KSA’s investment delegation to visit Pakistan by October 18

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From Business Correspondent

ISLAMABAD: An investment and business delegation led by senior government functionaries from Kingdom of Saudi Arabia will visit Pakistan by October 18 to negotiate on investment opportunities in different sectors.

The investment and business delegation from KSA, would negotiate with Pakistan side for increasing trade and investment in areas of petroleum, agriculture, textile and chemicals for enhancing cooperation between the two country, Secretary Commerce and textiles Muhammad Younas Dhaga told media here yesterday.

He said that “We proposed Free Trade Agreement (FTA) to Saudi Arabia for increasing trade and business relation between both nations and they are agreed to further negotiate FTA after study.” The Secretary Commerce said that Pakistan had proposed KSA to sign Preferential Trade Agreement (PTA) before FTA to bring down the tariff lines between the two countries for enhancing trade and business relations.

Replying to a question, he said “We would achieve exports target and additional exports for economic development and prosperity,”.

He said the government was committed to enhancing exports and increasing manufacturing in engineering, textile, agriculture and chemical domains.

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