Finance Minister Muhammad Aurangzeb on Friday said Saudi investors were welcome in Pakistan and it was the government’s responsibility to ensure a conducive environment for investments.
In a virtual address, Aurangzeb said: “Saudi Arabia’s Vision 2030 is gaining a 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, signaling “improving investor confidence.” The government is now determined to pursue export-led economic growth.”
The minister said Islamabad was undertaking fundamental reforms in key economic sectors, including energy and taxation, and progress was being made in consultation with relevant stakeholders. He credited these efforts with contributing to the stabilization of the national economy.
However, the Finance Minister acknowledged that the rehabilitation of flood-affected communities remains a significant challenge.
Read: Sindh CM urges Saudi businessmen to invest in energy, agriculture sectors
Prince Mansour bin Mohammed Al Saud recently signed a memorandum of understanding with Pakistani investor Sherharyar Chishti to acquire a majority stake in KES Power Ltd, the parent company of K-Electric, which owns a 66.4% share of 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, as well as more than 30 leading businessmen and investors representing sectors such as energy, agriculture, livestock, mining, construction, logistics and finance.
