‘Saudi investment to uplift economy’

ISLAMABAD: The SAARC Chamber of Commerce and Industry (SAARC CCI) on Monday termed Saudi Arabia’s investment packages for Pakistan, a timely and great opportunity for economic uplift of the country, and urged the Saudi investors and businessmen for generous investment in different sectors, as it was a safe haven for foreign investment.Talking in a business-to-business meeting, SAARC CCI Senior Vice President IftikharMalik said that the Saudi investment in Pakistan would enhance opportunities for the merchants of both the sides, which would subsequently boost bilateral trade between the two countries.

He also acknowledged the steady support extended by Saudi Arabia to Pakistan in these difficult times, and said there was an urgent need to strengthen the bilateral relations on the trade front too.

Malik said that there is a great potential of foreign investment in Pakistan and owing to government’s investor-friendly policies, foreign investment was pouring into the country.

Pakistan was a cheaper country with regard to human resources and labour and if Saudi Arabia invests in Pakistan, it would get maximal benefit, he said.