Islamabad seeks investment from Riyadh, Doha

ISLAMABAD: Pakistan has discussed with Saudi Arabia and Qatar the potential for increased collaboration and investment in the various sectors.

Finance Minister Shaukat Tarin held virtual meetings with Saudi Investment Minister Khalid Al-Falih and Qatari Minister for Energy Saad Sherida al-Kaabi separately on Wednesday.

In the virtual meeting with Saudi Investment Minister Engr Khalid Al-Falih, both sides highlighted deep-rooted bilateral ties and cordial relationship between the two countries.

The two sides discussed the potential for increased collaboration and investment in the various sectors including agriculture, food security, information technology, infrastructure development, and refinery. Both sides vowed to extend business and economic ties.

The Saudi minister was also apprised that the present government is providing incentives to attract and facilitate foreign investors.

The Saudi minister expressed the need for greater mutual investments in different fields.

Board of Investment Chairman Muhammad Azfar Ahsan and other senior officers also participated in the meeting.

Tarin also held a virtual meeting with Minister for Energy and Chief Executive of Qatar Energy Saad Sherida al-Kaabi. Both sides discussed ways and means on promoting bilateral and economic ties between two countries. The issues for setting up of the LNG terminal in Pakistan came under discussion in the meeting.

The finance minister assured the Qatar energy minister of all possible support to resolve the issues for facilitating the State of Qatar’s investment in Pakistan.

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