Prime Minister (PM) Shehbaz Sharif promised on Monday that his government would fully support the Saudi investment, allowing the investors and businesspeople to use joint ventures to quickly complete their future projects in Pakistan and replicate them for the benefit of the people of both countries.
At a dinner event held in honor of a visiting delegation from the Kingdom of Saudi Arabia, the prime minister stated that time was of the essence and emphasized that in order to fully capitalize on this opportunity, they would need to overcome the obstacles. The Saudi leadership, along with prominent investors and businessmen, wished to promote Pakistan’s interests.
Federal ministers, the Saudi ambassador to Pakistan, members of the delegation, top officials, and Chief of Army Staff General Syed Asim Munir were all present at the ceremony.
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The prime minister emphasized that the government’s role was to provide policy frameworks, act as catalysts, and remove any obstacles in the way of the swift achievement of economic aims rather than to engage in business.
In order to facilitate foreign investment, he declared, the administration has decided to remove all red tape and bureaucratic obstacles.
In order to accomplish all those projects in the best interests of Saudi investors and the people of Pakistan, the prime minister claimed that the Special Investment Facilitation Council (SIFC) was the most reliable and comprehensive tool available, further solidifying their alliance and fostering mutual progress.
He remarked that the Saudi delegation found the SIFC to be an acceptable model and expressed complete satisfaction with the current opportunities.
The prime minister declared that the Saudi investors might profit from a variety of initiatives and that the possibilities would only expand if they were given a system free from complications, red tape, and bureaucratic roadblocks.
PM Shehbaz conveyed his satisfaction with the firm and observable progress made during the delegation’s meeting with their Pakistani counterparts.
According to him, they will soon see strong agreements involving investments of billions of dollars.
The prime minister recalled his visit to the Kingdom of Saudi Arabia during Ramadan ul Mubarak. He described his meeting with Mohammed bin Salman, the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, as “a wonderful interaction and he was extremely encouraged and deeply impressed with his forward-looking vision that transformed KSA in many ways to come, whether it was in agriculture, education, IT, communication and infrastructure, youth empowerment and all inclusive policies.”
With the fastest-growing economy in the world, the newest transportation and infrastructure, job opportunities, and remarkable advancements in every area of life, the Kingdom of Saudi Arabia is now among the most advanced nations in the world thanks to the energetic and innovative leadership of the Crown Prince, he continued.
According to the prime minister, the interactions between the Saudi delegation and its Pakistani counterparts would strengthen the ties of friendship and fraternity and enable them to reach new heights.
Through good times and bad, the Kingdom of Saudi Arabia has consistently supported Pakistan. He said, “If we were to express our gratitude, it would not be enough for their kindness over the past 70 years.
According to him, thirty years ago, Pakistan could provide training to its Saudi brethren in several fields; however, with greater experience and vast potential, the Kingdom of Saudi Arabia could now train Pakistanis well.
Ibrahim Al Mubarak, the Saudi Assistant Minister for Investment, praised the prime minister for his cordial hospitality on the occasion.
Under the direction of their leadership, they moved quickly to explore a collaboration with Pakistan, he added, adding that their visit was a testament to their deep friendship and strategic partnership, both of which were very essential.
In addition, he praised the business sector’s response to their interactions and expressed his belief that the two brotherly nations could work together to accomplish common economic goals because of their great ties.
