Islamabad March 10 2022: Federal Minister for Finance and Revenue Mr. Shaukat Tarin held a meeting with Mr. Azfar Ahsan, Chairman BOI and H.E Ameer Khuram Rathore, Ambassador of Pakistan to Kingdom of Saudi Arabia at Finance Division today. Other senior officers also participated in the meeting.
The members shared their insights about the avenues for investment opportunities for Saudi investors in Pakistan. Both Ambassador of Pakistan to Saudi Arabia and Chairman BOI shared that Saudi government as well as investors are keenly interested for investment in Pakistan. There exists huge business potential for investment between both countries at government-to-government, government-to-business and business-to-business levels. Saudi business community is avidly looking toward Pakistan for business.
The investment avenues are being offered in various sectors of the economy. These avenues majorly include refinery, agriculture, IT sector and semi-conductor manufacturing sectors. The Finance Minister also advised BOI to enhance focus on project development in consultation with respective ministries and the provincial government. He also urged to finalize discussion with prospective investors in Saudi Arabia. The Finance minister appreciated the efforts being made by Pakistan’s Embassy in Saudi Arabia for playing as the government’s interface. He also assured complete support of Ministry of Finance to BOI and the Embassy for their internal capacity building efforts.
