Saudi Investors May Invest In Pakistan Petroleum Industry
The Saudi ambassador said Saudi investors consider Pakistan as a potential investment destination with particular interest in agriculture and petroleum sectors.
Speaking on the occasion, Masud said many sectors of Pakistan’s economy like energy, oil and gas, infrastructure development, minerals, agriculture etc offer plenty of investment opportunities and investors of Saudi Arabia should explore these areas for enhancing their investment and business interests in Pakistan.
He said though Pak-Saudi annual bilateral trade has crossed $4 billion, but still it is much below the potential found in two countries.
He said Saudi investment in natural resources found in Balochistan, NWFP and Sindh etc will create beneficial results for both the countries.
Chief Federation of Pakistan Chambers of Commerce and Industry Islamabad Office Mian Akram Farid said enhanced direct interaction between businessmen of the two countries could be the best option for increasing bilateral trade and economic relations and urged that both countries should work for facilitating frequent exchange of business delegations to explore new areas of mutual cooperation.
Via Daily Times
