Federal Minister for Petroleum Musadik Malik Monday urged the private sectors of both Pakistan and Saudi Arabia (SA) to collaborate towards economic diversification and value addition.
\nAddressing a Two-Day Pakistan-Saudi Arabia Investment Conference, he said, \u201cWe invite the private sectors of Pakistan and Saudi Arabia to participate in building critical infrastructure to unlock the assets and wealth potential of both countries.\u201d
\n\u201cWe are already exporting food products, but unfortunately, around 35% of Pakistani perishable food products go to waste. We aim to connect our agricultural assets to the food security needs of the GCC,\u201d he said.
\nThe Minister said that Saudi Arabia wanted to become a food corridor for the Gulf Cooperation Council (GCC) and called for joint efforts to address challenges such as food wastage, proposed that Pakistan\u2019s agricultural assets be leveraged to enhance food security not only in Saudi Arabia but across the GCC and beyond.
\nHe underscored the conference\u2019s focus on private sector engagement, particularly in food and agriculture, urging investments in downstream activities like food processing and value-added industries such as fruit, juice, cheese, and meat production for international markets.<\/p>\n
He described the conference as an opportunity for investors from both countries to establish relationships and explore collaborations, highlighting Pakistan\u2019s interest in participating in religious and family tourism.
\nHe called for integrated tourism experiences, including luxury hotels and ski resorts in northern Pakistan, inviting collaboration between private sector entities from both countries to develop these ventures.<\/p>\n
He emphasized the shared visions of economic prosperity between Pakistan and Saudi Arabia, praising Saudi Arabia\u2019s ambitious transformation and aligning it with Prime Minister Shahbaz Sharif\u2019s economic vision.
\nHe expressed Pakistan\u2019s commitment to stability, infrastructure development, and economic diversification, inviting private sector investment in Saudi Arabia to foster collaboration and progress towards economic diversification and downstream value addition.<\/p>\n","protected":false},"excerpt":{"rendered":"
Federal Minister for Petroleum Musadik Malik Monday urged the private sectors of both Pakistan and Saudi Arabia (SA) to collaborate towards economic diversification and value addition. Addressing a Two-Day Pakistan-Saudi Arabia Investment Conference, he said, \u201cWe invite the private sectors of Pakistan and Saudi Arabia to participate in building critical infrastructure to unlock the assets […]<\/p>\n","protected":false},"author":2,"featured_media":405044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-405041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n