Pakistan aims high as Saudi investors arrive
ISLAMABAD: A key Saudi delegation comprising dozens of investors has arrived in Islamabad on a three-day visit to explore investment opportunities, as Pakistan aims to court foreign investors to boost its exports in collaboration with Saudi companies. The delegation led by Saudi Deputy Investment Minister Ibrahim Almubarak was welcomed by Commerce Minister Jam Kamal and Petroleum Minister Musadik Malik at the Nur Khan airbase, according to a press release issued by the Ministry of Commerce. According to the commerce minister, the purpose of the visit is to enhance trade ties between investors from both countries and identify trade and investment opportunities across various sectors of national economy. He said the ministry picked several Pakistani companies for business-to-business (B2B) meetings with the Saudi investors and disclosed that “leading” Pakistani companies would collaborate with at least 30 Saudi companies across different sectors. During the meetings, local companies will present their business and investment proposals to their Saudi counterparts.