LCCI President Almas Hyder, Senior Vice President Khawaja Shahzad Nasir and Vice President Faheem-ur-Rehman Saigal in a joint statement on Friday, said that the exemplary spiritual relations and friendship between Pakistan and Saudi Arabia is based on the strong foundation of mutual trust, respect, strong strategic partnership and economically viable cooperation. They said that relations between the two countries are entering into a new era due to back to back visits of Prime Minister Imran Khan to Saudi Arabia and now visit of Saudi Crown Prince to Pakistan.
"It is expected that Pakistan and Saudi Arabia will sign a range of agreements worth up to $15 billion including establishment of power plants, oil refinery, petrochemical complex etc. These agreements will pave way foreign direct investment at vast scale besides generating employment opportunities while B2B contacts between the businessmen of the two countries will also be strengthened."
They also lauded reduction in visitor's visa fee from Saudi Arabia for Pakistanis. They said the friendship between two friends is time-tested and visit of Saudi Crown Prince to Pakistan will prove long-lasting. The LCCI office-bearers said that cooperation between the two countries would be further enhanced by the implementation of agreements to be signed during this visit. They said the people of Pakistan and Saudi Arabia have strong and brotherly relations and these would further be strengthened with the exchange of such high-powered visits. They said there exists enormous scope to expand the economic relations between Saudi Arabia and Pakistan.