Pakistan and Saudi Arabia agreed on investment modalities

 The agreement on investment modalities between Pakistan and Saudi Arabia has paved the way for the ratification of the Free Trade Agreement with the Gulf Cooperation Council. The statement of the caretaker Federal Minister for Information Murtaza Solangi

Sunday, December 3, 2023

Islamabad (Urdu Point Newspaper Latest. 03 December 2023) Caretaker Federal Minister for Information, Broadcasting and Parliamentary Affairs Murtaza Solangi has said that investment methods have been agreed between Pakistan and Saudi Arabia. According to the details, in a statement, he said that the agreement on investment methods between Pakistan and Saudi Arabia has paved the way for the ratification of the Free Trade Agreement with the Gulf Cooperation Council.

The Caretaker Federal Minister for Information said that the free trade agreement between Pakistan and the Gulf Cooperation Council was pending for the last 19 years. Will be. Apart from this, Pakistan and the UAE have entered a new era of economic partnership which will have far-reaching results. It is a breath of fresh air, these views were expressed by the speakers while addressing the discussion held regarding the impact of the multi-billion dollar MoUs between Pakistan and the United Arab Emirates on the Pakistani economy.

Eminent Economist Faizul Haque said that on behalf of the Pakistani nation, the Government and people of the UAE congratulate the 52nd National Day, the recent developments between the two countries usher in a new era of economic partnership between Pakistan and the UAE. These agreements mark a new era of economic cooperation, regional stability and strategic cooperation between the two countries.

Rana Tahsin, an IT expert and exporter of IT services to other countries including the UAE, said that the leadership of the UAE has transformed its country into a global center of trade, tourism and technology, and Pakistan is also its brother. The vision of the country's leadership should be followed. There are more opportunities for cooperation between Pakistan and the UAE in various fields, which can be utilized by Pakistan to stabilize its economy. Success has been achieved and we must capitalize on our long-standing relationship with our brother country.

Well-known Pakistani tech entrepreneur, investor and patron of information technology startups Noman Saeed said that Pakistan and the United Arab Emirates (UAE) in the fields of energy, port operation projects, waste water treatment, food security, logistics, minerals and banking and financial services. After signing the relevant MoUs, these MoUs will provide opportunities for billions of dollars of investment from the UAE to Pakistan and help implement various initiatives of Pakistan's Special Investment Facilitation Council.

He said that Pakistan should give priority to the export of IT and its services in agreements with various countries, which can increase billions of dollars in Pakistani exports in a very short period of time. Pakistan is happy with the development of the United Arab Emirates. And the desire of the Pakistani nation is that we should also follow our brother country's economic success.