WASHINGTON, April 18: Saudi Arabia is interested in investing in Pakistan`s energy and agriculture sectors, Finance Minister Abdul Hafeez Sheikh said after meeting his counterpart from the oil-rich country.
Dr Shaikh and Saudi Finance Minister Dr Ibrahim Bin Abdulaziz Al -Assaf discussed investment opportunities that Pakistan holds out for Saudi businesses at a meeting on the occasion of semi-annual IMF-World Bank gathering.
“We have very close and longstanding relationship with Saudi Arabia and Ibrahim Al-Assaf is a longtime friend of Pakistan. We explored ways to further expand bilateral economic cooperation,” Hafeez Sheikh said.
He also reaffirmed Islamabad`s policy to facilitate foreign investment in various sectors of the economy including energy as the country seeks to overcome electricity shortages and spur industrial output.
The Pakistani finance minister also discussed economic cooperation with his counterparts from neighbouring Iran and Afghanistan.
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