President Alvi for enhancing Pak-Saudi cooperation in economic, defence sectors

President Dr Arif Alvi on Friday said Pakistan highly valued its relations with Saudi Arabia and was committed to enhancing bilateral economic, investment and defence ties.

Talking to the visiting Chief of General Staff of the Saudi Armed Forces General Fayyadh bin Hamed Al-Ruwaili, who led a delegation here at the Aiwan-e-Sadr, he said Pakistan was looking for investment from Saudi Arabia and other countries in diverse fields.

President Alvi mentioned that Pakistan had huge potential in four key sectors including agriculture, information technology, energy and mining.

In this regard, a Special Investment Facilitation Council (SIFC) has been set up to serve as a one-window platform to fast-track decision-making and facilitate foreign direct investment. Expressing satisfaction at the existing level of Pak-Saudi bilateral cooperation, the president said that the high-level exchanges of military leadership of the two countries would further boost defence cooperation.

Alvi said he was highly impressed by the vision of Saudi Crown Prince Mohammad bin Salman that led to the normalisation of relations between the Kingdom and Iran, which he said, was essential to bring peace and prosperity to the region.

He said Saudi Arabia always supported Pakistan at difficult times and emphasized that the brotherly countries enjoyed excellent relations in various fields and had commonality of views on various regional and international issues.

The president thanked the Saudi leadership for providing financial support to Pakistan to help it deal with its economic challenges. The president lauded the role of Saudi Arabia on the platform of the Organization of the Islamic Cooperation (OIC) in highlighting the plight of the Muslims in Palestine, Kashmir and Afghanistan.

ePaper - Nawaiwaqt