Malik said the Saudi investment in Pakistan would enhance opportunities for the merchants of both sides which would subsequently boost bilateral trade between the two Muslim countries. He also acknowledged the steady support extended by Saudi Arabia to Pakistan in these difficult times and said there was an urgent need to strengthen the bilateral relations on the trade front too.
"Despite the fact that the two countries pledged to strengthen their economic ties through a preferential trade agreement, which also fits the crown prince's vision 2030, the total value of bilateral trade stands at around only $2.5 billion," he added. He said Pakistan is a cheaper country with regard to human resources and labour and if Saudi Arab invests in Pakistan, it would get maximal benefit.
There is a dire need of exchanging trade delegations between both the countries and the governments should announce free business visas for the business communities, he added. Iftikhar Malik also suggested that the Saudi Arab should announce special incentive package for those Pakistani investors and businessmen who are interested to invest in Saudi Arabia. Muhammad bin Salman is not only a Crown Prince of Saudi Arab but also a jewel in the crown of all the Muslim countries, he added.
If Pakistan strengthens, all Muslim Ummah will reap dividends and Pakistan will render all its duties and responsibilities to defend the holy places of Saudi Arabia, he added.