Arabia in the event of any threat to its territorial integrity.

Dr. Abdullah Bin Mohammed Bin Ibrahim Al-Sheikh, Chairman of the Shura Council said that Pakistan and Saudi Arabia are bound together in strong bonds of common religion and culture and that Saudi Arabia accords highest priority to good relations with Pakistan.

He conveyed to President Mamnoon the best wishes of King Salman Bin Abdul Aziz Al Saud and the Crown Prince for the government and the people of Pakistan.

President Mamnoon Hussain extended an invitation to King Salman Bin Abdul Aziz Al Saud and the Crown Prince to visit Pakistan at their earliest convenience.

Sardar Ayaz Sadiq, Speaker National Assembly and Jam Kamal Khan, Minister of State for Petroleum and Natural Resources were also present.

Source: APP

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