Minister and Advisor, Saudi Royal Court calls on Finance Minister

Islamabad, May 23, 2016 (PPI-OT):Finance Minister Senator Mohammad Ishaq Dar received, Mr. Ahmed Al-Khateeb, Minister and Advisor, Saudi Royal Court for a meeting here on Monday. Finance Minister while welcoming the visiting Saudi dignitary said both the countries are bound by strong feelings of Islamic brotherhood and enjoy exemplary ties. He said the present government led by Prime Minister Mohammad Nawaz Sharif wishes to further consolidate the brotherly relations and take them to even greater heights, encompassing all important spheres of cooperation.

Finance Minister exchanged views with the Saudi Advisor on enhancing economic cooperation between the two countries with particular emphasis on augmenting bilateral trade. He also had discussion with the visiting Saudi dignitary about investment opportunities in Pakistan, particularly in petrochemical and energy sectors and said that the Saudi government, investors and public sector organizations are welcome to explore these opportunities.

He said that the improved economic and security situation and implementation of government’s infrastructure related plans is attracting the attention of foreign investors. Finance Minister said that Pakistan offers the most liberal investment regime and Saudi investors are most welcome to take advantage of it for mutual benefit of the two countries.

Mr. Ahmed Al-Khateeb said that Saudi government would encourage different Saudi companies to explore investment opportunities in Pakistan. He shared the desire of the Saudi leadership with the Finance Minister for increasing efforts to enhance economic cooperation which could be reflective of the deep rooted relations between the two countries. The Minister thanked Mr. Al Khateeb for his visit and asked him to convey his best wishes and respects to Khadim al Haramain Shareefain and the Saudi leadership.

For more information, contact:
Director General (Media)
Nadeem Haider Kiani
Ministry of Finance
Government of Pakistan
Room # 514, Block-‘Q’, Finance Division,
Pak. Sectt. Islamabad
Tel: +92-51-9211707, +92-51-9208281, +92-51-9206382
Fax: +92-51-9210877
Email: so_coord1@finance.gov.pk