CPEC: Pakistan urges Saudi Arabia to invest in SEZs

Islamabad: Pakistan has urged Saudi Arabia to invest in the Special Economic Zones (SEZs) being built under the China-Pakistan Economic Corridor (CPEC).

In a meeting with Ambassador of Saudi Arabia Nawaf Bin Said Al-Malki here, Federal Minister for Finance and Revenue Shaukat Tarin mentioned the massive opportunities offered by the CPEC SEZs.

The two sides agreed to further strengthen economic and business ties between the two brotherly countries. According to an official statement issued by the finance ministry, both the sides discussed matters pertaining to mutual interest.

On the occasion, Shaukat Tarin highlighted that Saudi Arabia had always supported Pakistan and the bilateral ties were rooted in centuries old religious, cultural and commercial links between the people of both the countries.

Moreover, he noted that a large number of Pakistani expatriates were working in different fields and were a great asset for the country. The overseas Pakistanis play pivotal role in our economy through remittances, he added.

The finance minister apprised the ambassador about the potential for increased collaboration between the two countries in the areas of agriculture and food security.

The Saudi Ambassador stated that Saudi Arabia was opening up to foreign investments and stressed upon the need for increase in mutual investments in different fields.