ISLAMABAD: President Mamnoon Hussain Tuesday urged upon Saudi investors to invest in Pakistan’s energy infrastructure and agriculture sectors.
In a meeting with Saudi parliamentary delegation led by Dr Abdullah bin Mohammed bin Ibrahim Al Sheikh Chairman of the Shura Council here at Aiwan-i-Sadr, the president said business-friendly environment in the country had encouraged foreign investment.
The president mentioned that the investment friendly policies included opening up of all sectors of economy for Foreign Direct Investment equal treatment of foreign and domestic investments liberal foreign exchange regime and one window operation.
Mamnoon expressed his satisfaction at cooperation of two countries at regional and international form and said the relations between the two brotherly countries were deep-rooted in common faith culture history and heritage.
The government and the people of Pakistan hold the Royal Family in high esteem and have highest respect for the custodian of the two holy mosques King Salman Bin Abdul Aziz Al Saud, he said.
The president termed the large Pakistani community in Saudi Arabia as a human bridge between the two brotherly countries and added that they were playing an important role in the development of both Pakistan and Saudi Arabia. President Mamnoon Hussain expressed satisfaction on the level of Pak Saudi defence cooperation and the training facilities being offered for Muslim countries at the Pakistani defence institutions.
He said Pakistan had welcomed the formation of 35-nation coalition to counter terrorism and extremism and reiterated the country’s commitment for peace in cooperation with other region countries particularly Saudi Arabia. The president assured that Pakistan will stand by Saudi Arabia in the event of any threat to its territorial integrity.
Dr Abdullah bin Mohammed bin Ibrahim Al Sheikh, Chairman of the Shura Council, said Pakistan and Saudi Arabia are bound together in strong bonds of common religion and culture and that Saudi Arabia accords highest priority to good relations with Pakistan. He conveyed to President Mamnoon the best wishes of King Salman bin Abdul Aziz Al Saud and the crown prince for the government and the people of Pakistan.
President Mamnoon extended an invitation to King Salman bin Abdul Aziz Al Saud and the crown prince to visit Pakistan at their earliest convenience. National Assembly Speaker Ayaz Sadiq and Minister of State for Petroleum and Natural Resources Jam Kamal Khan were also present.