Pakistan, Saudi Arabia prepare for major MoUs as minister arrives

MG News | October 10, 2024 at 11:12 AM GMT+05:00

0:00

October 10, 2024 (MLN): Pakistan and Saudi Arabia are set to sign important memorandums of understanding and mutual agreements across various sectors as the Minister for Investment of the Kingdom of Saudi Arabia, Sheikh Khalid Bin Abdul Aziz Al Faleh, arrives in Pakistan for a three-day official visit.

Federal Minister for Board of Investment Board, Privatization & Communications Abdul Aleem Khan, Federal Minister for Trade Jam Kamal Khan and Federal Minister for Petroleum Muhammad Musadiq Malik along with senior officials gave him a warm welcome at Islamabad Airport.

While welcoming the distinguished guest at Islamabad Airport, Federal Minister for Board of Investment Abdul Aleem Khan said that the arrival of Government officials and private companies from Kingdom Saudi Arabia for investment in Pakistan is a welcome step and this visit will be an important milestone in the investment sector for both the countries.

Federal Minister Abdul Aleem Khan said that this visit will also strengthen the deep-rooted ties between Kingdom of Saudi Arabia and Islamic Republic of Pakistan and promote mutual business activities.

Federal Minister Abdul Aleem Khan further said that the private companies of Pakistan are fully ready for investment and bilateral business from Saudi Arabia while the preparations for the visit of the Saudi officials have already been completed by the Ministry of Investment as well.

Describing the visit of Saudi Minister of Investment Sheikh Khalid Bin Abdul Aziz Al Faleh as very important Federal Ministers Abdul Aleem Khan, Jam Kamal Khan and Musadiq Malik were quite hopeful and expressed the expectation that this visit will be much beneficial in terms of results.

It is noteworthy that Saudi Arabia's Investment Minister Sheikh Khalid Bin Abdul Aziz Al Faleh will also call on with the President and Prime Minister of the country during his stay in Pakistan while he will also have important meetings with the business community in Islamabad.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	136,502.54 259.91M	1.64% 2202.77
ALLSHR	85,079.90 838.35M	1.26% 1061.74
KSE30	41,552.62 97.27M	1.81% 738.33
KMI30	193,330.76 84.69M	0.39% 741.60
KMIALLSHR	56,315.31 366.02M	0.43% 243.06
BKTi	38,498.08 37.91M	4.13% 1526.33
OGTi	28,138.38 5.66M	-0.36% -101.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	122,040.00	123,615.00 118,675.00	3510.00 2.96%
BRENT CRUDE	70.20	71.53 70.13	-0.16 -0.23%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.25 0.26%
ROTTERDAM COAL MONTHLY	108.75	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.12	69.65 68.07	-0.33 -0.48%
SUGAR #11 WORLD	16.51	16.67 16.39	-0.06 -0.36%