Pakistan will provide special incentives for Saudi investors for investing in different sectors of national economy particularly in energy generation, oil and gas exploration and food processing to promote bilateral trade and investment relation between two countries.
In this regard, a memorandum of understanding (MoU) was signed between Board of Investment (BoI) and Pak-Saudi Joint Chamber of Commerce and Industry on Monday.
Under the agreement, BoI will facilitate the potential investors of Saudi Arabia where as Joint chamber will identify and bring the potential investors in different sectors of national economy for investment.
The MoU will also enable the local investors for investing in Saudi economy and exploit the true trade potential particularly in information technology and agri-sectors of both the countries.
BoI Secretary Iftikhar Babar and Pak-Saudi Chamber of Commerce and Industry President Mian Mehhmood signed the agreement on behalf of their respective organizations.
Speaking on the occasion, the BoI secretary highlighted the investment friendly policies of the government and called upon the Saudi investors to take benefit from the lucrative investment opportunities in various sectors of national economy for their own benefit and development of both the countries.
We welcome their investment – as long as they don’t send mullahs along with their investments.
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