Razak seeks Saudi investment

Updated September 07, 2019

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Dawood welcomed the delegation and vowed to extend complete facilitation on different matters pertaining to Saudi FDI. — AFP/File
Dawood welcomed the delegation and vowed to extend complete facilitation on different matters pertaining to Saudi FDI. — AFP/File

ISLAMABAD: Adviser to PM on Commerce, Textile, Industries and Production, and Investment Abdul Razak Dawood on Thursday urged Saudi Arabian companies to invest in Pakistan’s power sector to get high returns on their investment.

A delegation of Saudi companies, led by Deputy Minister of Energy, Industry and Mineral Resources for Mining Khalid Saleh Al-Modaifer and Razak Dawood discussed investment prospects in Pakistan’s energy, power and mining and mineral sectors, said a press release issued by the commerce ministry.

The meeting was also attended by Board of Investment Chairman Zubair Gillani and other government representatives.

Dawood welcomed the delegation and vowed to extend complete facilitation on different matters pertaining to Saudi Foreign Direct Investment plans in Pakistan.

Further, he appraised the delegation that Special Economic Zones provide incentives to investors by allowing duty free import of machinery besides tax holidays for ten years.

Published in Dawn, September 7th, 2019