Pakistan to seek greater Saudi investment

[daring dude]

LAHORE: Pakistan will ask Saudi Arabia to enhance direct investment in infrastructure development, commerce, trade, banking, the capital market, ICT and telecommunication in the meeting of the Tenth Session of the Pakistani-Saudi Joint Ministerial Commission in Riyadh on April 15 and 16.



According to a document released by the Economic Affairs Division, Pakistan will ask for Saudi support for its candidate in elections for membership in the council of the International Telecommunication Union.



Saudi Investment in next-generation mobile services, ICT (information and communication technology), infrastructure, and establishment of research and development centres in Pakistan.



Pakistan will discuss with the Saudi Arabian Monetary Agency the signing of an MoU with the State Bank of Pakistan for cooperation in the area of banking supervision.



Another MoU is expected to be signed between the Saudi monetary agency and the Saudi banking, insurance and lease finance regulator and the Security and Exchange Commission of Pakistan.



The document said the meeting will discuss and finalise decisions for joint ventures with Saudi companies for exploration of offshore and inshore sites in Pakistan, Saudi investment for exploration of shale gas.



The meeting is likely to finalise a security cooperation agreement and result in the signing of an MoU on joint efforts against the illegal trade in narcotics, including their smuggling, according to the document.

Credits: Thenews pk

 

[Nishan_101]

LAHORE: Pakistan will ask Saudi Arabia to enhance direct investment in infrastructure development, commerce, trade, banking, the capital market, ICT and telecommunication in the meeting of the Tenth Session of the Pakistani-Saudi Joint Ministerial Commission in Riyadh on April 15 and 16.


According to a document released by the Economic Affairs Division, Pakistan will ask for Saudi support for its candidate in elections for membership in the council of the International Telecommunication Union.


Saudi Investment in next-generation mobile services, ICT (information and communication technology), infrastructure, and establishment of research and development centres in Pakistan.


Pakistan will discuss with the Saudi Arabian Monetary Agency the signing of an MoU with the State Bank of Pakistan for cooperation in the area of banking supervision.


Another MoU is expected to be signed between the Saudi monetary agency and the Saudi banking, insurance and lease finance regulator and the Security and Exchange Commission of Pakistan.


The document said the meeting will discuss and finalise decisions for joint ventures with Saudi companies for exploration of offshore and inshore sites in Pakistan, Saudi investment for exploration of shale gas.


The meeting is likely to finalise a security cooperation agreement and result in the signing of an MoU on joint efforts against the illegal trade in narcotics, including their smuggling, according to the document.

Credits: Thenews pk

I think we can let them invest in the Oil, Gas and Coal reserves beneath the Arabian sea. So that Oil and Gas from Gas and Coal reserves can be utilized along with which found on Land in all over Pakistan.