Islamabad: On Monday, Pakistan and Saudi Arabia reviewed issues of mutual interest and decided to boost economic and business connections between the two countries. Shaukat Tarin, the Federal Minister of Finance and Revenue, met with Nawaf Bin Said Al-Malki, the Saudi Arabian Ambassador, who had paid him a visit at the Finance Division.
While extending a warm welcome, Tarin emphasized that Saudi Arabia has always backed Pakistan, and the two nations’ bilateral connections are established in centuries of religious, cultural, and commercial ties. He stated that a huge number of Pakistani expatriates work in many industries and are a valuable asset to the country, and that remittances from overseas Pakistanis help to enhance the country’s economy.
The Saudi ambassador was also informed by the finance minister about the possibility of enhanced cooperation between the two nations in the areas of agriculture and food security. Saudi Arabia is opening up to foreign investment, according to the Saudi ambassador, who also underlined the importance of increasing mutual investments in several industries.