Pakistan has a lot of potential for economic growth and it should be highlighted effectively to attract foreign investors, said Ambassador of Saudi Arabia to Pakistan Nawaf Saeed Al Malkiy.

In a meeting with officials from the Islamabad Chamber of Commerce and Industry (ICCI) on Thursday, he said that Saudi Arabia wanted to see Pakistan turn into a growing economy.

“Saudi Arabia is interested to deepen commercial and investment cooperation with Pakistan,” he said, adding, “There is a need to focus on projecting positive things about Pakistan to highlight its true potential.”

He promised full support of the Saudi embassy in facilitating exchange of business delegations from Pakistan to Riyadh. He was of the view that exchange of business delegations between the two countries was the best way to explore all untapped areas of mutual collaboration.

He assured the businessmen to make efforts aimed at promoting trade cooperation between Pakistan and Saudi Arabia and cited that it would steer progress and prosperity for both nations.

Speaking on the occasion, ICCI President Sardar Yasir Ilyas Khan highlighted the importance of promoting direct business linkages between private sectors of both countries to explore new avenues of mutual cooperation.

For this purpose, he announced that a delegation of businessmen from ICCI would visit Riyadh to connect with Saudi counterparts for business collaborations. He added that the delegation would include major exporters and importers of Pakistan.

He detailed that the business group would represent various sectors including textiles and garments, pharmaceuticals, IT, agricultural products including halal food, dairy goods, rice, fruits and vegetables, cooking oil, surgical instruments, sportswear and leather goods.

The ICCI president also shared a list of major exporters and importers of Pakistan with Saudi ambassador and requested him to share it with the Saudi Arabian businessmen to steer collaboration in untapped sectors for promotion of bilateral trade and businesses.

Published in The Express Tribune, July 2nd, 2021.

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