ISLAMABAD

Finance Minister Ishaq Dar who was on a short official visit to Saudi Arabia met in Riyadh the team nominated by His Majesty, Custodian of the two Holy Mosques, King Salman bin Abdul Aziz Al-Saud.
The team was led by Saudi Minister, Dr. Musaad Ali Alaiban. The Finance Minister, on behalf of the Prime Minister, conveyed condolences over the Mina tragedy and hoped that the 18 Pakistanis who were still missing would be traced soon. Dr. Musaad assured that the Saudi Government was working on the matter and everything possible would be done to trace the missing Pakistanis. Minister Dar thanked the Saudi government for its cooperation in the matter. During the course of discussion, the Saudi side appreciated the economic turnaround achieved by Pakistan under the leadership of Prime Minister, Muhammad Nawaz Sharif and the economic team led by Finance Minister. They said the economic reforms initiated by the Government had led to stability in Pakistan’s economy which was now well set on the path of growth and employment generation.
Finance Minister expressed the desire for enhanced Pak-Saudi Economic cooperation. He added that Pakistan offered a liberal investment regime and prospective Saudi investors should make full use of it. The Saudi side, while acknowledging Pakistan’s investment potential, expressed keen interest in investing in petro-chemicals, energy and other projects in Pakistan.
Dr Musaad on this occasion also lauded the role of Pakistani community in the economic development of Saudi Arabia. The Finance Minister hoped that Pakistanis will continue to contribute to the economic development of the Kingdom and serve as bridge of friendship between the two brotherly countries.