PM’s KSA Visit Termed Tremendously Important: Mian Zahid Hussain
Umer Jamshaid Published May 10, 2021 | 03:04 PM
Both countries agreed to exploit existing potential,Investors from both sides will be facilitated
Karachi (UrduPoint / Pakistan Point News - 10th April, 2021) Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the visit of Prime Minister Imran Khan to Saudi Arabia was tremendously important for both the brotherly nations.
The main focus of the visit was increased economic cooperation, facilitation of greater investment and trade and improved bilateral relations to exploit the existing potential.
Mian Zahid Hussain said that the Prime Minister Imran Khan desired cemented relations with KSA which is hosting two million Pakistanis contributing to the development of the friendly nation and sending foreign exchange through remittances and Roshan Digital Account.
Talking to the business community, the veteran business leader said that an agreement for the establishment of the Supreme Coordination Council to institutionalize and nurture the political, security and most economic cooperation is also an achievement.
Both sides have agreed to build a stronger investment climate between the two nations to facilitate investors from both sides as presently not among top five countries trading with Pakistan.
Saudi side also lauded the green initiatives of Pakistan and hoped that both the countries will learn from each other and benefit from each other’s experiences for a better future.
It may be mentioned that Saudi Arabia had undergone significant labor reforms that include allowing the workers to transfer their work from one employer to another and open up opportunities for Pakistani nationals as well as businesses.
They also decided to counter the dangerous trend of Islam phobia and decided that OIC should be used to address the issue of increasing intolerance which is creating problems.
The Saudi side lauded Prime Minister’s role for settling escalating tone of disrespect of Islam and Muslims which needed to be addressed and added that Saudi Arabia was working closely with PM Imran Khan to address the concerns.
Related Topics
Recent Stories
Azad Jammu Kashmir Prime Minister Chaudhry Anwar ul Haq condoles over the demise ..
Senior Army Commanders visit families of customs' martyrs to condole
Poland-Pakistan corporation established on solid foundations: Polish envoy
Chairman Senate passes ruling to constitute Special Committee of Upper House
Stocks fall as tech shares sink, US economy slows
Honda announces US$11 bn EV battery and vehicle plant in Canada
All AJK Inter-varsity Speech Competition urges UNO to ensure early grant of righ ..
AJK CEC calls on President Sultan Chaudhry
Assistant Secretary General of UNDP, Director of Regional Bureau for Asia & Paci ..
Portugal marks 50 years of democracy with far right on the rise
IHC suspends notification regarding cut in prices of 'naan & roti'
More Stories From Business
-
Stocks fall as tech shares sink, US economy slows
21 minutes ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
2 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
2 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
2 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
2 hours ago -
Zhao Shirin calls on Punjab Industries Minister
2 hours ago
-
CEO APM Terminals calls on Finance Minister
2 hours ago -
SACM visits GTVC checks attendance register
2 hours ago -
CEO APM Terminals meets Commerce Minister
2 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
3 hours ago -
Pakistan's total liquid foreign reserves reach $ 13.28 billion
3 hours ago -
RDA inflows rise to $7.660 bn in March 24
3 hours ago