Pakistan attaches utmost importance to its ties with Saudi Arabia: President

ISLAMABAD: President Dr. Arif Alvi has said that Pakistan attaches utmost importance to its relations with Saudi Arabia.
He was talking to Chairman, Shura Council of Saudi Arabia, Dr. Abdullah Mohammed Ibrahim Al-Sheikh in Islamabad today.
He expressed the hope that launching of Saudi-Pakistan Supreme Coordination Council will pave the way for a tangible and result-oriented political, economic and strategic engagement.
The President appreciated the Saudi Arabia’s decision to increase Hajj quota to 200,000 and to drastically reduce visit-visa fee for Pakistani nationals.
He also hoped for a greater share for Pakistani manpower in Saudi job market.
Meanwhile, a Parliamentary Delegation of South Korea called on President Dr Arif Alvi in Islamabad today.
Talking on this occasion, the President said bilateral trade between the two countries is not commensurate with its real potential.
He said there is a need to take pro-active measures to increase the quantum of bilateral trade.
The President emphasized that an early conclusion of Free Trade Agreement between the two countries would be a positive step in this direction.
He welcomed continuous increase in investment by the Korean companies in various sectors of Pakistani economy.
The President urged Korean companies to take full advantage of Pakistan’s liberal investment regime and to invest in Mining, Agro-industry and IT sectors.
He also encouraged the Korean companies to establish/ relocate their units in Special Economic Zones being developed in Pakistan.

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