April 2, 2019: A delegation of Saudi investors and businessmen will visit Pakistan this month to tap new prospects of mutual investment in the field of furniture industry and further strengthen the existing bilateral trade relations with their Pakistani counterparts.
This was stated by Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq in a board of directors’ meeting held here Tuesday,” says a press release issued on Tuesday.
He said this tour was the continuity of that initiative taken on the eve of Saudi Crown Prince Muhammad bin Salman’s official visit in Pakistan.
He said during business to business meeting, Saudi investors and businessmen showed keen interest for Investment in Pak handmade world class traditional furniture and underlined the need of further enhancing collaboration with the Pakistan Furniture Council (PFC) to promote furniture business between both the Islamic countries.
He hoped that the visit would link business leaders, researchers and investors of the two countries and help identify potential organizations to partner and developing successful regional economic strategies and support regionally vital businesses,
He said Saudi Arabia had shown a keen interest too in CPEC besides furniture in accordance with their Vision 2030, which aimed to diversify the economy with energy mega projects to reduce oil dependency.
He further said both the sides agreed in principle that they would simplify business-to-business interaction besides holding exhibitions of furniture products in each other’s countries.
Mian Kashif further said this tour would help forge unity among Muslim Ummah which was an urgent need of the hour for boosting mutual trade among Muslim countries to cope with global economic challenges effectively.
He appreciated Prime Minister Imran Khan for deciding to play active role for revival of the economy and started inviting foreign investors and buyers and to boost the volume of the exports.
He said Saudi Arabia was a big deal for Pakistani furniture producers after UAE as there was great potential of expanding furniture trade as Pakistani handmade traditional furniture was at higher demands in international markets.
The PFC Chief said Saudi Arabia was our true friend and brotherly country while every Pakistani considered Saudi Arabia as his second home. Both the countries were connected with each other through religious, cultural and economic linkages which provided fresh impetus to their relations, he added.
He pointed out that Pakistan was one of the best countries in terms of investment opportunities and Saudi furniture makers and investor could benefit from the investment opportunities in furniture sector, construction and agriculture.