President stresses need to boost trade volume with Saudi Arabia


Islamabad, Jan. 17 (TNS): President Mamnoon Hussain on Wednesday underscored the need for regular meetings between the investors and businessmen of Pakistan and Saudi Arabia to open up new avenues of investment and boost the relations between the two countries.

The President stated that the trade volume between the two countries is below its true potential which needs to be increased.

The President stated that Saudi vision 2030 is of great significance and it will play an important role in further strengthening the economy of Saudi Arabia.

He pointed out Saudi investor can benefit from the investment opportunities in the field of energy, construction and agriculture in Pakistan.

Meanwhile, Prime Minister Shahid Khaqan Abbasi says Pakistan attaches great importance to its relations with Saudi Arabia.

He was talking to Minister of Commerce and Investment of the Kingdom of Saudi Arabia, Dr. Majed  Abdullah Al-Qasabi who called on him in Islamabad today.

The Prime Minister said the relations between Pakistan and Saudi Arabia are not only important for the government but the people of Pakistan have a special affection for the Kingdom of Saudi Arabia and Khadim-e-al-Harmain Al-Sharifain.

The Prime Minister welcomed the holding of 11th Session of Pak-Saudi Joint Ministerial Commission, and expected that it will enhance and strengthen bilateral economic relations.

The substantive decisions taken during the meeting of the Pak-Saudi JMC were also discussed with the Prime Minister.