Saudi Investors are Interested in Food and Steel Sectors; Mr. Abdullah Marzouq Al-Zahrani

Islamabad: Saudi Arabian Ambassador to Pakistan Mr. Abdullah Marzouq Al-Zahrani said Saudi Arabian investors are interested in investment and joint ventures in various sectors of Pakistan. He suggested that the steel manufacturing and food processing are potential areas for joint ventures between the two countries. Saudi Ambassador expressed these views during his meeting with the Minister for Commerce Engr. Khurram Dastgir Khan here on Monday.

Responding  the Ambassador of Saudi Arabia Mr. Abdullah Marzouq Al-Zahrani, the Minister for Commerce Engr. Khurram Dastgir Khan said that the Pakistan will launch a grand marketing campaign in Saudi Arabia focusing of the huge South Asian Diaspora and the native Saudi population to create awareness about Pakistani products.

Engr. Khurram Dastgir Khan informed the Saudi Envoy that Pakistan is planning to host a Saudi investors’ conference in Islamabad in order to apprise Saudi investors regarding the emerging business opportunities in Pakistan especially in the fields of food, Textile and other areas. Saudi Ambassador welcomed the Pakistani move and assured the Minister for Commerce his full cooperation in this regard.

Mr. Dastgir also held meeting with the Mr. Omer Zakhilwal, Ambassador of Afghanistan to Pakistan and discussed issues regarding bilateral and transit trade. The two sides agreed to hold a high level meeting involving all the stake-holders to discuss issues faced by traders of both countries at operational level.

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The Minister said that Pakistan attaches high priority to the enhancement of regional trade and undertook several measures last year which resulted in increase in number of Afghan transit cargo over the past few months. He said that the Gawadar-Chaman Road constructed under the CPEC will provide a short link to Afghanistan and Central Asian countries to access ports and enhance trade with the outside world.

The Ambassador of Uzbekistan to Pakistan Mr. Furkat Sidikov informed the Commerce Minister that Uzbekistan would start direct passenger and cargo flights from Lahore to Tashkent twice a week from 20th July this year. This will promote the export of perishable goods especially bananas and mangoes which Uzbekistan used to import from Latin American countries could now be imported from Pakistan because of the availability of direct flights.

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Mr. Sidikov said that Uzbekistan grows some finest quality cotton which could feed the sophisticated textile industry of Pakistan manufacturing their products for the high-end fashion consumers of the West. He said that Uzbekistan specializes in agricultural tools and machinery and will hold an exhibition this year in Lahore to display the whole range of its agri-machinery.

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