Economics & Business

Three top Saudi business groups show interest to invest in Pakistan

ISLAMABAD: Three leading business groups of Saudi Arabia have shown interest to expand investment in energy, steel and pharmaceutical sectors in Pakistan. The Chief Executives of Al-Tawairqi, Hubco and Al-Bakri International evinced their readiness for enhancing investment in various fields for accelerating pace of development in Pakistan during their separate meetings with Prime Minister Muhammadmian Soomro in Jeddah the other day.

Reposing confidence in Pakistan’s investment-friendly policies, Chief Executive of Al-Tawairqi, Tariq Barlas showed immense interest for making investment in the coal based power project in Pakistan. He appreciated the visionary approach of the Prime Minister for developing alternative energy sources including coal, solar and wind to cater to the growing demands of energy sources in the country.

The Chairman HUBCO Mauhammad Ali Reza said his company is examining to set up a hospital of international standard in Pakistan. The investment had already been made for setting up gas distribution depots in the country. Chief of Al-Bakri International Abdul Qadir, the largest oil supplier to Pakistan, observed that Pakistan is a land of opportunities for investment with tremendous potential of development in different sectors.-SANA

About the author

Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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