KARACHI: Leaders of the United Business Group (UBG) Chief Petron SM Tanveer, President Zubair Tufail, Chairman (Sindh) Khalid Tawab, Secretary General(Sindh) Hanif Gohar , Central core committee Member Mazher Ali Nasir and others view the ongoing visit of the Saudi Delegation to Pakistan, led by Foreign Minister Faisal Bin Farhan Al Saud, as a pivotal moment that will not only boost Pakistan’s economy but also attract other foreign investors to explore opportunities in the country. The visit is anticipated to kick-start formal economic processes, particularly in the export sector, which is crucial for bolstering foreign reserves and stabilizing the national economy.
The private sectors of both nations are poised to explore new avenues for collaboration across various sectors, including agriculture, textiles, IT, pharmaceuticals, mobile technology, sports equipment, minerals, and the Reko Diq Project. This broad spectrum of opportunities is expected to generate employment opportunities, contributing to both countries’ economic growth trajectories.
Saudi Arabia’s initial investment commitment of $5 billion is seen as a significant catalyst that will not only spur economic activity but also foster a conducive pro-business environment in Pakistan. The infusion of capital from Saudi Arabia is expected to pave the way for further investments from Islamic countries, which is imperative for Pakistan’s economic revitalization.
Moreover, Saudi investment is poised to elevate Pakistan’s regional standing, positioning the country as a hub of opportunities for investors. This not only enhances Pakistan’s image but also underscores its potential as an attractive destination for foreign investment.
