Atif Ikram Shaikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has hailed the recent visit by a Saudi delegation as a significant milestone for the Pakistani economy.
Shaikh highlighted his optimism for the continuation of investment projects in Pakistan, particularly the Saudi pledge to finalize a $5 billion investment pathway. He believes this commitment will restore investor confidence from across the globe.
“The $5 billion investment from the Saudi-Pak Special Investment Facilitation Council (SIFC) for the Reko Deq project is a positive step towards strengthening the economy,” Shaikh stated. He emphasized the importance and timely creation of the SIFC.
Shaikh further stressed the need for a framework to expand cooperation opportunities in various economic sectors. He identified textiles, pharmaceuticals, rice, leather, and dairy farming as areas with immense potential for enhanced collaboration between Pakistan and Saudi Arabia.
The FPCCI President concluded his remarks by expressing confidence that this renewed focus on investment will benefit both nations and enhance the well-being of their citizens.
