Pakistan offers multiple incentives to foreign investors

Pakistan offers multiple incentives to foreign investors

ISLAMABAD - Finance Minister Asad Umar has said Pakistan offers multiple opportunities for foreign investors and welcomed Saudi companies to invest in various sectors including petro-chemicals and mining sector.

Talking to the visiting Saudi media delegation in Islamabad today, he said both countries are now focused on providing opportunities to the youth to enable them play a key role in socio-economic development. He also welcomed Saudi participation in CPEC projects.

He made special mention of the oil refinery project envisaged by the Saudi side in Pakistan and said it will have a lasting impact on Pakistan's economy both in terms of investment and growth.

The Saudi media delegation shared with the Minister their impressions about the visit to Pakistan.

Meanwhile, Finance Minister Asad Umar has said that there is great scope for the development of auto sector in Pakistan with the help of Turkey.

He was chairing meeting of the Committee on Pak-Turkey Strategic Economic Framework in Islamabad today.

He said that banks from both sides should be encouraged to establish branches in each other's country to promote business linkages and facilitate financial transactions.

The Finance Minister appreciated the proposal for establishment of a credit Guarantee Fund for trade enhancement.