Kakar sees SIFC as engine of prosperity

Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday said that the recently-instituted Special Investment Facilitation Council (SIFC) would continue to work as before in laying the foundations for fast-track foreign investments -- particularly from Saudi Arabia. The prime minister, in a meeting with Saudi Ambassador Nawaf bin Saeed Ahmad Al-Malkiy who called on him, highlighted energy, infrastructure, agriculture, IT and manpower as potential sectors of cooperation. The Saudi ambassador congratulated the prime minister on assuming office and conveyed best wishes and greetings on behalf of the Custodian of Two Holy Mosques as well as Crown Prince Mohammed Bin Salman and the people of Saudi Arabia. Read Blinken congratulates Kakar, assures support for economic prosperity The prime minister said that Pakistan and Saudi Arabia enjoyed historic and deep-rooted ties. He thanked the Saudi government for its consistent support for Pakistan’s economic stability and development. He particularly mentioned the large number of Pakistanis working in Saudi Arabia and requested the Saudi side to continue extending all possible facilitation to them. Prime Minister Kakar lauded the vision of the Saudi leadership and said that Saudi Arabia could always count on Pakistan as its trusted and reliable partner. Ambassador Nawaf said that Saudi Arabia and Pakistan were bound together in a fraternal relationship, which was characterized by mutual trust, understanding and close cooperation on all bilateral and regional issues of common interest. 

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