ISLAMABAD: The 2024 Saudi-Pakistani Business Forum was held on Thursday in the Pakistani capital of Islamabad, attended by Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih, Pakistani Deputy Prime Minister and Minister of Foreign Affairs Ishaq Dar, and a large number of entrepreneurs and investors from both nations, according to the Saudi Press Agency.
On the sidelines of the forum, several memoranda of cooperation were inked between businessmen from the two nations, covering a wide range of sectors, including energy, food, agriculture, information technology, mining, and other vital areas.
Delivering a speech at the forum, Al-Falih has emphasized that the Kingdom of Saudi Arabia (KSA) places great significance on its relationship with Pakistan, noting that Pakistan has the potential to become a high-return, low-risk investment destination, and it is a main investment hub for the investors of Saudi Arabia.
Eng. Khalid bin Abdulaziz Al-Falih Lauds SIFC
He also lauded the economic initiatives of the Pakistani government, especially the establishment of the “Special Council for Investment Facilitation” (SIFC) as an important platform to facilitate investment processes.
He said that the volume of bilateral trade between the two countries reached $5.4 billion. For his part, Ishaq Dar has reaffirmed his nation’s commitment to enhancing economic and investment cooperation with the Kingdom of Saudi Arabia, expressing gratitude to the leadership of the Kingdom of Saudi Arabia for its steadfast and continuous support for Pakistan, especially during recent economic challenges.
