Home / Latest / New chapter begins in Pakistan, Saudi Arabia bilateral ties: Razak Dawood | Enterprise

New chapter begins in Pakistan, Saudi Arabia bilateral ties: Razak Dawood | Enterprise

Saudi funding in Pakistan is very vital for nation’s progress and economic system, says PM’s adviser. Picture: Geo Information screengrab

ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood on Monday mentioned a brand new chapter has begun in bilateral relations of Pakistan and Saudi Arabia.

Addressing the Pak-Saudi Enterprise Convention in Islamabad, the adviser to the premier mentioned, “Saudi funding in Pakistan is very vital for optimistic trajectory of the nation’s progress and economic system.”

Stating that “Saudi Arabia is a accomplice of Pakistan in its journey of prosperity”, Razak Dawood mentioned, “Funding in mining and mineral improvement from Saudi traders will probably be extremely appreciated.”

For the previous few years, we now have been transferring within the route of enhancing energy shortages and infrastructure. Chinese language authorities has helped us on this work, he mentioned. “Our relationship with Saudi Arabia is escalating in a unique route and at a unique stage. The Saudi announcement of giant funding in varied sectors of Pakistan will enhance our economic system,” he added.

Razak Dawood vowed, “Saudi traders and companies will probably be offered all out services of their ventures.”

Saudi Minster for Commerce Majid Al-Qassabi additionally spoke on the event and mentioned, “Pak-Saudi relations are transferring in a brand new and optimistic route.”

“The Saudi crown prince has expressed need to show the bilateral relations with Pakistan right into a strategic partnership. MbS has additionally requested to present assurances that Pakistan and Saudi Arabia are companions in improvement,” the Saudi minister for commerce added.

“Our bilateral commerce quantity stands at $3.7 billion {dollars} with a rise within the final 15 years; nevertheless, this nonetheless wants enchancment,” Majid Al-Qassa mentioned.

Upholding that “we have to market issues proper and entice traders from either side”, the Saudi minister for commerce said, “For this we’ll frankly talk about the alternatives and challenges to achieve fruitful outcomes.”


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