During the two-day Pakistan-Saudi Arabia Investment Conference in Islamabad, Saudi Deputy Investment Minister Ibrahim Almubarak emphasized Pakistan's significance as a top economic, investment, and business opportunity for Saudi government and companies.
Almubarak underscored Saudi Arabia's belief in Pakistan's economic potential, citing its strategic location, demographic dividend, and abundant natural resources. He reaffirmed Pakistan's status as a major strategic partner for Saudi Arabia, rooted in shared faith, culture, and values.
The conference provided a platform to deepen understanding of investment opportunities in Pakistan, with Almubarak expressing confidence in elevating bilateral partnership to new heights across public and private sectors.
Acknowledging the significant contributions of approximately two million Pakistanis residing in Saudi Arabia to the Kingdom's Vision 2030, Almubarak highlighted the symbiotic relationship between the two nations.
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Finance Minister Muhammad Aurangzeb reiterated the government's commitment to facilitate the private sector for export-led growth, emphasizing efforts to attract foreign direct investment across various sectors. He provided a positive overview of Pakistan's economic trajectory, citing growth in agriculture GDP, stable local currency, declining inflation, and rising foreign exchange reserves.
Minister for Petroleum Musadik Masood Malik emphasized collaboration between Pakistani and Saudi private sectors to diversify the economy and enhance value addition, particularly in sectors such as mines and minerals, tourism, and agriculture.
A fifty-member Saudi Arabian business delegation attended the conference to explore investment opportunities and foster stronger ties with local entrepreneurs. Minister for Commerce Jam Kamal Khan assured full facilitation to investors, highlighting the government's commitment to transforming the economic landscape.
National Coordinator of Special Investment Facilitation Council Lieutenant General Sarfraz Ahmad expressed gratitude for Saudi Arabia's unwavering support to Pakistan and emphasized the SIFC's role in stimulating investment and achieving macroeconomic stability. He assured prioritized support for Saudi investors and underscored Pakistan's commitment to providing a secure environment for all investors.