ISLAMABAD : The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday asked the investors from Kingdom of Saudi Arabia (KSA) to focus on Pakistan’s promising processing sector. Pakistan’s energy sector, especially Thar coal offers great opportunities and matchless returns, said acting President FPCCI Shaukat Ahmed. Speaking to a delegation of businessmen accompanying visiting Saudi Crown Prince Salman Abdul Aziz Al-Saud, he said that our relations have grown steadily irrespective of governmental changes and we have reason to believe that our ties would follow a new trajectory.
Shaukat Ahmed informed that trade with KSA constitutes nine per cent of our overseas trade while the brotherly country hosts about two million Pakistanis sending billions of dollars as remittances to reduce budget deficit.
Lauding the KSA’s assistance in two major hydel power projects he invited the Saudi investors to invest in different sectors including energy and processing industry.
Despite leading producer of different food items, only 4 to 5 per cent milk, and a fraction of meat, dates and other items are processed, he informed adding that we need to collaborate in engineering, medical equipment, services, training sectors.