UPON the special instructions of the Saudi Crown Prince, Mohammed bin Salman, a delegation of investors from the Kingdom arrived in Pakistan last week. The 50-member Saudi delegation included representatives of 30 companies from various sectors including technology, energy, aviation, construction, mining, and human resources. The purpose of the visit was to create bilateral jobs and promote exports. Big businessmen of Balochistan province have also completed preparations to deal with the Saudi business delegation. Saudi Arabia and selected big businessmen of Pakistan are determined to increase a wide range of exports. For the first time, trade deals among the investors of the two countries will be settled directly.
Prime Minister Shehbaz Sharif has championed foreign investment to propel remarkable economic growth in the country. To spur economic expansion and forge international partnerships, the Pakistani Premier has unveiled a comprehensive plan to attract foreign investment. During a recent address to business leaders and diplomats, the Prime Minister underscored Pakistan’s strategic location, abundant resources and skilled workforce as compelling reasons for international investors to consider Pakistan a lucrative investment destination. Establishing a conducive business environment by streamlining regulations, improving infrastructure and ensuring investor protection is the pressing need of the hour. Additionally, various incentives, including tax breaks and........