Finance Minister Muhammad Aurangzeb on Friday said Saudi investors are welcome in Pakistan and it is the government’s responsibility to ensure a conducive environment for investment.
In a virtual speech, Aurangzeb stated: “Saudi Arabia’s Vision 2030 is gaining unique status globally and we are learning a lot from it.”
He noted that three major global credit rating agencies had given positive assessments of Pakistan’s economic indicators, indicating “improving investor confidence. The government is now committed to pursuing export-led economic growth.”
The minister said Islamabad was carrying out fundamental reforms in key economic sectors, including energy and taxation, and that progress was being made in consultation with relevant stakeholders. He credited these efforts with helping to stabilize the national economy.
However, the Finance Minister acknowledged that the rehabilitation of flood-affected communities remains a major challenge.
Read: Sindh CM woos Saudi businessmen to invest in energy, agriculture sector
Prince Mansour bin Mohammed Al Saud recently signed a Memorandum of Understanding (MoU) with Pakistani investor Sherharyar Chishti for the acquisition of a majority stake in KES Power Ltd, the parent company of K-Electric, which owns a 66.4% stake in the utility.
Sindh Chief Minister Murad Ali Shah had invited Saudi companies to explore investment opportunities in the province’s agriculture, energy, infrastructure, logistics and industrial sectors, according to the Associated Press of Pakistan (APP).
The delegation included Saudi Ambassador Nawaf bin Saeed Ahmad Al-Malki, along with more than 30 prominent businessmen and investors representing sectors such as energy, agriculture, livestock, mining, construction, logistics and finance.
