Saudi Foreign Minister Prince Faisal Bin Farhan Al Saud has said there is a significant opportunity to increase the level of investments in Pakistan.
Addressing a joint news conference along with Foreign Minister Ishaq Dar in Islamabad this evening, he said the Kingdom of Saudi Arabia strongly believes in the potential of Pakistan especially in the economic sphere.
Describing his visit to Pakistan as very positive and productive, the Saudi Foreign Minister said the engagements of his delegation with the Pakistani side have laid the framework for significant and important work to be done in the next few months to achieve the potential that exists.
He said his visit to Pakistan would deliver significant benefit in the upcoming months.
He said they are extremely impressed and encouraged by the proactive approach during meetings with Pakistani side especially the Special Investment Facilitation Council (SIFC).
He said this new intergovernmental and business-focused approach has given us a lot of confidence.
Faisal Bin Farhan Al Saud said both the countries will continue to work together for economic prosperity as well as security of the region and the world.
He said we have stressed on the commitment to further exploring avenues to deepen and strengthen this relationship.
The Saudi Foreign Minister was appreciative of the contributions made by Pakistani expatriates in the development of Saudi Arabia.
In his remarks, Foreign Minister Ishaq Dar said Pakistan greatly appreciates the keen interest of Saudi Arabia in enhancing investments in Pakistan.
He said this visit provided the Saudi delegation with the first-hand experience of SIFC which serves as a one window platform for the fast track decision making and promoting and facilitating foreign direct investment. .
He said Pakistan is committed to strengthen investment processes, upgrading regulations and enhancing infrastructure to foster a flourishing economic environment and establishing Pakistan as a hub for investment inflows from Saudi Arabia and other friendly countries.
The Foreign Minister reaffirmed the determination to providing Saudi investors full support, relevant safeguards and conducive environment for investment.
He said Prime Minister Shehbaz Sharif has directed the SIFC and other relevant ministries to move forward on investment projects in a diligent and time bound manner.
Ishaq Dar said we are aiming to converting this relationship into a viable, strategic and economic partnership.
Responding to a question about the situation in Gaza, the Saudi Foreign Minister said the situation there is unacceptable.
Calling for immediate ceasefire, he said there is no justification for the restriction of humanitarian aid entering Gaza.
